G 20 and the Bretton Woods Institutions: Don't just give them more money, fundamentally reform them!

By Korinna Horta and Barbara Unmüßig

Following the G20 Summit in London which agreed to a massive capital injection for the IMF and the World Bank in order to help countries globally to deal with the financial crisis and global recession, a commentary by Heinrich Böll Foundation Co-President Barbara Unmüßig and Korinna Horta from the Environmental Defense Fund argues that the G20 missed an opportunity to fundamentally reform the Bretton Woods Institutions and to steer them toward a global course that would tackle the global financial crisis and the global climate crisis together.

Click here for the full article (pdf).