Some of the world leaders attending  the G20 Summit in London
Some of the journalists covering the G20 summit. From left Ayoub Mzee of BenTV, Hassan Mhelela (BBC), Henry Gombya (formerly with BBC) and Joyce Kisaka (Guardian-Tanzania)

By   Ayoub  mzee in London

Today  on the  2 April 2009, world leaders from the G20 countries – representing 85% of the world’s output – are  meeting  in London. 

They are meeting meeting against the backdrop of the worst international banking crisis in generations.

Confidence in the international banking system has fallen. Major institutions have failed. Countries around the world have entered recession, with falling trade and rising unemployment.

At the Summit, countries need to come together to enhance global coordination in order to help restore global economic growth. World leaders must make three commitments:

First, to take whatever action is necessary to stabilise financial markets and enable families and businesses to get through the recession. 

Second, to reform and strengthen the global financial and economic system to restore confidence and trust. 

Third, to put the global economy on track for sustainable growth.
Critics  say  that  this  meeting  wont  achieve  anything  as  far   as  africa  is concerned  and  this  is  because   africa   is  only  represented  by South  Africa

Prime Minister of Ethiopia Meles Zenawi, in  his  capacity   as  the  chair  of  NEPAD,  said  that  Aid  affectiveness   cannot  be   be  improved  as  long  as  Aid  to  Africa  is  wrapped  up in  innumerable conditionalities many  of   which  reflect  dogmas that  have  now  in practice  been  declared  bunkrupt by  the  response  of  governemnts  to  the  cononic  crisis.

He  went  on  to  say  that "Banks facing  difficulties  are  being  given  assistance  of  tens  or  even  hundreds of  of  billions  of  dollars.A bank  in  these  countries  which  is deemed  too  important  to  fail  is  getting  more  asistance  than  trhe  whole  continent  of  Africa ..."

Kumi Naidoo  of  Global  call to   ACTION  AGAINST  POVERTY  said  " poor   and  hungry women ,children,  the  sick  and  the  eldely  must  not  pay  with  their  lives  for  the excesses of  the  rich .The G20  must  stand  up  for  the  ordinary  person ...." 

Lord  malloch  brown   said  that   developing   countries  that  wee  members  members  of  the  G20 saw  it  as  a  'matter  of  pride' to  make sure  they  represented  not just  their  own  interest s  but  those of  poor   countries  generally .

Today  the  uk  government  intends  to  take  practical  action to  support  firms  accros  the globe ,  helping  stimulate  trade  in  dveloping  countries  and  ensuring sustainable  growth .Participating  banks  must  all   commit  to  using  the  money  to  support  trade  in  develping countries.

In  the  first  phase  countries   to  benefit  are  kenya , malawi,  mozambique,Mauritius,Nigeria,  Ghana,,  Angola,  Seychelles and  Zambia.

The  Contribution  that  the  uk  government intends  to  to  make  a  substantial  contribution to  the  GTLP.The  world   trade  organisation  has  sugessted  there  could  be  a  global  shortfall  of  bettween  $100 bn   and £ 300 bn
 

Michuzi Blog

Tanzanian blog operating since 2005, covering International news and Local News, including Politics, Fashion, Social Scenes, Interviews, Movies, Events, personalities and anything positive happening worldwide. Written in Swahili and English targeting both Swahili and English readers.

Toa Maoni Yako:

Kuna Maoni 6 mpaka sasa

  1. Where is TBC representative kugombea kote Ze komedy, halafu wanashindwa kutuma watu kwenye tukio muhimu kama hili! Hii ni aibu tena kwa media ya serikali!

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  2. Michuzi rekebisha hayo majina wa kwanza kushoto ni Mhelele na siyo Ayoub Mzee

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  3. UMECAHPIA MZEE,WA KWANZA MHELELA ,ANYEFUATA AYOUB MZEE. KISHA ENDELEA NA HAO WENGINE.

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  4. TOka USA iwe na raisi Black , basi kila Mtu anataka kuwa Ghetto , cheki hizo pozi hapo utadhani wako Harlem .halafu Ona huyu Mrs Obama anavyo mpet Queeen , hivi hakuwa na mshauri wa kumwambia , asilete mambo ya kule ghetto za Chicago?

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  5. Jambo la kusikitisha ni kwamba Afrika bado iko katika njozi za misaada. Kamwe misaada haitatuondoa katika umasikini. Sijasikia viongozi wa Afrika wakikutana kujadili jinsi ya kukabiliana na mdororo wa uchumikama waafrika kwa kutumia rasilimali na watu wake yenyewe. Tumebaki kama makinda ya ndege tumefungua vinywa tukisubiri G20 wafikirie halafu watudondoshee vipunje ili tumeze. Tunalilia soko la ulaya ili Tanzania iuze kahawa, wazungu waiweke kwenye makopo halafu waiuze Maumbiji, Rwanda n.k kwa bei kubwa. Hivyo hivyo kwa bidhaa nyingine. Afrika siyo masikini lakini tuna matatizo ya kufikiri na kutenda. Tungejituma katika kufikiri na kutenda hakika huo mkutano wa G20 usingefanyika bila kutuita kutokana na rumuhimu wa rasilimali tulizo nazo. Umasikini wetu uko katika fikra. Inasikitisha sana. Tutatawaliwa sana.

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  6. mbona guardian hawaandiki habari mkutano huo wa G20 wakati mwandishi wake yupo huko?

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