Morning multilateralism, Dec. 1

Posted By David Bosco Wednesday, December 1, 2010 - 11:26 AM Share

IMF's Lipsky insists that fears of a Euro collapse are "wildly exaggerated."

P5+1 set to meet Iranian representatives in Geneva next week.

Who should control an international climate fund? Not the World Bank or IMF, say many developing countries.

Interpol issues 'red notice' for Julian Assange.

Security Council willing to increase African Union troop level in Somalia; plus, United States takes over presidency of the U.N. Security Council today.

Will the Shanghai Cooperation Organization launch its own development bank?

Uruguay's Senate ratifies UNASUR treaty.

East Timor wants to join ASEAN next year, while Indonesia is chairing the group.

EXPLORE:AFRICA, EUROPE, DIPLOMACY, FINANCE, GLOBAL WARMING, INTERNATIONAL ORGANIZATIONS, IRAN, LAW, SOMALIA, UNITED NATIONS

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SLIGHTLY_OPTIMISTIC

12:56 PM ET

December 1, 2010

QDDR

*Climate Funds - Developing countries don't trust the IMF and the World Bank*

>poverty reduction strategies are neoliberal programs that focus on privatization," Samshudoha said. "The World Bank and IMF said that in order to reduce poverty, public services should be privatized and markets liberalized."<

*SCO might develop development fund for Central Asia*

>Chinese Premier Wen Jiabao attended the Ninth Prime Ministers' Meeting of the SCO on Nov. 25, calling for deeper financial and monetary cooperation among SCO member states and proposing to conduct research on establishing a SCO development bank.<

>Chuprin [adviser at Russia's Academy of Science] said economic cooperation among SCO members would gradually outweigh other dimensions of their activity.

>"This is Beijing's point of view that economy must go first," he said, adding the global financial crisis proved this view was correct.<

Washington is putting its faith in the new Quadrennial Diplomacy and Development Review. But will other nations put the values that the US supports ahead of their GDP? Link: To bash or not to bash