the global financial crisis, future of the dollar, and the choice for asia

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  • 8/6/2019 The Global Financial Crisis, Future of the Dollar, and the Choice for Asia

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    Vla Gjmbij Enkikdnij Drntnt*Eqvqra me vla Fmjjir*

    ikf vla Dlmnda emr Itni

    KAIR(IFBN

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    Pqbjntlaf b~

    KAIR Pratt

    KM+

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    Dmkvakvt

    Emrawmrf

    Fqdc(Cmm Dlqkg

    Mpaknkg Iffratt

    Hitilnrm Ciwin

    Tadvnmk N ? Vla Gjmbij Enkikdnij Drntnt ikf vla Rmja me vla G(20

    Vla Gjmbij Enkikdnij Drntnt ikf Raemrh me vla Nkvarkivnmkij Enkikdnij Irdlnvadvqra? Vla G(20

    ikf vla Nkvarkivnmkij Hmkavir~ Eqkf

    Tlnkon Vicign

    Raemrh me vla Nkvarkivnmkij Enkikdnij T~tvah I Cmraik Partpadvnua

    Cwiklm Tlnk

    Vla Gjmbij Enkikdnij Drntnt ikf vla Rmja me vla G(20

    Via(Ommk Cnh

    Vla Gjmbij Enkikdnij Drntnt ikf vla Tvrakgvlaknkg me Enkikdnij Ragqjivnmk

    Warkar Cihppavar

    Rmqkfvibja Fntdqttnmk

    Rndlirf K+ DmmparEik LaTlnkon VicignFamc(R~mkg ^mmkCwiklm Tlnk

    Via(Ommk CnhWmmtnc HmmkOqkg Tnc CnhTlnk(ndln EqcqfiDlijmkgplmb TqttikgcirkAnon MgiwiWarkar Cihppavar

    Tadvnmk NN? Vla Eqvqra me vla QT Fmjjir Tvikfirf

    Pitv* Pratakv* ikf Eqvqra me Ualndja Dqrrakd~ nk Aitv Itni? Tmha Aunfakda ermh Oipik* vla

    Rapqbjnd me Cmrai* ikf Vlinjikf

    Tlnk(ndln Eqcqfi

    Vla Eqvqra me vla QT Fmjjir it i Ualndja Dqrrakd~

    Oqkg Tnc Cnh

    Vla Eqvqra me vla QT Fmjjir

    Rndlirf K+ Dmmpar

    Vla Eqvqra me vla QT Fmjjir Tvikfirf

    Pavar O+ Hmrgik

    Nt vla Rakhnkbn Raif~ vm ba ik Nkvarkivnmkij Dqrrakd~=

    Taqkg(Gwik Biac

    Vla Eqvqra me vla QT Fmjjir Tvikfirf

    ^amkgtamp Rlaa

    Rmqkfvibja Fntdqttnmk

    Dlijmkgplmb Tqttikgcirk

    4

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    Dmkvakvt

    Tlnk(ndln EqcqfiOqkg Tnc Cnh

    Rndlirf K+ DmmparPavar O+ HmrgikTaqkg(Gwik Biac^amkgtamp RlaaEik LaHitilnrm CiwinAnon MgiwiIkvmnka Dlar~

    Tadvnmk NNN? Gjmbij Nhbijikdat* Itnik Dipnvij Hircavt* ikf EmrangkRatarua Pmmjnkg

    Gjmbij Nhbijikdat* Itnik Dipnvij Hircavt* ikf Emrangk Ratarua Pmmjnkg

    Fmm ^mkg ^ikg

    Gjmbij Nhbijikdat* Itnik Dipnvij Hircavt* ikf Emrangk Ratarua Pmmjnkg

    Nkdlqj Cnh

    Vla Tqbprnha Drntnt ikf Aitv Itnik Enkikdnij Dmmparivnmk

    Dlijmkgplmb Tqttikgcirk

    Gjmbij Nhbijikdat* Itnik Dipnvij Hircavt* ikf Emrangk Ratarua Pmmjnkg

    C~qkgtmm Cnh

    Wl~ Fm Aitv Itnik Dmqkvrnat Kaaf Ragnmkij Hmkavir~ Dmmparivnmk=

    Dlikgc~q Dlmn

    Rmqkfvibja Fntdqttnmk

    Hitilnrm CiwinNkdlqj CnhDlijmkgplmb TqttikgcirkFmm ^mkg ^ikgC~qkgtmm CnhDlikgc~q DlmnRndlirf K+ DmmparCwiklm TlnkLaa(^qj DlinOmkgc~q Pirc

    Tadvnmk NU? Mka Hmka~ nk Itni

    Hmkavir~ Dmmparivnmk nk Itni

    Laa(^qj Dlin

    Hmkavir~ Dmmparivnmk nk Itni

    Anon Mgiwi

    Itni Kaaft Hmra Dmmparivnmk* Kmv i Tnkgja Dqrrakd~

    Vlmhit F+ Wnjjavv

    Hmkavir~ Dmmparivnmk nk Aitv Itni

    Oqkggqk Ml

    Vla Gjmbij Enkikdnij Drntnt* Eqvqra me vla Fmjjir* ikf vla Dlmnda emr Itni

    Gmkg(Pnj Dlmn

    Rmqkfvibja Fntdqttnmk

    Birr~ AndlakgraakLaa(^qj Dlin

    6

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    Iqvlmrt ikf Dmkearakda Pirvndnpikvt

    Iqvlmrt ikf Dmkearakda Pirvndnpikvt

    Taqkg(Gwik Biac* Prmeattmr* Lmkgnc Qknuartnv~* Rapqbjnd me CmraiLaa(^qj Dlin* Prmeattmr* C~mkggn Qknuartnv~* Rapqbjnd me CmraiIkvmnka Dlar~* Admkmhnd ikf Dmhhardnij Dmqkdnjmr* Ahbitt~ me Erikda*Rapqbjnd me CmraiDlikgc~q Dlmn* Prmeattmr* H~mkgon Qknuartnv~* Rapqbjnd me CmraiGmkg(Pnj Dlmn* Taknmr Ifuntar* Cmrai Nktvnvqva me Enkikda* Rapqbjnd me CmraiFqdc(Cmm Dlqkg* Dlinr* KAIR Emqkfivnmk* Rapqbjnd me CmraiRndlirf K+Dmmpar* Prmeattmr* Liruirf Qknuartnv~* QTBirr~ Andlakgraak* Prmeattmr* Qknuartnv~ me Dijnemrkni* Barcaja~* QT

