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Initiatives that bring justice in the financial meltdown

Initiatives that bring justice in the financial meltdown. Magda Lanuza, Nicaragua . Readings outside the US and Europe. Pictures of men in black suits at the Wall Street.

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Initiatives that bring justice in the financial meltdown

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  1. Initiatives that bring justice in the financial meltdown Magda Lanuza, Nicaragua

  2. Readings outside the US and Europe • Pictures of men in black suits at the Wall Street. • Latin America experiencing long term crisis: centuries of plundering, dictatorships, corruption, negative impacts of the SAPs, and bad negotiations of free trade agreements • In LA 44% of the population live in poverty, this 51 million of the population. • According to the FAO in 2009, 6 million of them will be experiencing chronic hunger.

  3. Initiatives: Good news at last • Governments moving towards a broader concept of human development. Ecuador’s new Constitution states the right to food sovereignty. • Other signs of hope include regional proposals as ALBA that is supporting social programs that embrace gender perspectives in sustainable development. Hunger Cero in Nicaragua. • The recognition that this is not just a financial and economic crisis, but social and ecological crisis.

  4. Exclusionary process or inclusive alternatives • G- 20 cannot speak for all the countries. Southern governments are called to move beyond rhetoric. • An opportunity to revise the past and current relations between the North and the South. • The claim of the ecological debt: Ecuador has called for. • This implies the recognition of the Northern countries of the responsibility they have of centuries of natural resources plundering in the South: all the side effects of this pattern up to now. • The Northern countries are debtors and have to recognize it, pay for it and stop getting in more debts.

  5. The call is for: • To continue the audits of the external debts and cancel the illegitimate debts until now paid. Ecuador exercise. Nicaragua is waiting for a big debt to be paid. • Different rules for foreign investments in the South: Bolivia and Venezuela examples. • Fair trade with fair prices, protecting the environment and people’s rights, opposed to Free trade Agreements. • Support people’s centered programs and policies. • No more impositions and conditionalities on loans, international aid and trade negotiations – MCA, T- LAND from USAID • Compensation for climate change disasters: Bolivia 2006 and the Caribbean in 2008. No to carbon cap-and-trade systems

  6. Expectations: How to work together? • The upcoming UN Conference on the world financial and economic crisis and its impact on development. • Opportunity for: • carrying new commitments on gender equality, • bringing the lessons of some Latin America and the Caribbean initiatives, • recognizing the different responsibilities that has brought us to this point – ecological debt and cancelling external debts. • a new beginning of a process that will define revolutionary changes for a new and better society that we can shape together. • enhancing the UN role with the UNCTAD and other UN international bodies working

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