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United States: Promote Global Financial Transparency at G20 Summit

Greater Accountability Would Improve Development and Rights, Alleviate Poverty

WASHINGTON, DC – The United States should press for greater transparency and accountability in the global financial system at the G20 Summit meeting in Seoul, a coalition of civil society organizations said today. The G20 Advocacy Coalition brings together varied organizations – that share the view  that increased transparency is essential to promoting economic development, alleviating poverty and realizing enjoyment of economic and social rights.

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Post G20 Toronto Summit Analysis

Official Statement is Heavy on Promises, Short on Action

WASHINGTON, DC — The G20 Summit in Toronto June 27th-28th was heavy on promises and lean on concrete action items, notes the Task Force on Financial Integrity and Economic Development.  While the G20 expressed a strong desire to “close the development gap,” increase transparency, and tackle corruption and money laundering, there was a notable lack of language indicating an understanding of the interconnected nature of these different problems.

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G20 Committed to Meeting MDGs

G20 Pledges to Help Poor Meet MDGs: Financial Transparency Can Help 

TORONTO, Canada – The world’s largest economies hinted today that they will consider increasing Official Development Assistance to poor countries as a way to help them meet the Millennium Development Goals. The Task Force on Financial Transparency and Economic Development calls on the G20 nations to institute financial transparency measures which will result in additional resources that can be used to meet those development targets.

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G20 Ministers Should Connect Link Between Illicit Financial Flows, Tax Havens, Poverty

Global Financial Integrity Circulating Petition Demanding Financial Transparency

Washington, DC — As the Group of Twenty (G20) finance ministers meets tomorrow in Washington, Global Financial Integrity (GFI) urges leaders to acknowledge the devastating link between illicit financial flows from developing countries, secrecy jurisdictions (tax havens), and global poverty.

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GFI Launches “G20 Transparency” Campaign Calling on World Leaders to Fight Poverty

WASHINGTON, DC – Global Financial Integrity (GFI) launched its “G20 Transparency” campaign today, an international grassroots sign-on drive to collect 100,000 signatures on a petition calling for greater transparency in the global financial system.  The petition will be delivered to Canadian Prime Minister Stephen Harper prior to the G20 meeting in Toronto at the end of June.

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G20 Ministers Should Acknowledge Link between Illicit Financial Flows, Tax Havens, Poverty

WASHINGTON, DC — As the Group of Twenty Finance Ministers meet tomorrow in St Andrews, Global Financial Integrity (GFI) urges leaders to acknowledge the devastating link between illicit financial flows from developing countries, secrecy jurisdictions (tax havens), and global poverty.

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GFI Applauds G20 Commitment to End Bank Secrecy, Curtail IFFs from Developing Countries

WASHINGTON, DC – The G-20 reaffirmed its commitment to pressing uncooperative secrecy jurisdictions to adopt more rigorous reporting standards, tackle banking secrecy, and increase overall transparency in global finance in a communiqué released at the conclusion of today’s summit in Pittsburgh.

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Pittsburgh G20 Process Must Tackle Banking Secrecy, Illicit Financial Flows

WASHINGTON, DC – As the Group of Twenty meets today in Pittsburgh, Global Financial Integrity (GFI) urges leaders to pursue measures to increase transparency in global finance and curtail illicit financial flows.

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