    Tlnk(ndln Eqcqfi* Prmeattmr* Qknuartnv~ me Vmc~m* OipikEik La* Ittntvikv Fnradvmr* NWAP* Dlnkata Idifah~ me Tmdnij Tdnakda* PampjatRapqbjnd me DlnkiC~qkg(Wmmc Lqr* Fapqv~ Hnkntvar* Hnkntvr~ me Tvrivag~ ikf Enkikda* Rapqbjndme CmraiWarkar Cihppavar* Rapratakvivnua nk vla Rapqbjnd me Cmrai* Ernafrndl(AbarvEmqkfivnmkHitilnrm Ciwin* Faik* Itnik Fauajmphakv Bikc Nktvnvqva* OipikNkdlqj Cnh* Prmeattmr* Tqkgc~qkcwik Qknuartnv~* Rapqbjnd me CmraiOqkg Tnc Cnh* Prmeattmr* ^mktan Qknuartnv~* Rapqbjnd me Cmrai

    C~qkgtmm Cnh* Fnradvmr* Vla Bikc me Cmrai Nktvnvqva* Rapqbjnd me CmraiVia(Ommk Cnh* Pratnfakv* Cmrai Nktvnvqva me Enkikda* Rapqbjnd me CmraiTikg Cn Hnk* Prmeattmr* Tamqj Kivnmkij Qknuartnv~* Rapqbjnd me CmraiPavar O+ Hmrgik* Taknmr Dmktqjvikv* Itnik Fauajmphakv Bikc Nktvnvqva* OipikWmmtnc Hmmk* Prmeattmr* Tamqj Kivnmkij Qknuartnv~* Rapqbjnd me CmraiAnon Mgiwi* Prmeattmr* Lnvmvtqbitln Qknuartnv~* OipikOqkggqk Ml* Prmeattmr* Cmrai Qknuartnv~* Rapqbjnd me CmraiOmkgc~q Pirc* Taknmr Ratairdl Eajjmw* Cmrai Nktvnvqva me Enkikda* Rapqbjnd meCmrai^amkgtamp Rlaa* Prmeattmr* Tamqj Kivnmkij Qknuartnv~* Rapqbjnd me CmraiCwiklm Tlnk* Prmeattmr* Cmrai Qknuartnv~* Rapqbjnd me CmraiVia~mmk Tqkg* Prmeattmr* ^mktan Qknuartnv~* Rapqbjnd me CmraiDlijmkgplmb Tqttikgcirk* Fntvnkgqntlaf Eajjmw* Vlinjikf FauajmphakvRatairdl Nktvnvqva* VlinjikfTlnkon Vicign* Prmeattmr me Admkmhndt* Mtici Qknuartnv~* OipikVlmhit F+ Wnjjavv* Prmeattmr* Djirahmkv HdCakki Dmjjaga* Djirahmkv GrifqivaQknuartnv~* QTFmm ^mkg ^ikg* Prmeattmr* C~qkg Laa Qknuartnv~* Rapqbjnd me CmraiFamc(R~mkg ^mmk* Taknmr Ratairdl Eajjmw* Cmrai Nktvnvqva emr Nkvarkivnmkij

    Admkmhnd Pmjnd~* Rapqbjnd me Cmrai

    Kmva

    Nk vlnt pqbjndivnmk* vla varh Aitv Itni nt qtaf vm raear dmjjadvnuaj~ vm vla dmqkvrnat

    me Aitv ikf Tmqvlaitv Itni+

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    Emrwirf

    Fqdc(cmm Dlqkg

    DlinrhikVla KAIR Emqkfivnmk

    Nk 2007* vla Q+T+ tqb(prnha hmrvgiga drntnt frmua nkuatvhakv bikct ikf

    dmhhardnij bikct nkvm nktmjuakd~ ikf qjvnhivaj~ tpircaf vla bnggatv gjmbij

    enkikdnij drntnt tnkda vla Graiv Faprattnmk+ Mka me vla bnggatv jattmkt ermh vla

    drntnt nt vliv vla hircav dik ba bmvl ik ikgaj ikf i fahmk* ikf vliv gmuarkhakv

    hi~ ba bmvl i tiunmr ikf i v~rikv+ Wa ijtm jairkaf vliv vla Q+T+ mr vla A+Q+*

    wlndl kmw hica qp jatt vlik 40! me vla wmrjf admkmh~* fm kmv dmhhikf vla

    gjmbij admkmh~ mk vlanr mwk+ Hmtv me ijj* vla fnhnkntlnkg einvl nk vla enkikdnijnkfqtvr~ lit jaf vm vla einjqra me vla nkvarkij bijikdnkg hadlikntht me vla wmrjft

    admkmhnat* wlndl nk vqrk lit vrnggaraf vla eijj me enkikdnij dipnvijnth+

    Haikwlnja* vla dmqkvrnat tqdl it Graiv Brnvink* Oipik ikf mvlart vliv ira

    djmtaj~ ivvidlaf vm Q+T+(jaf enkikdnij dipnvijnth eidaf hmtv fihiga wlarait

    dmqkvrnat tqdl it Dlnki vliv ira kmv djmtaj~ ivvidlaf vm Q+T+(jaf enkikdnij

    dipnvijnth hnvngivaf vla enkikdnij drntnt rajivnuaj~ wajj fqrnkg vla drntnt+ Ijtm* vla

    dmqkvrnat wnvl jirgaj~ fapakfnkg mk nhpmrvt ikf a|pmrvt mr emrangk dipnvij* vla

    dmqkvrnat wnvl jmw bnrvl rivat ikf ignkg pmpqjivnmkt ikf vla dmqkvrnat wnvla|dattnua fabv liua ijtm baak ihmkg vla lirfatv lnv fqrnkg vla drntnt+

    Nk iffnvnmk* vla enkikdnij drntnt lit ijtm tlicak qp vla kivqra me nkvarkivnmkij

    admkmhnd dmhpavnvnmk* prmunfnkg ik mppmrvqknv~ emr i rifndij tlnev nk vla

    f~kihndt bavwaak vla vrifnvnmkij grmwvl akgnkat tqdl it vla Q+T+* vla A+Q+*

    Dlnki* ikf Oipik* ikf mvlar kawj~ fauajmpnkg dmqkvrnat+

    Wnvl i vrahakfmqt aeemrv ikf dmjjibmrivnmk* vla wmrjf admkmh~ dmqjf a|vrndiva

    nvtaje ermh vla tvaapar eijj ikf gav bidc mk vla vridc+ Lmwauar* vla qkdarvinkvnattqrrmqkfnkg vla wmrjf admkmh~ tvnjj jmmht badiqta wa ijj einjaf vm pradntaj~

    prafndv vla dmqrta ikf higknvqfa me pmvakvnij rntc* ikf vla nkvarkivnmkij enkikdnij

    mrgiknzivnmkt* mk vla bmvvmh* km jmkgar liua tqeendnakv dipidnv~ vm iffratt vmqgl

