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  • G8 Summit 2009 - official website - Glossary
    of Europe International organisation set up under the Treaty of London on 5 May 1949 The Council comprises 47 member states and its job is to foster the creation of a common democratic and judicial area in Europe in compliance with the European Convention on Human Rights and other reference texts protecting the individual It as its headquarters in Strasbourg France Its main bodies are the Committee of Ministers the

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  • G8 Summit 2009 - official website - Glossary
    by very low levels of development There are various different ways of classifying countries with such characteristics They are generally based on the development rate and on macroeconomic variables The UNDP United Nations Development Programme has devised and has included in its Annual Report since 1990 an indicator which considers such variables in the standard of living as the Human Development Index HDI Doha Declaration Document adopted at the Fourth

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  • G8 Summit 2009 - official website - Glossary
    EU s economic and monetary policy It is totally independent in the exercise of its powers and can neither request nor accept instructions from external bodies European Commission The executive body of the European Union It operates in the Community policies sphere drafting and bringing into force the legislative acts adopted by the European Council and Parliament The Commission also handles the scheduling and implementation of the common policies administers

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  • G8 Summit 2009 - official website - Glossary
    of conduct It constitutes a source of knowledge and information it helps the developing countries and the countries in the process of transition to modernise and improve agriculture forestry and fishing and to ensure that everyone is adequately fed Its headquarters moved from Washington to Rome in 1951 The organisation has 191 member states in addition to the members of the European Community FSB Financial Stability Board Set up in

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  • G8 Summit 2009 - official website - Glossary
    observer G20 Informal organisation that promotes and supports world economic growth and development It comprises the economic affairs and finance ministers and central bank governors of 19 countries both industrialised and emerging the European Union represented by the country holding the European Council duty presidency and the ECB The 19 countries include the G7 plus Argentina Australia Brazil China India Indonesia Mexico Russia Saudi Arabia South Africa South Korea and Turkey Italy is represented at meetings by its Economic Affairs and Finance Minister and the Governor of the Bank of Italy G7 G8 Group of the world s seven most highly industrialised countries Canada France Germany Italy Japan the United Kingdom and the United States that meets once a year The first meeting dates back to 17 November 1975 when the group still did not comprise Canada which joined two years later Russia too attended the summit in 1994 launching what became known as the G7 1 but did not become an official member of the group until 1997 when the G7 turned into the G8 Global legal standard A set of rules and conventions valid for all the players on the global market establishing a new framework of shared

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  • G8 Summit 2009 - official website - Glossary
    agency The agency s headquarters are in Paris IFAD International Fund for Agricultural Development The International Fund for Agricultural Development IFAD works with poor rural people to enable them to grow and sell more food increase their incomes and determine the direction of their own lives Since 1978 IFAD has invested over US 11 billion in grants and low interest loans to developing countries empowering some 340 million people to break out of poverty IFAD is an international financial institution and a specialized UN agency based in Rome It is a unique partnership of 165 members from the Organization of the Petroleum Exporting Countries OPEC other developing countries and the Organisation for Economic Co operation and Development OECD IFI International Financial Institutions The term refers to the financial institutions set up by groups of countries and subject to international law They comprise the development banks the World Bank and the regional banks the regional authorities the IMF and the BIS and the WTO ILO International Labour Office United Nations organisation founded in 1919 to promote free equal safe working conditions respecting human dignity It drafts policies and programmes to back workers rights improve working and living conditions increase scope for

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  • G8 Summit 2009 - official website - Glossary
    by the Organisation of African Unity OAU now the African Union AU at its Lusaka Summit The NEPAD commits the African countries to creating the conditions required for sustainable development and the rooting out of poverty and urges the industrialised countries to back the initiative with financial aid it also sets out to speed up the empowerment of women in society One of its priority drives is to implement the

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  • G8 Summit 2009 - official website - Glossary
    to the growth of the world market The OECD provides a context in which governments can compare policy experience seek answers to shared problems identify good practices and coordinate national and international policies the peer review mechanism is a typical feature of it The organisation which has its headquarters in Paris has 30 full members whereas over 60 countries attend various committees as observers OPEC Organization of the Petroleum Exporting Countries The intergovernmental organisation of the petroleum exporting countries It was founded in 1960 and currently has 12 members The OPEC coordinates petroleum production policies in a bid to stabilise the market and help the producers obtain a reasonable return on their investments It also uses this policy to pursue the goal of providing purchasing countries with an efficient economical regular supply of oil Outreach In diplomatic parlance outreach countries is the term used to refer to the countries involved in the G8 s proceedings as parties consulted about sharing in or benefiting from its initiatives In general the term is used in connection with campaigns in the public and social policy spheres in particular setting out to broaden the number of parties to an initiative adopting alternative forms of

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