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Apr 17, 2009

 


The International Monetary Fund (IMF) owns an incredible 3,217 metric tons of gold. At the recent G20 summit, world leaders committed to using funds from selling a small fraction of that gold to help developing countries that are struggling to prevent 53 million people from slipping into poverty by 2010.

Click the link below to sign our petition to the Managing Director of the IMF, Dominique Strauss-Khan asking him to use funds from the gold sales to help the world’s poorest countries in ways that won’t create debt or hurt their economies with harmful new conditions:

http://www.one.org/us/imfgold/

Petition text:

Please use the revenue from gold sales to create as much funding as possible for developing countries and ensure that this doesn’t create new debts or have harmful conditions attached.

The IMF may seem to be a distant international organization, but we know they are listening. In 2007, ONE members asked the IMF to forgive Liberia’s debt and give that war-torn country, now at peace and under democratic rule, the chance to rebuild. The IMF was overwhelmed by our emails, and even acknowledged the power of our voices when announcing the decision to forgive Liberia’s debt.

It’s time for us to call on the IMF to take action again. The value of much of the IMF’s gold reserves has gone up dramatically since it was first acquired decades ago. Selling a tiny fraction of the IMF’s gold at current market prices, to central reserve banks only – preventing the sales from impacting gold prices on the open market – would generate billions of dollars. That money could be deployed immediately to help the world’s poorest countries during these difficult times. But it is essential that these funds come without dangerous strings attached and don’t create any new debt obligations.

The IMF is meeting next weekend to come up with a plan. First, let’s make sure they hear from us that this sale is a golden opportunity to help the world’s poorest people without costing us anything at all.

Please add your name to our petition, and send a message that the world is watching and demanding the IMF take action now:

http://www.one.org/us/imfgold/

Thank you for your voice,

Josh Peck, ONE.org

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Posted: Apr 17, 2009 6:16pm

 

 
 
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Good H.
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