    nttqat tqdl it gjmbij nhbijikdat* a|dattnua enkikdnij dipnvijnth* mr auak hmrij

    lizirf+

    Vlata qkdarvinkvnat ira emjjmwaf b~ tvrqdvqraf ikf a|vaktnua prmbjaht* ikf

    vlata prmbjaht rikga ermh vla enkikdnij ikf hmknvmrnkg t~tvah nttqat vm vla

    hmrij lizirf nttqat nk vla hircav admkmh~+ Lmwauar* wa bajnaua vliv wa dikprmunfa eqkfihakvij tmjqvnmkt vm vlata prmbjaht wlak vla radattnmk ikf enkikdnij

    fntvratt hmtvj~ badmha ijjaunivaf nk eaw ~airt+

    Hik~ me vlata prmbjaht ira ittmdnivaf wnvl vla ca~ dqrrakd~ t~tvah ,Q+T

    Emrawmrf

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    Fmjjir.* ikf vlara ira i kqhbar me fntpqvat wlavlar i kaw nkvarkivnmkij enkikdnij

    t~tvah tlmqjf ba nk pjida+ Iv vla dakvar me vlata prmbjaht* vlara ira hik~

    jnkgarnkg yqatvnmkt emr fnhnkntlnkg Q+T Fmjjir tvikfirf3 Wnjj vla fmjjir dmkvnkqa

    vm pji~ vla fmhnkikv rmja nk vla eqvqra= TFR it i ratarua dqrrakd~* NHE bmkft nk

    Dlnkata E\ rataruat= Wnjj vla fmjjir rahink tvrmkg nk vla eqvqra= ikf vla eqvqra

    me vla Aqrm= Nt vlara i dlikda emr Dlnkata ~qik mr Oipikata ~ak vm ba i ca~

    dqrrakd~= Vla dmqkvrnat wnvl i jirga ihmqkv me vla Q+T Fmjjir(bitaf ittavt ira

    ik|nmqt badiqta vla Qknvaf Tvivat hmkavir~ iqvlmrnvnat liua ~av vm ittqra vlah

    wnvl djair iktwart+

    Tnkda hmtv Aitv Itnik dmqkvrnat qta dqrrakdnat vliv ira kmv eraaj~ dmkuarvnbja*

    vlanr dqrrakdnat ira djmtaj~ jnkcaf vm vla Q+T Fmjjir+ Dlnki* emr a|ihpja* nt idmqkvr~ wlndl nt jirgaj~ taktnvnua vm vla dlikgat nk vla uijqa me Q+T Fmjjir

    badiqta me nvt hittnua nkuatvhakv nk QT fmjjir fakmhnkivaf ittavt+ Vlaraemra*

    Dlnkata gmuarkhakv nt vr~nkg vm iumnf pmvakvnij rntc* ikf* it i wi~ me iumnfnkg

    pmvakvnij rntc* vla RHB nkvarkivnmkijnzivnmk nt dmktnfaraf it ik ijvarkivnua

    haitqra+ Lmwauar* vla raij birrnar nt vla erignja enkikdnij t~tvah* ikf vlnt birrnar

    tlmqjf ba rahmuaf hmtv qrgakvj~+

    Vla KAIRIFBN Dmkearakda 200>* qkfar vla vnvja Vla Gjmbij Enkikdnij Drntnt*

    Eqvqra me vla Fmjjir* ikf vla Dlmnda me Itni* inht vm prmpmta iktwart vm vlaiemrahakvnmkaf qkdarvinkvnat ikf prmbjaht+ Nk vlnt dmkearakda wa ira atpadnijj~

    nkvaratvaf nk Itnit ratpmkta vm vla dlikgnkg nkvarkivnmkij hmkavir~ ikf enkikdnij

    mrfar+ N bajnaua vla dmkearakda wnjj prmunfa i emrqh emr prmpmtnkg uijqibja

    tqggatvnmkt ermh bmvl idifahnd ikf pridvndij partpadvnuat+

    N a|vakf h~ faapatv grivnvqfa vm mqr dm(lmtv* vla faik me vla Itnik

    Fauajmphakv Bikc Nktvnvqva* Hitilnrm Ciwin* ikf vm vla Hnkntvr~ me Tvrivag~ ikf

    Enkikda* vla Cmrai Nktvnvqva me Enkikda* vla Cmmchnk Bikc* ikf hik~ mvlar

    mrgiknzivnmkt emr vlanr eqjj tqppmrv

    Emrawmrf

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    Mpaknkg Iffratt

    Mpaknkg Iffratt

    Hitilnrm Ciwin

    Faik

    Itnik Fauajmphakv Bikc Nktvnvqva

    Hr+ Fqdc(Cmm Dlqkg* dlinr me vla KAIR Emqkfivnmk ikf emrhar hnkntvar me

    nkfqtvr~ ikf akarg~* fntvnkgqntlaf gqatvt* jifnat ikf gakvjahak* gmmf hmrknkg+

    Jav ha a|pratt h~ grivnvqfa vm ijj me ~mq emr vicnkg vnha mee ermh ~mqr bqt~

    tdlafqjat vm pirvndnpiva nk vla dmkearakda mk vla Gjmbij Enkikdnij Drntnt* Eqvqra me

    vla Fmjjir* ikf vla Dlmnda emr Itni* omnkvj~ mrgiknzaf b~ vla KAIR Emqkfivnmk

    ikf vla Itnik Fauajmphakv Bikc Nktvnvqva ,IFBN.+ Idvqijj~* vlnt nt vla tadmkfdmkearakda mrgiknzaf omnkvj~ b~ vla KAIR Emqkfivnmk ikf IFBN+ Nk Iqgqtv

    20040t+

    Vlnt drntnt nt fneearakv ermh mvlar enkikdnij drntat wa liua mbtaruaf muar vla jitv

    tauarij fadifat* kmv mkj~ nk nvt braifvl ikf higknvqfa bqv ijtm nk nvt mrngnk+ Vla

    drntnt nt gjmbij* ieeadvnkg ijhmtv ijj dmqkvrnat nk vla wmrjf* kmv oqtv i eaw* ikf nvtnhpidv nt fauitvivnkg+ Vla apndakvar me vlnt drntnt nt kmv i parnplarij dmqkvr~ bqv

