to the heads of state of the G20-nations
A Global Marshall Plan for Micro-Credits
as part of a Global Pact for Sustainability
Entry into a new quality of a global eco-social market economy
In the present crisis of the global economy the fate of the world community will be decided primarily by the degree, in which we are successful in finally securing a convincing, sustainable development for the benefit of all citizens of this earth. To this aim the consultations on systems for an improved global control of the world financial institutions are a valuable, but still far from a sufficient response.
Especially important at this time are great-hearted measures, which offer the weakest in the global community and therewith those, who are the most strongly affected by the worldwide economic crisis, direct support and perspectives. Therefore we recommend two concrete actions:
• Global Marshall Plan for worldwide, comprehensive micro-credit systems
The G20-nations should raise a joint fund, into which 10 billion US dollars be paid per year for the next three years. This money should be used exclusively to establish micro-credit organizations area-wide in all poor regions of the world, where they are not yet sufficiently available. According to the experience of the Grameen Bank and other similar institutions, 3 million US dollars are enough to establish a new micro-credit system in one region, which, as a rule, can finance itself after three years. With 30 billion US dollars 10,000 new micro-credit systems could be started in the next three years. Thus, within just three years time, it could be guaranteed that the poorest people all over the world would have access to micro-credits. In this way a perspective, which has already been field proven more than 130 million times, could be jointly created as a solution for the poverty trap.
• 10 percent earmarking for investments in social business
Presently more and more enterprises and joint ventures are being established worldwide, whose mission lies exclusively in the solution of the most pressing social problems, such as generating sustainable energy, access to clean water etc. Muhammad Yunus calls this “social business” and requested at the World Economic Forum 2009 in Davos, that at least 10 percent of all the special measures in the context of the present worldwide economic crisis should be earmarked for investments in such social businesses. We emphatically agree with this recommendation. More and more social businesses are now being established in the ecological sector, for example Grameen Shakti. Up to now they have installed 160,000 solar units in poor households in Bangladesh and by 2012 the number is to grow to 7 million. Thus social business is also an extremely attractive approach for the urgently necessary ecological shift.
These two actions also take the following situation into account: An economic recovery after the present collapse can gain a powerful and sustainable perspective far better in the backlog development of those, who have not yet gotten their fair share, than in the increase in the abundance of a minority of very rich persons. The systematic development of those two-thirds of mankind, who up to now live in poverty, is not only morally overdue, but it is, also from an economic point of view, what is necessary now. What is special about the two recommended measures: besides their immediate humanitarian effects, they are at the same time also perhaps the most intelligent and effective global promotion of the economy.
Trusting in your foresight,
First Signees: Dr. Franz Alt, Publisher;
Frithjof Finkbeiner, Head Global Marshall Plan Foundation;
Dr. Franz Fischler, former Commissioner of the European Union for Agriculture; Prof. Dr. Ashok Gangadean, Director World Commission on Global Consciousness;
Dr. Heiner Geißler, former Minister of Germany;
Celso Grecco, Founder Social Stock Exchange at BOVESPA, Brazil;
Prof. Dr. Prabhu Guptara, Head Wolfsberg Institute;
Prof. Dr. Hazel Henderson, world renowned Economist and Futurist;
Dr. Ashok Khosla, Chairman Development Alternatives and President Club of Rome;
Prof. Dr. Dr. Ervin Laszlo, President Club of Budapest;
Dr. Rupert Neudeck, Founder Cap Anamur and Grünhelme;
Dr. Christian Neugebauer, Editor-in-chief “Glocalist”;
Wolfgang Pekny, platform footprint;
Prof. Dr. Dr. Franz Josef Radermacher, Member Club of Rome and President Global Economic Network;
Peter Spiegel, Head Genisis Institute for Social Business and Impact Strategies,
Prof. Dr. Dr. Ernst U. von Weizsäcker, Co-Chair International Panel on Sustainable Resource Management