Britain's Prime Minister Gordon Brown will give his annual foreign policy speech today at the Lord Mayor's Banquet. He will be calling for the reform of international financial institutions and the forging of a new world order.
Via London (Reuters) from an excerpt from his speech, Brown calls on the alliance between Britain and the U.S. and “more broadly between Europe and the U.S” to lead global efforts to build a “stronger and more just international order.”
Brown will meet with other world leaders in Washington next week for an economic summit to discuss long-term economic solutions to the current financial crisis. According to a summary of the speech Brown will say:
"Uniquely in this global age, it is now in our power to come together so that 2008 is remembered not just for the failure of a financial crash that engulfed the world but for the resilience and optimism with which we faced the storm, endured it and prevailed, . . . "...And if we learn from our experience of turning unity of purpose into unity of action, we can together seize this moment of change in our world to create a truly global society."
Brown will set out five great challenges the world faces and he will identify five stages for tackling the economy. Brown wants immediate action to stop the spread of the financial crisis to middle-income countries, a new facility for the International Monetary Fund, an agreement on a global trade deal, and reform of the global financial system.