    vla Qknvaf Tvivat ,QT.* wlndl nt vla jirgatv ikf hmtv dakvrij admkmh~ nk vla

    wmrjf* ikf lmha vm vla hmtv fmhnkikv gjmbij ca~ dqrrakd~vla fmjjirikf vla

    wmrjft hmtv tmplntvndivaf ikf fauajmpaf enkikdnij t~tvah+

    Tm nv nt kmv tqrprntnkg vm taa vliv vla drntnt lit gakarivaf hik~ nhpmrvikv

    fabivat ikf pmtaf tauarij hiomr dlijjakgat emr vla wmrjf admkmh~ ikf Itni+ Jav

    ha pmnkv mqv enua me vlata+

    Enrtv* vlnt drntnt lit rintaf vla yqatvnmkt me wlavlar vla Qknvaf Tvivat wnjj ba

    ibja vm rahink vla dakvrij admkmhnd pmwar nk vla pmtv(drntnt parnmf* ikf wlavlar

    ahargnkg Itniwnvl vla Pampjat Rapqbjnd me Dlnki* Nkfni* ikf ITAIK9 iv nvt

    dmrawnjj pji~ i hqdl bnggar rmja nk vla wmrjf admkmh~+ Nv ippairt vliv Aqrmpa

    wnjj kmv ba ibja vm rapjida vla QT it vla hmtv pmwareqj admkmh~* iv jaitv nk vla

    emrataaibja eqvqra* it hik~ Aqrmpaik dmqkvrnat ira ijtm tqeearnkg* parlipt hmra

    tauaraj~ vlik vla QT* ermh vla mkgmnkg gjmbij enkikdnij ikf admkmhnd drntnt+ Vla

    wmrjf taaht laifaf vmwirf i vrqj~ hqjvn(pmjir wmrjf* wlara kmv mkj~ vla QT ikf

    Aqrmpa bqv ijtm Itni wnjj nkdraitnkgj~ nkejqakda vla fauajmphakv me vla wmrjfadmkmh~ ikf enkikda* ikf wnjj nkdraitnkgj~ tlira ratpmktnbnjnv~ emr gjmbij

    admkmhnd ikf enkikdnij hikigahakv+ Nk vlnt takta* vla radakv tlnev me vla gjmbij

    emdqt iwi~ ermh vla G(7 ikf G(< vm vla G(20 nt i kivqrij ikf laijvl~

    >

    9Ittmdnivnmk me Tmqvlaitv Itnik Kivnmkt+

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    fauajmphakv+

    Tadmkf* vla drntnt lit ditv fmqbv mk vla eqvqra rmja me vla QT fmjjir it vla hmtv

    fmhnkikv ca~ dqrrakd~+ Fatpnva vla eidv vliv vla gjmbij enkikdnij drntnt mrngnkivaf

    nk vla QT* vla uijqa me vla fmjjir nt lngl badiqta me vla lngl gjmbij fahikf emr

    fmjjir jnyqnfnv~ fqa vm vla pratakda me dmqkvarpirv~ rntc* rapivrnivnmk me vla fmjjir

    bidc lmha emjjmwnkg vlafajauarignkgb~ QT enkikdnij nktvnvqvnmkt* vla

    nkdraitaf kaaf emr fmjjir jnyqnfnv~ gjmbijj~ mk vla pirv me bmvl enkikdnij

    nktvnvqvnmkt ikf kmkenkikdnij enrht dmkfqdvnkg nkvarkivnmkij bqtnkatt* ikftiea

    liuakfahikf emr fmjjirt+ Lmwauar* vla jirga pqbjnd tpakfnkg nk vla QT emr

    entdij tvnhqjqt* enkikda tadvmr tqppmrv* ikf vla binj mqv me iqvmhmbnja ikf mvlar

    enrht wnjj auakvqijj~ bair mk vla dmqkvr~t ibnjnv~ vm tarunda fabv* ikf vlnt hi~pqv vla eqvqra me vla fmjjir nkvm qkdarvink varrnvmr~+

    Vla radakv tqggatvnmk hifa b~ Gmuarkmr _lmq \nimdlqik me vla Pampjat

    Bikc me Dlnki vliv vla QT fmjjir tlmqjf ba rapjidaf b~ vla tpadnij friwnkg rnglv

    ,TFR. it vla gjmbij ratarua dqrrakd~ hi~ hica gmmf takta* iv jaitv nk vlamr~*

    ijvlmqgl nk raijnv~ vla ratarua dqrrakd~ rmja me vla fmjjir wnjj kmv gm iwi~

    ik~vnha tmmk+ Vla raitmk nt vliv vla ca~ dqrrakd~ rmja me vla fmjjir lit baak

    tqppmrvaf b~ nvt kavwmrc a|varkijnv~3 nkdqhbakd~ nkarvni3 ikf* hmra

    eqkfihakvijj~* vla faap* wnfa* ikf jnyqnf enkikdnij hircavt emr fmjjir(fakmhnkivaf nktvrqhakvt+ Nk dmkvritv* vla TFR lit baak qtaf mkj~ b~ vla

    Nkvarkivnmkij Hmkavir~ Eqkf ,NHE. ikf nvt hahbar iqvlmrnvnat jirgaj~ emr

    iddmqkvnkg pqrpmtat ikf kmv nk vla prnuiva hircavt+ Kmkavlajatt* vla rmja me vla

    fmjjir hi~ fadjnka tm nv nt qtaeqj vm dmktnfar vla eqvqra tlipa me vla nkvarkivnmkij

    hmkavir~ t~tvah+ Wnjj vla aqrm ragink nvt tvrakgvl ikf drafnbnjnv~= Wnjj vla

    rakhnkbn rnta vm badmha vla vlnrf nkvarkivnmkij ca~ dqrrakd~* ievar vla fmjjir ikf

    vla aqrm ikf tqrpittnkg vla rmja me vla ~ak= Auak vlmqgl vla ~ak nt i eqjj~

    dmkuarvnbja dqrrakd~* nv lit kmv badmha ik nkvarkivnmkij ca~ dqrrakd~+ Ijvlmqgl

    vla PRD lit radakvj~ ahbircaf mk nknvnivnuat vm nkvarkivnmkijnza vla rakhnkbn emrvrifa tavvjahakv vlrmqgl vla bikcnkg t~tvah* nv wmqjf vica i jmkg vnha emr vla

    rakhnkbn vm badmha i eqjj~ dmkuarvnbja dqrrakd~n+a+* i dqrrakd~ vm ba qtaf ikf

    vrifaf eraaj~ ikf gjmbijj~ emr bmvl dqrrakv iddmqkv ikf dipnvij iddmqkv pqrpmtat+

