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G-20 and Bangladesh April 20, 2009

Posted by bdoza in BANGLADESH, ECONOMY.
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g20-leadersOn 2nd April, 2009, the 20 most industrialised and emerging nation met together at London to address the world economic recession and to find the way out of the recession. It was the first major summit for Obama after he has taken oath as the President of the largest economy of the world of USA.
Though there was dissent among the participating countries and a fear that French President Sarkozy may walk out of the summit, but no such dramatic event happened despite the media’s speculation.

The summmit declared a joint communique at the end citing measure to combat the world economic crisis.
Many critics says that it is dialouge among the rich where the poor has no saying though the summit alloted an amount of money for the deveoping countries, it is not enough to improve the situation of those countries. Bangladesh could be the missing voice of the developing countries in the summit.

Bangladesh will get a share if it wants to from that portion which will be distibuted through IMF and World Bank. G-20 suggested to strengthen the IMF and World Bank though the present economic crisis may be a failure of these bodies. Are the devoping countries are falling into into the trap of greater vicious cycle in future?

Should Bangladesh go for its own crisis to get loan from IMF? Experts opined that it will be better for Bangladesh initially to depend on its own resources.

An ordinary citizen

Links:
G-20 in Wikipedia
London Summit Communique

Final Report of G-20 working group

London Summit 2009
……………………………
Recession in G-20 and Bangladesh
G-20 and missing voice of Bnagladesh

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