Tag Archive for International Monetary Fund

Inclusion & Growth – European Development Days 2012

European Development Days

One of the main topics at the upcoming European Development Days (Brussels, October 16 &17) is Inclusive Growth. Meeting at a critical time, participants will experience a unique opportunity to meet a wide range of stakeholders from around the world and debate, take stock, and make recommendations. Six panels will tackle the issue of how to empower the populous for inclusive growth:

  • Building a Social Contract for Health
  • The Perspective of the Working Poor in the Informal Economy
  • Placing Social Protection at the Heart of the Development Agenda
  • Confronting Inequality
  • Responding to Youth Unemployment
  • Making Finance Work for Inclusive Development

By examining countries that are faring well after many years of crisis, we can look to find a path towards social inclusion. The Shared Societies Project believes that leaders will make greater efforts to achieve a shared society once they and their communities understand and communicate the economic benefits of building a shared society. We have therefore been keen to explore how to make this case and how to ensure that the economic argument for building a shared society is internalized and acted upon by leaders.

The World Bank, the International Monetary Fund (IMF) and the International Financial Corporation (IFI) all agree that rapid growth is key to reducing poverty, but for the growth to be sustainable, it should beincreasingly broad-based across sectors, and inclusive of the majority of a country’s labor force. However, inequalities that disempower and exclude the poor persist across developing and developed countries. Youth unemployment is skyrocketing worldwide, which undercuts economic and social development andcreates disillusionment, disenfranchisement, and social and political unrest. Moreover, inequality fuelled the Arab Spring, which indicates that economicgrowth without jobs and social cohesion can be politically explosive.

For the aforementioned reasons, the upcoming meeting organized by the European Commission is especially relevant. In a crucial year in which many EU countries are working to improve their economies, designing and implementing new policies—we cannot forget social inclusion. EU development policy should promote a ‘green economy’ that generates growth, creates jobs and helps reduce poverty by investing in natural capital through supporting market opportunities for cleaner technologies, energy and resource efficiency, as well as low-carbon development. At the same time, this could spur innovation, the use of ICT and a reduction in the unsustainable use of natural resources. Development policy should also contribute to improving the resilience of developing countries and to combating climate change.

We will continue to follow the debates on this blog. We encourage you to join the conversation through:

Twitter:
#EDD12
@eudevdays

Facebook:
http://www.facebook.com/EUDevDays

The Shared Societies Project in the Civil Society Policy Forum

Remember: Club de Madrid Proposes a “Shared Societies Global Agenda” During IMF-WB Spring Meetings.

Check out the summary of the Civil Society Policy Forum!

The Civil Society Program Policy Forum (CS Forum) was held from Wednesday, April 18 to Saturday, April 21, prior to, and during the 2012 Spring Meetings of the International Monetary Fund and World Bank Group. It was organized by the WBG and IMF Civil Society Teams. The Forum brought together Bank and Fund staff, CSO representatives, government officials, academics, and others to exchange views on a variety of topics ranging from the global economic crisis and climate change, to governance reform.*

And one of the Post Civil Society Forum Events is… A Global Shared Societies Agenda: A strategy to Promote Social Cohesion for Sustainable Development and Growth!!

Our event:

Sponsors: Friedrich-Ebert-Stiftung, Club de Madrid, Center of Concern

Panelists: John Bruton (Former Prime Minister of Ireland and Club de Madrid Member), Petre Roman (Former Prime Minister of Romania and Club de Madrid Member), François Bourguignon (Director, Paris School of Economics), Jack Boorman (Member of the Palais-Royal Initiative), Hugh Bredenkamp (International Monetary Fund).

In 2011 the cosponsors held two high-level conferences at the International Monetary Fund (IMF) Headquarters to discuss the linkage of reform of the international financial and monetary system, and the prioritization of policies that promote equitable and shared societies. This high level seminar focused on what is required to forge a new, international consensus to directly incorporate social as well as hard economic considerations into the framework of the international monetary and financial system.  It also discussed ways to introduce impact indicators on social conditions into the policy performance goals that Member States are required to meet by the international financial institutions.*

*Information taken from the World Bank website

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