The G8 Summit 2005

Source: Eurodad
This report on the G8 debt deal reveals that for the 18 Sub-Saharan African countries included in the deal, IMF, World Bank and African Development Bank debts will be slashed by 64.4% on average, not 100% as claimed by the G8 in 2005. May, 2007 [see more]
The 2005 edition of the Group of eight (G8) Summit that took place in Gleneagles, Scotland 6-8 July gathered leaders of the eight most powerful countries - the United States, Canada, Britain, Germany, France, Italy, Japan and Russia. This year's meeting was marked by the decision made by host Britain to build the meeting on two basic pillars: poverty in Africa and climate change.

Campaigners and NGOs around the globe effectively set poverty reduction as the main agenda for the G8 meeting uniting around the Global Call to Action against Poverty (GCAP), a world-wide alliance aimed at forcing world leaders to live up to their promises of reducing poverty. The "Make Poverty History" campaign - the UK version of GCAP- was too eager to use the political muscle of pop stars such as Bob Geldof, who led massive concerts (Live 8) around the world, with the aim of increasing political pressure on world leaders. Live 8 called for international aid, debt relief and trade justice but focusing exclusively on Africa.

Furthermore, British Prime Minister Tony Blair soon posed himself as the leader in the fight against African poverty, a move that many found to be a paradox since the G8 policies and its corporate liaisons are no doubt responsible for Africa's poverty and looting of its resources.

On the second day of the meeting, July 7, a series of bombs exploded on London underground and a bus while two of the leaders engaged in the 'war on terror' were meeting a few miles away in Gleneagles. The G8, aided by the mainstream media, failed to link the London episode with the war on Iraq, seizing the occasion to implement harsher measures against the 'threat of terrorism' instead.

Climate change was the other issue at the top of the agenda, but this turned out to be the biggest disappointment as US President George Bush thwarted Blair’s efforts to set firm targets for reducing greenhouse emissions. The final document on climate change contains no targets, timetables or committed funding to address the challenge of climate change.

The most publicized outcome of the G8 Summit was the $50 billion aid package for Africa and up to $9 billion in additional support for the Palestinians over the next three years. However, the G8 pushed the privatisation principle strongly in its communiqué (pdf document) in spite of several reports that documented how unfettered privatisation had ruined the economies of several strong and struggling nations alike. Not a word was mentioned about the agricultural subsidies in the European Union and the United States that make competition so tough they are crippling African farmers and their produce in their own land.

"A great justice has been done," Bob Geldof said after the G8's announcement of doubling the aid package for Africa to 50 billion dollars a year by 2010. However, others like GCAP's chair Kumi Naidoo ventured to disagree: “the people have roared but the G8 has whispered”. Groups campaigning for greater G8 commitments were far from ecstatic; and there were no reports of jubilation in Africa either. A closer look at the G8 offer would suggest that those not celebrating had far more reason on their side.
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UPDATES
Friday, May 25 2007
Multilateral debt: one step forward, how many back?
(Source: Eurodad)
Thursday, June 29 2006
The Multilateral Debt Relief Initiative: The good, the bad and the ugly
(Source: Jubilee Debt Campaign)
more on this issue

Organizers

G8 Gleneagles 2005

Global Call to Action against Poverty (GCAP)

Make Poverty History

Live 8

The G8 and African aid

Africa's new best friends

The economic medicine that kills (Telegraph)

The G8 Africa Brouhaha: hot air and little substance (Pambazuka)

Development in Africa: Choike report (Choike)

Making G8 history (Planeta Portoalegre)

Africa is offered a little - at a price (IPS)

G8 and debt relief

The debt burden: Is an end in sight? (Bank Information Center)

What about us? Debt and the countries the G8 left behind (Christian Aid)

G8 debt cancellation, poor nations and women (AWID)

Assessing the G8 debt proposal and its implications (50 Years is Enough)

How the G8 lied to the world on aid (Guardian)

G8 debt relief could lead to new borrowing (IPS)

The G8 2005 - What are the lessons? (Jubilee Research)

Gleneagles: what really happened at the G8 summit? (Oxfam International)

The battle of the spin doctors (Global Economic Justice Program Coordinator)

Japan's PM betrays the G8 aid grant (Japan Network on Debt and Poverty)

Latin American debt relief: There is less than meets the eye (COHA)

The G8 and Latin America (IFIs Latin American Monitor)

G8 and debt plan: more of the same (EURODAD)

Debt cancellation brings about more debt and dependence (BolPress)

Debt activists warn G8 debt plan is insufficient (Jubilee South)

The G8, the World Bank and the IMF: debt, aid and trade implications (Bretton Woods Project)

The end of the beginning (The Guardian)

G8 communique: more and better aid? (EURODAD)

The pop star's campaign

The making of an impoverished history (Ligali)

Live Aid 2: “It’s like trying to shave someone’s head in their absence” (Pambazuka)

Pop campaign on Africa fizzles out (IPS)

Live 8: Corporate Media Bonanza (ALAI)

One year later

The unfinished agenda on international debt (Jubilee USA Network)

Small change: An assessment of G8 action on trade justice, debt cancellation, more and better aid, one year on from Glen (World Development Movement)

Mind the (growing) gap – debt, aid, and trade (Halifax Initiative)

One year on from Gleneagles...what's changed? (Civicus (Sunday Herald))

One year on from Gleneagles, civil society calls on the African Union to consistently hold G8 to account for the promise (Afrodad)

The view from the summit – Gleneagles G8 one year later (Oxfam International)

G8 debt deal one year on: What happened and what next? (Eurodad)

The Multilateral Debt Relief Initiative: The good, the bad and the ugly (Jubilee Debt Campaign)

Information resources and counter-conferences

Old promises, new promises (Global Call Against Poverty)

Mixed results from the G8 Summit (Third World Network)

IPS G8 coverage

Corporate Watch at the G8

G8 altenatives Summit

Corporate G8: corporate dream/global nightmare

Red Pepper G8 blog

World Development Movement at the G8

What do Africans have to say?

The 2005 G8: Business as usual the morning after? (Pambazuka)

Reflections on the G8 Summit by Kumi Naidoo (CIVICUS)

African CSOs: disappointed but resolute (Africa Focus)

'Never about us without us'

Make looting history (Pambazuka)

Aid with one hand; guns with the other (Pambazuka)

Africa’s second last chance (Third World Network Africa)

Climate change and the G8

Key facts on the G8, World Bank and climate change (SEEN)

US and climate change: too much of nothing (Foreign Policy In Focus)

Faced with this crisis... (Planeta Portoalegre)

G8 summit agrees more talk, no action (Friends of the Earth International)

G8 summit delivers nothing on climate change (Friends of the Earth International)

No solutions here to climate caos (IPS)

From Iraq to the G8

From Iraq to the G8: the polite crushing of dissent and truth (ALAI)

Deflecting the attention from Iraqi war (Focus on the Global South)

Two years later

Multilateral debt: one step forward, how many back? (Eurodad)

G8: Surprise us...and remember your promises! (Global Policy)

The World is still waiting. Broken G8 promises are costing millions of lives (Oxfam)


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