BBC Radio Scotland – Sunday morning show

August 24rd, 2011

Last Sunday Ann Pettifor went on the Sunday Morning show with Ricky Ross to talk about Jubilee 2000, the fight to cancel the debt of the world’s poorest countries, and how the campaign on issues of international finance, sovereign debt and social justice continue.

Ann also got to play some of her favourite bits of music – Janet Baker singing the Mendelssohn Aria ‘O Rest in the Lord’ and Bob Marley’s ‘Redemption Song’.

Click the link below to listen to the whole show here, the interview starts at 7 minutes in:

http://www.bbc.co.uk/programmes/b013n0zg

Haiti - defending and strengthening local democracy

Jeremy Smith – 25th July 2011

At the end of June, I returned to Haiti (see previous post) for a packed 2 week programme of capacity building and advocacy support work, with the two national associations of local authorities, representing the Communes (FENAMH) and Communal Sections (FENACAH) of Haiti. The programme is organised by the local government associations of Canada  (FCM, UMQ) and the Netherlands – I was there on behalf of the Dutch association, VNG International.

It was my first time back for a year, and on the ground, nothing much had changed.  The tent cities were as prevalent as before, and whilst there was less earthquake rubble in the streets, not much rebuilding had taken place in Port au Prince.

A new President had been elected, after a far-from-smooth process, but his proposed government was voted down by the Parliament. And yet, despite (or because of) all the problems, the 25 mayors and elected representatives we worked with, from all parts of Haiti, were committed to achieve positive change – which in their view can only come through a real process of decentralisation.

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Lords back Ai Director's critique on Localism Bill

On 28th June, Lords from all political sides joined together to criticize the government’s proposals in Part 2 of the Localism Bill, quoting Ai Director Jeremy Smith’s criticism and critique first made in February 2011, in an article in Municipal Journal, “Fog over Parliament” .

Under the government’s proposals, ministers would decide whether and how much to require local authorities to pay to central government, in the event of a fine from the European Court of Justice, which the minister decides they are responsible for.  In his article, Jeremy had explained (a) how the government had misunderstood the relevant EU Treaty provisions, and (b) in particular, how the proposed clawback proposals were in breach of the principles of natural justice, with ministers being at once prosecutor, judge and co-defendant!

Baroness Gardner of Parkes cited this article in the recent Lords’ debate.

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Aviva - the future prosperity panel

6th July 2011

Aviva has brought together a collection of prominent thinkers to provoke renewed debate and fresh ideas about future prosperity and creating a culture of sustainable savings. Today this group of thinkers, the ‘Future Prosperity Panel‘, published their report ‘Big picture thinking – Towards sustainable savings’.

Ann Pettifor’s article is called ‘Savings and the alchemy of credit’ and is published alongside valuable work from Alain De Botton, Simon Tay, Paweł Świeboda and Diane Coyle.

Read a summary of Ann’s essay and watch her video interview to learn more … >

 

AFFORD – African state building and sound monetary systems

27th June 2011

The African Foundation for Development UK (AFFORD) invited Ann Pettifor to give the keynote speech at its Africa-UK Diplomatic Engagement Evening Monday evening, in the presence of the High Commissioners of Sierra Leone and Cote d’Ivoire.

Speaking on the theme of “Enterprise, Workforce and Institution Building in Post-Conflict States” Ann emphasized the vital importance of post-conflict African states building sound monetary systems. She argued that such systems should be designed to give African politicians the policy autonomy needed to formulate and execute their own monetary policy – and with it the domestic economic policies that will protect the interests of their people, and support their country’s advance.

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The World Forum on Enterprise & the Environment

4th July 2011

Ann Pettifor was invited, by Sir David King, to join a panel at this year’s World Forum on Enterprise & the Environment organised by the Smith School of Enterprise and the Environment in Oxford. The session was led by Herman Mulder and was entitled ”Green the economy, Financial needs and tools: The economics of a world mobilising to address biodiversity issues on a massive scale.”

Read more about the discussion at the WFEE at the Guardian, and watch videos of the many activating speakers over the two days of the forum on the WFEE website.

Ann Pettifor on BBC on Food Security

By Ann Pettifor – 19th June 2011

The BBC Radio 4′s ‘World Tonight’ yesterday devoted the whole of their news programme to the question of global food security, and invited Ann Pettifor to comment throughout. She focussed on Goldman Sachs’s Global Commodity Index – (about which you can read more here in Foreign Policy) not very different from the ‘Collateralised Debt Obligations’ (CDOs) that had been used during the property bubble to ‘slice and dice’ assets, and make them available for speculative purposes.

The programming was in response to a recent statement by President Sarkozy to the World Farmers Union. He was speaking in his role as convenor of the upcoming G20 Summit in Cannes on 3-4 November, 2011, and called for greater regulation of financial markets:

“We must regulate financial markets in agricultural commodity derivatives. I know the causes of agricultural volatility are debated, and various parameters, such as speculation and weather conditions, have an influence. All this can be debated. But I would like to make a proposal: let’s not wait for the experts to agree before we act! Because one thing is for certain: the experts won’t agree. If you wait, nothing will be done, and we cannot afford to do nothing.

The G20 has made commitments to improve the operation of derivative markets, particularly oil derivative markets. I would like to see those commitments extended to agricultural derivative markets. Is there any reason, any argument for us not to apply what we did for oil derivative markets to agricultural commodity derivative markets?”

Ms Pettifor appeared with Waseem Khan of Silk Invest, a financial advisor to  Middle Eastern Sovereign Wealth Funds. For more, you can listen on Iplayer  here: http://www.bbc.co.uk/programmes/b011w837.

Islamic finance and the Public Good

4th April 2011

In March, Ann Pettifor was honoured to be invited Ms Zarinah Anwar CEO of the Securities and Exchange Commission of Malaysia, and Dr Farhan Nizami of the Oxford Centre for Islamic Studies to attend a conference at Ditchley Park on “Shariah, Finance and the Public Good”.

But before the hard work of deliberation, delegates attended a splendid dinner at the Banqueting House, Whitehall, where they were welcomed by His Royal Highness, Dr Raja Nazrin Shah, Crown Prince of Perak, Malaysia.

In an opening address HRH asked the group to consider whether transfers of ‘artificial wealth’ served the public good; and whether Islamic finance could be distinguished from conventional finance? Prince Nazrin Shah suggested that trust in financial services has all but evaporated, and that such trust would not be restored until finance could demonstrate its concern with the public good.

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Local partnerships for international development

1st April 2011

Last week Jeremy Smith was in Brussels for the launch of a new publication, “Decentralised development cooperation – European perspectives”, for which he was the main author (read on to download English and French versions of the publication).

It has been produced by Platforma, the Europe-wide network of local and regional governments for international development, to showcase the role, cost-effectiveness and value of partnerships between cities, towns and regions from Europe with their counterparts in lower-income countries across the world.  Jeremy’s warm thanks go to Lucie Guillet and Sandra Ceciarini, of the Platforma and CEMR secretariats, for their very considerable help in this work.

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Local governments creating their future together in Sarajevo

By Jeremy Smith – 18th March 2011

On 10th to 11th March 2011, the symbolically-resonant city of Sarajevo was the venue for the biggest-ever gathering of elected mayors, councillors and senior local government officials from across south-east Europe.

Over 1000 people came together for the NEXPO Municipal Fair and conference, organised by NALAS, the network of local government associations of the region.  Ai Director Jeremy Smith worked with NALAS in the organisation of the event, in moderating conference sessions, and in drafting the final conclusions, set out in the Sarajevo Declaration.

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