Tuesday, September 16, 2008

Day 4 (actually 6 – I lost of couple of days):

I’m sitting in the closing session of the conference. Everyone’s really tired – it’s been a marathon discussion of some really heavy subjects – but it’s clear that it’s been worth it. The international debt movement is more real than it ever has been before and the amount of collective, global actions that have been agreed are astounding – and a bit scary.

The Debt Commission has still not officially reported. President Correa has had to travel to Chile to help deal with the de-stabilisation of Bolivia which is causing real concern amongst the delegates here. We do expect the report any day though, so keep your eyes out for information on the website.

We have passed resolutions calling for immediate debt relief for Haiti, which has been rocked by storms and a severe food crisis in recent weeks, and supporting Ecuador’s Debt Commission, and urging Ecuador’s government to follow-up on this report.

The news today – about further turbulence in the financial markets – has also made clear to us what a critical time this is for the debt movement. As an irresponsible financial system again engulfs millions of people in debt, we urgently need to transform the financial architecture that has inflicted poverty and suffering on many many countries over the last 30 years.

Back to the UK to get started…

Nick

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