PHM-Exch> Opportunity to Push for Democratisation of the IMF (Deadline 24 May)

[David Woodward]

Dear All



This is a important opportunity to influence the debate on democratisation of global economic governance. As the Commission on Social Determinants of Health said,

“It is only through such a system of global governance, placing fairness in health at the heart of the development agenda and genuine equality of influence at the heart of its decision-making, that coherent attention to global health equity is possible.”



Nowhere is this more true than the IMF: it has virtually run the economies of much of the developing world (with serious adverse effects on health) for much of the last 30-35 years, while itself being run by the developed country governments, who have 60% of the votes - four times their share of population or of membership. The US, and the US alone, has a veto on all major policy decisions - including voting reform! The voting system was created in 1944, when only a handful of developing countries were members (most still being under colonial rule), they rarely borrowed from the Fund, and IMF lending did not carry any policy conitionality.



Please take the time to vote (link below), and forward as widely as possible.



Many thanks



David



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From: New_Rules at yahoogroups.com [New_Rules at yahoogroups.com] on behalf of Jamie E. Baker [jbaker at new-rules.org]
Sent: 20 May 2011 23:46
To: new_rules at yahoogroups.com
Subject: [New_Rules] Vote in the Guardian Newspaper Poll."Does the IMF voting process need to change?".


The Guardian newspaper has a poll<http://www.guardian.co.uk/business/poll/2011/may/19/imf-dominique-strauss-kahn> running until 24 May asking “Does the IMF voting process need to change?”. You can guess which way we voted, but right now only 71.3% of people agreed. Go to the poll <http://www.guardian.co.uk/business/poll/2011/may/19/imf-dominique-strauss-kahn> to vote yourself.


Jamie Baker, Coordinator

New Rules for Global Finance

1717 Massachusetts Avenue, NW, Suite 801

Washington, DC 20036

Tel. (202) 247-7486

Fax. (202) 280-1141

Email. Jbaker at new-rules.org<https://webmail.neweconomics.org/owa/UrlBlockedError.aspx>

Website: www.new-rules.org<http://www.new-rules.org>

Skype: jbaker60


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