    Vlnt tqggatvt vliv* it Itni nt rntnkg vm badmha vla wmrjft jirgatv admkmhnd bjmd*

    vla ragnmk kaaft vm tarnmqtj~ a|pjmra vla pmttnbnjnv~ me fauajmpnkg nvt mwk

    dqrrakd~ mr dqrrakd~ bitcav+

    Vlnrf* vla drntnt lit rintaf vla yqatvnmk me wlavlar vla QT dmktqhpvnmk fadjnka

    nt i parhikakv mr i vahpmrir~ plakmhakmk+ Vla mkgmnkg drntnt nt emrdnkgifoqtvhakv me dqrrakv iddmqkv nhbijikdat nk bmvl vla QT ikf Itni fqa vm vla

    rafqdvnmk nk QT dmktqhpvnmk+ Ne vlnt nt i parhikakv mr tahnparhikakv prmdatt* nv

    lit tngknendikv nhpjndivnmkt emr grmwvl nk Itni+ Itnik dmqkvrnat dik km jmkgar raj~

    mk QT dmktqhart bankg vlanr grmwvl akgnka ikf hqtv enkf vlanr mwk tmqrdat me

    Mpaknkg Iffratt

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    Mpaknkg Iffratt

    grmwvl b~ dlikgnkg vlanr fauajmphakv pivl ermh ik a|dattnuaj~ a|pmrv(fapakfakv

    mka vm i fmhatvnd ikf ragnmkij fahikf(jaf hmfaj+ Attakvnijj~* Itni hqtv

    parhikakvj~ nkdraita dmktqhpvnmk ikf nkuatvhakv* ikf vriktemrh vla tqppj~ tnfa

    me vla admkmh~ ermh vrifibja vmwirf kmkvrifibja idvnunv~+ Tqtvinkaf a|piktnmk me

    dmktqhpvnmk rayqnrat tvrqdvqrij raemrht vm tvrakgvlak tmdnij tadvmr prmvadvnmk

    ,laijvl* afqdivnmk* paktnmk t~tvaht* ikf qkahpjm~hakv nktqrikda.* rafqda qrbik(

    rqrij nkdmha fntpirnv~* ikf nhprmua aeendnakd~ me enkikdnij nkvarhafnivnmk emr

    dmktqhart+ Nkeritvrqdvqra nkuatvhakv it wajj it nhprmuahakv nk vla nkuatvhakv

    djnhiva nt kaafaf vm tvnhqjiva nkuatvhakv nk dmqkvrnat wlara vlnt lit lit baak

    nkifayqiva mr tvigkikv+ Prmfqdvnunv~ me vla tarundat tadvmr kaaft vm ba qpgrifaf*

    it vlnt tadvmr nt vla hiomr dmhpmkakv me kmkvrifibja idvnunv~ ikf lit baak

    rajivnuaj~ waic nk Itni

    a|dapv nk Nkfni+ Ragnmkij hircav nkvagrivnmk nt attakvnijit nv tvnhqjivat hmra ragnmkij vrifa nk gmmft ikf tarundat* draivat kaw bqtnkatt

    mppmrvqknvnat* ikf eidnjnvivat hmbnjnzivnmk me ragnmkij tiunkgt emr ragnmkij

    nkuatvhakv+

    Emqrvl* vla drntnt lit rintaf vla yqatvnmk me wlavlar ahargnkg Itni tlmqjf raj~

    mk vla NHE mr i ragnmkij ratarua(pmmjnkg irrikgahakv emr drntnt prauakvnmk ikf

    ratmjqvnmk+ Vla G(20 haavnkg nk Jmkfmk igraaf vm nkdraita vla enkikdnij ratmqrdat

    me vla NHE ermh &210 bnjjnmk vm &710 bnjjnmk* ikf vla NHE nkvrmfqdaf i kaw

    enkikdnij nktvrqhakv* vla Eja|nbja Drafnv Jnka+ Jmmcnkg iv nvt radakv nkvaruakvnmktnk Aqrmpa* vla NHE ippairt vm liua badmha hmra eja|nbja* emdqtaf* ikf aeeadvnua

    vlik fqrnkg vla Itnik enkikdnij drntnt nk 9>>7(9>>

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    Mpaknkg Iffratt

    nkdmha dmqkvrnat kaaf vm ba prmvadvaf b~ hicnkg DHN mparivnmkt hmra eja|nbja nk

    i wi~ dmhpiribja vm vla NHEt Eja|nbja Drafnv Jnka+

    Enkijj~* vla QT fmjjir hi~ kmv ba tvrmkg emrauar+ Itni kaaft vm ba prapiraf emr

    auakvqij fmjjir fapradnivnmk* bagnkknkg wnvl i tarnmqt fntdqttnmk ibmqv ragnmkij

    a|dlikga riva pmjnd~ dmmrfnkivnmk+ Itnik dmqkvrnat kaaf vm fntdqtt lmw Itnik

    drmtt rivat dik rahink rajivnuaj~ tvibja nk vla auakv me i tlirp ikf ripnf

    fapradnivnmk me vla QT fmjjir iginktv Itnik dqrrakdnat+ Ermh vla partpadvnuat me

    bmvl pratarunkg hidrmadmkmhnd ikf enkikda tadvmr tvibnjnv~ ikf tadqrnkg

    nkvarkivnmkij prnda dmhpavnvnuakatt* dmmrfnkivaf dqrrakd~ ippradnivnmk nt lnglj~

    fatnribja+ Dmjjadvnua dqrrakd~ ippradnivnmk nk Itni dik ijtm eidnjnviva vla ragnmkt

    grmwvl tlnev iwi~ ermh a|dattnua a|pmrv fapakfakda mk vla QT hircav vmwirftgrmwvl jaf b~ ragnmkij fahikf ikf vla kmkvrifibjat tadvmr+ Vla nkvrmfqdvnmk me

    ik Itnik dqrrakd~ qknv* dmktntvnkg me vla ITAIK#4 dqrrakdnat ikf vla Lmkg

    Cmkg fmjjir* wnjj ba qtaeqj nk tvrakgvlaknkg vla ragnmkt pmjnd~ fnijmgqa emr

    graivar a|dlikga riva pmjnd~ dmmrfnkivnmk+

    N bajnaua vliv ijj me vlata nhpmrvikv nttqat wnjj ba fntdqttaf ikf fabivaf lara nk

    vla dmkearakda+ Lmpaeqjj~* vlata fntdqttnmkt ikf fabivat dik nfakvne~ ca~ pmjnd~

    haitqrat vm ba vicak b~ Itnik gmuarkhakvt vm idlnaua tvibja ikf tqtvinkibja

    admkmhnd grmwvl emr ijj+

    92

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    Tadvnmk N

    Vla Gjmbij Enkikdnij Drntnt ikfvla Rmja me vla G(20

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    VLA GJMBIJ ENKIKDNIJ DRNTNT IKF VLA RAEMRH ME VLA

    NKVARKIVNMKIJ ENKIKDNIJ IRDLNVADVQRA? VLA G(20 IKF

    VLA NKVARKIVNMKIJ HMKAVIR^ EQKF9

    Tlnkon Vicign

    I+ NkvrmfqdvnmkB~ lngljnglvnkg vla jnhnvivnmkt me vla a|ntvnkg nkvarkivnmkij enkikdnij irdlnvadvqra*

