World Council of Churches Office of Communication Press Release 150 route de Ferney, P.O. Box 2100, 1211 Geneva 2, Switzerland E-mail: media | |||
WCC CHALLENGES G8 GOVERNMENTS TO TAKE MORE
RADICAL APPROACH ON DEBT CRISIS | |||
"It is a lack of political will rather than financial resources that has made it difficult to find a lasting solution to the debt problem", explains the WCC statement. It calls on G8 governments to accompany initiatives for debt cancellation with reform of the financial and trading systems and to respond positively to the demand for greater control of the transnational flow of capital by governments and civil society. Referring to the eighth assembly of the WCC in Harare, Zimbabwe, last December and its support to the goals of Jubilee 2000 coalitions, the statement appeals to the G8 leaders to recognize the urgent need to: "a. cancel the debts of the poorest countries to enable them to enter the new millennium with a fresh start.[Click here for the full text of this statement.]
"Cancel the debt - and what next"?
She warned of any extension of the powers of the World Trade Organization (WTO) and proposed a thorough examination of the impact the WTO has had up till now on employment, consumers, the environment, development, human rights and democracy. Referring to the recent decision-making process on the international bananas trade, Dr George described the WTO’s dispute settlement mechanism as being in the process of establishing a profoundly anti-democratic law.
Delegation from Inter-Continental Caravan visits WCC
Earlier that day, the WCC received an Inter-Continental Caravan delegation, including over a hundred farmers coming from India to Geneva to protest at the WTO against the mechanisms of the free-market economy. Welcoming the delegation, the WCC general secretary underlined WCC’s "longstanding commitment to work with people as they define for themselves the priorities for development."
"In our own efforts... to come to terms with the dynamics of globalization, we are convinced that it is not enough merely to confront the major actors but [we need], in addition, to search for just and sustainable alternatives," said Raiser. "By building links with other partners in Europe, including international organizations like ourselves, and by coming to the headquarters of the corporations affecting the basis of your livelihood, you have contributed to the development of a new dynamic - globalization from the grass roots," he added.
|