The IMF is about to make a decision at its annual Spring Meeting this weekend that will impact millions of people in some of the poorest countries in the world. This weekend, there is an opportunity for the IMF’s governing body to decide what to do with the proceeds from a planned sale of a small portion of their gold reserves. Will they use those funds to build up their endowment to pay their staff? Or, will they use the lion’s share of the money raised to help the global poor weather the current financial crisis?
ONE members have a strong opinion, and in just one week, more than 60,000 have signed our petition to the Managing Director of the IMF Dominique Strauss-Kahn. The petition reads:
Dear Dominique Strauss-Kahn,
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.
Yesterday, anti-poverty campaigner Bob Geldof met with Strauss-Kahn and delivered the petition. Afterward, he took a moment to record this message: