News Release

Global Finance Showdown in Washington

Weinberg is trade policy advisor at Oxfam. The group has helped organize April 10 to 16 as a “Global Week of Action for Trade Justice,” which organizers estimate will involve more than 10 million people in 70 countries. Oxfam has just released a report titled “Kicking Down the Door,” which finds that “the U.S., along with other rich countries and international financial institutions, is pressuring developing countries to open their markets for rice and other basic foods, while maintaining heavy subsidies and protections for its own producers. … The Dominican Republic and Central America Free Trade Agreement (DR-CAFTA) … blatantly ignores the fact that U.S. farmers receive extensive subsidies and domestic supports, estimated to be around $18 billion this year alone.”
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Hansen-Kuhn is the international coordinator of the Alliance for Responsible Trade and the author of the recent report “Central Americans Speak Out against DR-CAFTA: Major Issues and Mobilizations.”
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Njehu is director of the 50 Years Is Enough Network. She said today: “The glacial pace of the G7 countries when it comes to debt cancellation is both incomprehensible and immoral in the face of the human cost of the debt burden.”
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Sen and MacAuley are media contacts for Mobilization for Global Justice, which is organizing a series of events around the upcoming G7 countries’ Finance Ministers gathering as well as the IMF / World Bank meetings. The events include a rally at noon on Saturday, April 16, in Murrow Park, outside the IMF / World Bank buildings (18th Street and Pennsylvania Avenue, N.W.) preceded by an 11:30 a.m. pre-rally press conference.
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Caceres is a co-founder and leader of the Council of Popular and Indigenous Organizations of Honduras. Geronimo is a journalist and a lawyer from the Dominican Republic and the general facilitator for the Convergence of Movements of Peoples of the Americas. Godinez is director for CEIBA, an environmental group in Guatemala.

For more information, contact at the Institute for Public Accuracy:
Sam Husseini, (202) 347-0020; or David Zupan, (541) 484-9167