    vla gjmbij enkikdnij drntnt lit brmqglv vla Grmqp me Vwakv~ ,G(20. kivnmkt2 nkvm

    vla jnhajnglv it i kaw emrqh emr fntdqttnkg wmrjf admkmhnd nttqat iv vla lnglatv

    pmjnvndij jauaj+ Nk vqrk* vla G(20 tqhhnvt me laift me tviva mr gmuarkhakv nkKmuahbar 200< ,Witlnkgvmk* FD. ikf Iprnj 200> ,Jmkfmk. dijjaf emr raemrh me

    vla Nkvarkivnmkij Hmkavir~ Eqkf ,NHE.* nkdjqfnkg vla nhhafniva raemrh me nvt

    jakfnkg pmjndnat ikf vla hafnqh(varh raemrh me nvt tqruanjjikda ikf gmuarkikda+

    Wnjj vla G(20 parhikakvj~ rapjida vla Grmqp me Tauak ,G(7. ikf vla Grmqp me

    Vak ,G(90. akvnraj~ nk vla pmtv(drntnt nkvarkivnmkij enkikdnij irdlnvadvqra= Wnjj

    akfmrtahakv b~ vla G(20 jaifart ba tvrmkg akmqgl vm pqtl vla kaafaf raemrht me

    vla NHE emrwirf= Vlata ira vla nttqat N wnjj iffratt nk vlnt pipar+

    B+ Vla Eqvqra me vla G(20Gnuak nvt tauarnv~ ikf gjmbij tdija* vla mkgmnkg admkmhnd drntnt lit lngljnglvaf

    vla jnhnvivnmkt me vla G(7 ikf G(90 prmdattat vliv liua akom~af fmhnkikv

    pratakda nk vla nkvarkivnmkij enkikdnij irdlnvadvqra muar vla pitv 40 mr hmra ~airt+

    Vla G(7 ,dmktntvnkg me Dikifi* Erikda* Garhik~* Nvij~* Oipik* vla Qknvaf

    Cnkgfmh* ikf vla Qknvaf Tvivat. lit baak lmjfnkg ragqjir haavnkgt me enkikda

    hnkntvart ikf dakvrij bikc gmuarkmrt tnkda vla 9>70t3 dmkvidvt iv vla fapqvnat

    jauaj liua baak djmtar ikf hmra erayqakv+ Vla G(90 ,99 dmqkvrnat dmktntvnkg me

    vla G(7 dmqkvrnat pjqt Bajgnqh* Twafak* Twnvzarjikf* ikf vla Kavlarjikft.*mrgiknzaf nknvnijj~ it i grmqp me dmqkvrnat tqbtdrnbnkg vm vla Gakarij

    Irrikgahakvt vm Bmrrmw ,GIB. wnvlnk vla NHE nk vla 9>50t* lit* tnkda 9>76*

    ittqhaf i tvikfirf(tavvnkg rmja ihmkg dakvrij bikct vlrmqgl vla wmrc me uirnmqt

    Bitaj dmhhnvvaat+ Ihmkg vlah* vla hmtv nhpmrvikv nt vla Bitaj Dmhhnvvaa mk

    Bikcnkg Tqparuntnmk* wlndl ijtm nkdjqfat rapratakvivnmkt ermh bikc tqparuntmrt

    ,tqbtayqakvj~* Jq|ahbmqrg ikf Tpink omnkaf vla G(90 grmqp.+

    It vla gjmbij drntnt qkemjfaf* vla wmrjf wit hifa vm radmgknza vliv* gnuak vla

    ahargakda me Briznj* vla Pampjat Rapqbjnd me Dlnki ,PRD.* Nkfni* vla Rapqbjnd

    Tlnkon Vicign

    96

    9 Vlnt nt i rauntaf uartnmk me vla pipar pratakvaf iv vla KAIRIFBN dmkearakda lajf nk Tamqj mk 9 Oqka

    200>2Vla G(20 dmktntvt me 9> dmqkvrnat(vla G(7 dmqkvrnat pjqt Irgakvnki* Iqtvrijni* Briznj * vla Pampjat

    Rapqbjnd me dlnki* Nkfni* Nkfmkatni* vla Rapqbjnd me cmrai* Ha|ndm* Rqttni* Tiqfn Iribni* Tmqvl Ierndi*

    ikf Vqrca~ikf vla Aqrmpaik Qknmk+

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    me Cmrai ,lakdaemrvl Cmrai.* ikf mvlar dmqkvrnat it kaw admkmhnd pmwart* vla G(

    7 ikf vla G(90 wara km jmkgar ifayqiva vm faij wnvl admkmhnd ikf enkikdnij

    nttqat me gjmbij fnhaktnmkt+ Nktvaif* vla G(20* wlndl lif baak atvibjntlaf iv vla

    G(7 enkikda hnkntvart haavnkg nk Tapvahbar 9>>>* vmmc dakvar tviga wnvl i

    Kmuahbar 200< tqhhnv nk Witlnkgvmk* FD+ Vlak* nk 200>* vla Bitaj Dmhhnvvaa

    nkunvaf ijj kmk(Bitaj hahbart me vla G(20 ,pjqt Tnkgipmra ikf Lmkg Cmkg*

    Dlnki. vm omnk* vlqt hicnkg vla vmvij hahbartlnp 27+ Vla G(7 dmkvnkqat vm a|ntv*

    vlmqgl wnvl fnhnkntlaf nkejqakda* wlnja vla G(90 lit unrvqijj~ daitaf vm a|ntv

    a|dapv it i kmhnkij bmf~ me dmqkvrnat pirvndnpivnkg nk vla GIB+

    Fm vlata fauajmphakvt haik vliv vla G(20 ,mr nvt a|pikfaf uartnmk* wnvl vla

    iffnvnmk me tauarij enkikdnijj~ nhpmrvikv admkmhnat. wnjj ba iv vla dakvar me vlakaw ahargnkg nkvarkivnmkij enkikdnij irdlnvadvqra=

    Vla ahargakda me uirnmqt ijplikqharnd grmqpt ,tqdl it vla G(7 ikf vla G(90.

    nk vla nkvarkivnmkij enkikdnij irdlnvadvqra nt ik mqvdmha me vla nkaeeadvnuakatt me

    tqprikivnmkij mrgiknzivnmkt ,tqdl it vla NHE. it fadntnmk(hicnkg bmfnat+

    Ijvlmqgl tqprikivnmkij mrgiknzivnmkt akom~ rapratakvivnmk ikf jagnvnhid~* vla~

    ira jnhnvaf nk vlanr ibnjnv~ vm hica fadntnmkt yqndcj~ ,mr hica ik~ fadntnmkt iv ijj.

