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for coordinated global stimulus through public sector investment. Devel- oping countries must be given both the resources and the policy space to grow and thereby contribute to a growth in global demand.

28 There is a need for immediate, ambitious and coordinated action if we are to avoid a devastating increase in poverty in the developing world. The G20 countries must not use the crisis as an excuse for continuing to post- pone meeting their commitments. We call on G20 Leaders to undertake the following:

Honour commitments that were reaffirmed at the G20 London Summit on the MDGs and Official Development Assistance (ODA), particularly for sub-Saharan Africa. Increase ODA to meet targets of spending 0.7 percent of Gross National Income (GNI). Put in place an accountability framework to track G20 development commitments, including progress towards the MDGs. Ensure that there is no re-tying or tying of aid;

Push forward with the commitments made at the G8 L’Aquila Summit to reform the IMF and to increase representation of developing coun- tries. Take urgent action to reform the conditionality framework of the International Financial Institutions (IFIs) so as to support expan- sionary recovery programmes in developing countries in line with G20 commitments made at the London Summit;

Take steps to avoid a new debt crisis. Donors and multilateral financial institutions should prioritise the provision of grants and concessionary loans in their financial support so as to ensure the sustainability of developing countries’ debt. Ensure that the IFIs expand their debt relief initiatives;

Place decent work at the heart of development assistance and support measures to tackle indecent, informal and unprotected work, focusing in particular on women, by extending labour law and social protection to all workers while reversing the trend in increasing precariousness of employment within the formal economy. Establish a Global Fund for Decent Employment (GFDE). Support partner countries’ ratification and enforcement of core ILO Conventions;

Invest in a ‘Global New Deal’ for publicly owned public services that rebuilds economies on the solid foundations of primary and secondary education, vocational education and training and higher education and research, as well as strong public health and water and sanitation systems. Support protection and immunisation programmes for public health workers in developing countries and tackle the global shortage of health workers;

Strengthen the role of the UN development system in responding to the economic crisis and its impact on development;

Take steps to prohibit speculation on basic commodities, which has a direct impact on access to food to millions of people in the developing world;

Ensure that the 7th World Trade Organisation (WTO) Ministerial Conference (Geneva, 30 November-2 December 2009) results in agree- ment that the Doha Development Agenda should become a genuine development round that supports the creation of decent employment



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