CIVIL SOCIETY LEADERS CALL FOR ACTION AGAINST DEBT, INFLATION AND

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New York, Sept. 08, 2022 (GLOBE NEWSWIRE) — As world leaders gather for the United Nations General Assembly, the Open Society Foundations are calling for bold action to address critical global crises, including:

  • A global bailout that calls for high-income countries to spend 2% of GDP on spiraling living costs and adopt solutions such as price controls, intellectual property waivers and taxes exceptional;
  • Immediate debt relief and financial assistance to low-income countries, including suspending IMF and World Bank surcharges and issuing a new round of Special Drawing Rights;
  • Creation of a loss and damage mechanism to support countries that have already suffered irreparable or severe damage due to climate change;
  • Russia’s responsibility for war crimes in Ukraine and the end of the war there; and
  • More open, inclusive and effective global institutions that reflect the makeup of the world.

“Tomorrow, and tomorrow, and tomorrow is not just a line of macbethsaid Mark Malloch-Brown, president of the Open Society Foundations. “For too long, it has also been at the heart of world leaders’ plan to address these growing global challenges. This must change.

Malloch-Brown and other Open Society Foundations representatives will be in New York in September and are available to comment on the above:

  • Mark Malloch-Brown, President, former United Nations Under-Secretary-General to Kofi Annan, headed the United Nations Development Program and served as Vice President of the World Bank and Minister responsible for Africa, Asia and the United Nations under the British Prime Minister Gordon Brown. He can talk about the global fallout from Russia’s invasion of Ukraine, debt relief, development aid and the reform of international institutions.
  • Laura Carvalho, Director of Actions, is a prominent Brazilian economist and co-founder and director of the Center for Research on the Macroeconomics of Inequality at the University of São Paulo and has written extensively on development economics and inequality. She can talk about the global economy and the need to reduce inflationary and debt pressures in the Global South.
  • Yamide Dagnet, Director for Climate Justice, Previously, he served as Director of Climate Negotiations at the World Resources Institute, focusing on the equitable implementation of international climate agreements. She can speak to the need for fair and equitable climate action for all countries and communities.
  • Natalie Samarasinghe, Global Advocacy Director, formerly CEO of the United Nations Association-UK and Speechwriter for the President of the United Nations General Assembly. She can talk about global crises and the need for international action, as well as UN reform.
  • Oleksandr Sushko, Executive Director, International Renaissance Foundation in Ukraine (not in New York during UNGA), was Director of the Center for Peace, Conversion and Foreign Policy of Ukraine. He can talk about the work and needs of civil society in Ukraine and the Ukrainian Democracy Fund.

The Open Society Foundations, founded by George Soros, is the world’s leading funder of independent groups working for justice, democratic governance and human rights.


        
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