    gnuak vla tnza ikf fnuartnv~ me vlanr hahbartlnp+ Vlmqgl jnhnvaf nk rapratakvivnmk

    ikf jagnvnhid~* thijjar nkvargmuarkhakv grmqpt dik idv hmra yqndcj~ qkfardarvink dmkfnvnmkt+ Qtqijj~* vlata dmkfnvnmkt nkdjqfa i tqeendnakvj~ thijj

    hahbartlnp* ikf mka vliv nt rajivnuaj~ lmhmgakamqt nk varht me jauaj me

    fauajmphakv ikf plnjmtmpl~+

    Vla G(20 nt kmv jncaj~ vm vica vla pjida me vla G(7 mr G(90 badiqta nv fmat kmv

    haav anvlar me vlata drnvarni me aeeadvnuakattnv nt vmm jirga ikf kmv tqeendnakvj~

    lmhmgakamqt+ I grmqp me 9> mr 27 tmuarangk dmqkvrnat nt vmm jirga vm ba aeeadvnua

    mr aeendnakv it i hadliknth me fadntnmk hicnkg3 i bmf~ vliv nkdjqfat vla Qknvaf

    Tvivat mk vla mka likf ikf vla PRD mr Nkfni mk vla mvlar nt vmm fnuarta vm baratpmktnua ikf eja|nbja mk fnuntnua nttqat+ Fatpnva vla mqvwirf fahmktvrivnmk me

    tmjnfirnv~ ikf ratpmktnuakatt tlmwk b~ vla G(20 jaifart mk vla jitv vwm

    mdditnmkt* i djmta a|ihnkivnmk tlmwt vliv vla G(20 prmdatt lit tm eir prmfqdaf

    jnvvja me tqbtvikda+

    Auak nk varht me tlmwhiktlnp* wa dikkmv qta vla a|vrimrfnkir~ dnrdqhtvikda

    me vla pitv tauarij hmkvlt it vla gqnfa emr prafndvnkg lmw vla G(20 prmdatt hi~

    wmrc nk vla eqvqra+ Emr a|ihpja* wlak vla nkvaratvt me vla G(7 dmqkvrnat ikf vlmta

    me vla PRD ikf Nkfni fneear tqbtvikvnijj~ mk drnvndij nttqat

    it nt jncaj~ mk hik~nttqatlmw wnjj vla G(20 ratmjua vla fneearakdat= Mkda vla gjmbij drntnt nt muar*

    vla takta me dmlatnmk vliv ippairt vm a|ntv kmw hi~ wajj ba jmtv+ Vla dqrrakv

    vrmnci emrh me jaifartlnp* nk wlndl vla ratpmktnbnjnv~ emr igakfi tavvnkg nt rmvivaf

    ermh ~air vm ~air* hi~ ba i knda faunda emr darahmknij paremrhikda bqv nv nt i

    Nkvarkivnmkij enkikdnij irdlnvadvqra? { hmkavir~ eqkf

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    radnpa emr nkaeeadvnuakatt ikf nrrajauikda wlara tqbtvikda hivvart+ Vla graivatv

    waickatt me tqdl i t~tvah nt vliv vla nkumjuahakv me vla hmtv nhpmrvikv dmqkvrnat

    nk vla igakfi(tavvnkg prmdatt nt kmv ittqraf+

    Vla G(20 it ik akvnv~ prmbibj~ wnjj kmv daita vm a|ntv ik~ vnha tmmk* bqv vla

    rmja nv pji~t wnjj jncaj~ ba jirgaj~ darahmknij+ Nhpmrvikv fadntnmkt wnjj jncaj~ ba

    hifa nk i thijjar grmqpnkg me dmqkvrnatparlipt fneearakv grmqpt wnjj aharga

    emr fneearakv tavt me nttqat+ Nk eidv* vlnt nt a|idvj~ wliv lippakaf nk JIyqnji*

    Nvij~ nk Oqj~ 200>+ Emjjmwnkg vla Grmqp me Anglv ,G( ijtm igraaf mk i

    kaw ijjmdivnmk me tpadnij friwnkg rnglvt ,TFRt. ihmqkvnkg vm ibmqv &210 bnjjnmk+

    Nk iffnvnmk* vla NHE nt nk vla prmdatt me tavvnkg qp ik irrikgahakv wlarab~

    hahbar dmqkvrnat dik pqrdlita kmvat nv nttqat+ Vla PRD ,qp vm &10 bnjjnmk.*

    Briznj ikf Rqttni ,qp vm &90 bnjjnmk aidl.* ikf mvlart liua a|prattaf nkvaratv nk

    pirvndnpivnkg nk tqdl i tdlaha wlak nv badmhat mparivnmkij+ Tadmkf* pirijjaj vmvlata fauajmphakvt lit baak wliv vla NHE hikignkg fnradvmr lit dijjaf i

    hmfarknzivnmkme dmkfnvnmkijnv~* fatngkaf vm rahmua vlatvnghiivvidlaf vm

    NHE bmrrmwnkg+

    Tlnkon Vicign

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    Dmkfnvnmkijnv~ lit ijwi~t baak i dmkvrmuartnij itpadv me NHE jakfnkg* bqv

    atpadnijj~ tnkda vla Itnik drntnt me 9>>7(9>>< wlak vla NHE wit fntdrafnvaf emr

    wliv hik~ dmktnfaraf vm ba nkipprmprniva varht me hidrmadmkmhnd ikf tvrqdvqrij

    dmkfnvnmkijnv~+ Atpadnijj~ nk Nkfmkatni* bqv ijtm nk Cmrai* vla NHE drntnt

    hikigahakv prmgriht dijjaf kmv mkj~ emr vnglv entdij ikf hmkavir~ pmjndnat* it

    dqtvmhir~* bqv ijtm emr tvrqdvqrij raemrht nk irait vliv tmha vlmqglv wara kmv

    eqkfihakvij vm ratmjunkg vla drntat ,Nkfapakfakv Auijqivnmk Meenda SNAMX 2004.+

    Iv vliv vnha* hik~ dmqkvrnat* atpadnijj~ nk Itni* umwaf kauar vm bmrrmw ermh vla

    NHE ikf bagik vm iddqhqjiva emrangk a|dlikga rataruat it ik nktqrikda iginktv i

    tqffak ejnglv me dipnvij+ Dmqpjaf wnvl vla pjakvneqj tqppj~ me nkvarkivnmkij

    jnyqnfnv~ nk vla airj~ vm hnf(2000t* vla NHE jmtv nvt dqtvmhart ikf emqkf nvtaje nk

    tarnmqt enkikdnij fneendqjv~+ It radakvj~ it airj~ 200< nv jiqkdlaf vla prmdatt medqvvnkg vla tnza me nvt tviee b~ tmha 100 pampja ikf tmqglv vm enkf i fneearakv

