But multilateral cooperation has lost influence in recent years. The pandemic is therefore a warning to once again strengthen and broaden multilateralism. In the fight against the pandemic, the World Health Organization (WHO) has demonstrated – despite mobile phone number list all recent criticism – the effectiveness of multilateral cooperation. The International Monetary Fund (IMF), on the other hand, flaunts its contempt for humanity when it refuses to mobile phone number list help a country like Venezuela, which has been devastated by a social catastrophe.
The lessons are simple: more resources and more mobile phone number list democratization for the United Nations (UN) and for regional and international organizations, immediate suspension of all sanctions against countries like Iran, Cuba or Venezuela for humanitarian reasons. Debt forgiveness for vulnerable countries is needed quickly, through the IMF and the Paris Club. To this end, too, the establishment of a large international aid fund for the global South is necessary. The United Nations Conference on Trade and Development's proposal for a $2.5 trillion mobile phone number list global Marshall Plan is a step in the right direction. Any weak health system creates local residues for the virus, through which new pandemic waves will spread globally in the medium term. Transform the global financial architecture.
In the last financial crisis, those responsible - the big banks mobile phone number list and other global players - were only bailed out thanks to drastic state intervention. This experience has not stopped these sectors in their insatiable search for profits: the number of billionaires worldwide has almost doubled since 2008. Even now there have been attempts to profit from the coronavirus crisis, as speculation against the euro. Economic instruments can only to a limited extent align financial markets with the financing of public services or with green investments.