“We are delighted that the G20 has put the needs of poor people firmly on its agenda and rejected the failed ‘one-size fits all’ policies of the Washington Consensus," Oxfam International’s Luc Lamprier said. "But after the G8’s broken aid promises, the G20 needs to show it is ready to deliver more than empty promises. They urgently need to raise their game next year.
“The G20 have got halfway to an action plan on development – they have a promising plan but where is the action?
The G20’s shift is a signal that world leaders are beginning to recognize that both developed and developing economies stand to benefit from strengthening skill development, tax reform and improved access to finance in Africa and other emerging markets.
“The Seoul Consensus appears to show that development is important, but that concrete action will have to wait despite one billion hungry people and the millions forced into poverty by the economic crisis," Lampriere said.
“Instead we need Seoul Development Consensus that delivers the resources to pay for the schools, healthcare and small farmers that are vital to sustainable economic growth," he said. "It would see rich countries setting a timetable to provide the aid they have already promised. A crackdown on tax evasion and a tax on the financial sector offer fair, popular and workable ways to find additional funds for the poor without increasing the burden on ordinary taxpayers.”