There is nothing small or trivial about this financial crisis. According to the Bank of England’s recent Financial Stability Report, governments worldwide have already pledged more than $7 trillion in loans, guarantees, capital injections, and other assistance in their coordinated effort to prop up the global financial system. And the ILO estimates the crisis will cost 20 million jobs by next year. more[...]
In the year 2000 the United Nations introduced the Millennium Development Goals. Main targets are the reduction of extreme poverty and a global partnership for development. At the UN Millennium Summit in New York stakeholders from the international politics, civil society and global NGOs promised to achieve all these targets till 2015. The eight goals are: Eradicate extreme poverty & hunger, achieve universal primary education, promote gender equality and empower women, reduce child mortality, improve maternal health, combat HIV/Aids, Malaria and other diseases, ensure environmental sustainability and develop a global partnership for development. more[...]
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