Francis Blanchard, former ILO director-general
Geneva, Switzerland (GenevaLunch) – Francis Blanchard, a French citizen who was director-general of the ILO (International Labour Office) from 1974 to 1989, died Wednesday 9 December 2009, at the age of 93.
He joined the ILO in 1951, where his first assignment was as deputy chief of the manpower division. He was appointed deputy director-general in 1968 with responsibility for technical cooperation and regional activities.
Bern, Switzerland (GenevaLunch) – The Swiss Federal Council, concerned about changes to the G20 group of the world’s largest economies and calls for changes to other international financial bodies, has told the country’s finance ministry to take steps to strengthen Switzerland’s role in the IMF (International Monetary Fund) and the World Bank. Developing countries and emerging markets have been calling for reform of these two bodies, the two Bretton Woods international financial institutions, in recent months, suggesting that voting weights need to be reconsidered. Switzerland is keen to ensure that its seats on the Executive Councils of each group become permanent.
The cabinet (Federal Council) has also instructed the finance ministry to work closely with the Swiss National Bank and the Swiss financial market supervisory authority Finma to strengthen its role in the Financial Stability Board (FSB).
Da Silva, Sarkozy address jobs crisis summit in Geneva
Nicolas Sarkozy (©2009 ILO)
Lula da Silva (©2009 ILO)
Geneva, Switzerland (GenevaLunch) – Brazil’s President Lula da Silva Monday spoke out against international tax shelters and the deficiencies of a capitalist system that provoked the world economic crisis. President Nicolas Sarkozy of France called for an increased role for the ILO at the international level, on a par with the International Monetary Fund (IMF), the World Trade Organization (WTO) and the World Bank.
The two are among the heads of state participating in a three-day jobs crisis summit in Geneva that opened Monday 15 June.
The summit is part of the International Labour Organization‘s (ILO) annual labour conference, from 3-19 June, and looks to examine ways in which government policies address the labour situation in the economic downturn.
José Manuel Barroso, president of the European Commission, said Thursday that European nations now believe they are over-represented in international financial organizations and at the IMF (International Monetary Fund) meeting in Washington this weekend they will agree to let emerging nations take a stronger role. International Herald Tribune
The IMF (International Monetary Fund) is creating an emergency fund to help emerging markets weather the global financial crisis, making available $100 billion to countries in Africa, Asia and South America. BBC The US Federal Reserve announced a rate cut of half a percentage point, to 1%, and announced $30 billion in loans to four emerging markets to help them meet the “intense demand for dollars” in their markets. Financial Times