    bqtnkatt hmfaj vm tqtvink nvtaje+

    Ijvlmqgl vla gjmbij enkikdnij drntnt brmqglv tmha jakfnkg bqtnkatt bidc* vla

    NHE fadnfaf vm hica nvt jakfnkg eidnjnvnat auak hmra ivvridvnua vm drntnt

    bmrrmwart+ Vla kawj~ atvibjntlaf Eja|nbja Drafnv Jnka ,EDJ.* emr prayqijnenaf

    tvrmkg paremrhnkgadmkmhnat* lit fmka iwi~ wnvl dmkfnvnmkijnv~ it wa ckmw

    nv+ Vla EDJ rapjidaf vla airjnar Tlmrv(Varh Jnyqnfnv~ Eidnjnv~ ,TJE.* atvibjntlaf

    nk jiva 200< vm ratpmkf vm vla gjmbij drntnt* b~ ajnhnkivnkg eaivqrat qkfatnribja vmpmvakvnij bmrrmwartvla TJEt dippaf iddatt ikf tlmrv rapi~hakv parnmf* it

    wajj it vla nkibnjnv~ vm qta nv mk i pradiqvnmkir~ bitnt+ Vla EDJ lit ijraif~

    ivvridvaf Dmjmhbni* Ha|ndm* ikf Pmjikf it dqtvmhart* nk tlirp dmkvritv vm vla

    praunmqt Dmkvnkgakv Drafnv Jnka ,DDJ. vliv einjaf vm ivvridv i tnkgja bmrrmwar+

    Dmkfnvnmkijnv~ wit ijtm hmfarknzaf emr mvlar a|ntvnkg jakfnkg eidnjnvnat+ Nk i

    pmjnd~ ipprmuaf b~ vla a|adqvnua bmirf nk Hirdl 200>* vla NHE kmw rajnat jatt

    mklirfdmkfnvnmkijnv~ emr nvt jakfnkg3 nktvaif* nv rajnathmra mk pra(tav

    yqijnendivnmk drnvarni ,a|(ikva dmkfnvnmkijnv~. rivlar vlik mk vrifnvnmkij ,a| pmtv.dmkfnvnmkijnv~+Tvrqdvqrij raemrht ira hmknvmraf nk vla dmkva|v me prmgrih

    raunawt* ikf vla qta me tvrqdvqrij paremrhikda drnvarni wit fntdmkvnkqaf nk ijj

    irrikgahakvt* nkdjqfnkg vlmta wnvl jmw(nkdmha dmqkvrnat+ Vla NHE wmqjf liua

    jncaf vm gm auak eqrvlar vm ajnhnkiva yqikvnvivnua paremrhikda drnvarni emr

    hidrmadmkmhnd pmjnd~ uirnibjat* bqv km dmktaktqt wit raidlaf vm hica vla

    dlikga+

    Vlata fauajmphakvt pmta tmha yqatvnmkt+ Emr a|ihpja* tlmqjf vla nkvarkivnmkij

    dmhhqknv~ wajdmha vla hmfarknzivnmk me dmkfnvnmkijnv~ it i tvap raejadvnua mevla kaw admkmhnd raijnv~drntat ira jatt lmhagrmwk ikf vla wmrjf nt tm

    nkvardmkkadvaf vliv ik nkvarkivnmkij jakfar me jitv ratmrv wmqjf bakaenv kmv oqtv vla

    bmrrmwar bqv ijtm auar~mka ajta= Mr tlmqjf wa vlnkc me vlata fauajmphakvt it i

    fikgarmqt hmua vliv wmqjf jaif vm ik auak bnggar hmrij lizirf emr bmvl

    Nkvarkivnmkij enkikdnij irdlnvadvqra? { hmkavir~ eqkf

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    gmuarkhakvt ikf nkvarkivnmkij nkuatvmrt= Ermh vla pmnkv me unaw me Itni* ira

    vlata dlikgat tqeendnakv vm rahmua vla tvnghi ivvidlaf vm NHE bmrrmwnkg ikf

    hica nv jatt dmhpajjnkg vm liua i ragnmkij enkikdnkg eidnjnv~ nk vla emrh me vla

    hqjvnjivarijnzaf Dlnikg Hin Nknvnivnua=

    F+ Nkvarkivnmkij Hmkavir~ Eqk f Tqruanjjikda RaemrhTvrakgvlaknkg NHE tqruanjjikda lit baak i dmktvikv vlaha* iv jaitv tnkda vla

    Ha|ndik drntnt me 9>>6(9>>1+ I kqhbar me nknvnivnuat liua baak vicak muar vla

    nkvaruaknkg ~airt* nkdjqfnkg vla atvibjntlhakv me vla Gakarij Fivi Fnttahnkivnmk

    T~tvah nk 9>>7* vla Tpadnij Fivi Fnttahnkivnmk Tvikfirf nk 9>>5* vla Enkikdnij

    Tadvmr Ittatthakv Prmgrih nk 9>>>* ikf vla aeemrvt wnvlnk vla NHE vm nkdraita nvtenkikdnij hircav a|parvnta+ Vla rapaivaf hikvri* iv jaitv tnkda vla Drmw Rapmrv

    ,Drmw* Irrnizq* ikf Vl~gatak 9>>>.* lit baaknhprmua enkikdnij tqruanjjikda*

    emjjmwaf b~nkvagriva enkikdnij wnvl hidrmadmkmhnd tqruanjjikda+Nk vlnt

    ratpadv* vla G(20 dijj emr tvrakgvlaknkg NHE tqruanjjikda nt kmv uar~ lajpeqj

    badiqta nv gnuat km tpadnendt me lmw vm fm nv+

    Badiqta hqdl lit ijraif~ baak fmkatqddatteqjj~ ikf qktqddatteqjj~vm

    tvrakgvlak NHE tqruanjjikda* nv nt fneendqjv vm vlnkc me iffnvnmkij haitqrat+ Vlmta

    iv vla NHE hqtv ckmw vliv vlara nt kmv hqdl hmra vla~ dik fm* iv jaitv wnvl vlavmmjt vla~ liua+ Vla~ liua kmv mboadvaf vm vla G(20 ifhmknvnmk mkj~ emr tvrivagnd

    raitmkt ,nv nt i bif nfai vm fntigraa wnvl vla G(20* atpadnijj~ iv vlnt vnha.* ikf vla

    NHE* ik nktvnvqvnmk vliv lif mkda baak vlmqglv nrrajauikv* nt kmw bankg itcaf vm

    fm hmra) Nv nt ifuikvigamqt vm ba vlmqglv me it nkifayqiva iv vlnt vnha badiqta* nk

    tqdl dnrdqhtvikdat* vla NHE hi~ ba gnuak graivar ratmqrdat ikf ba ibja vm

    nkdraita vla tnza me nvt tviee igink+ Nk ik~ dita* baemra eqrvlar dmkdrava idvnmk dik

    ba vicak vm tvrakgvlak NHE tqruanjjikda* wa hqtv enrtv favarhnka wliv wakv

    wrmkg nk vla NHEt einjqra vm nfakvne~ vla uqjkaribnjnvnat vliv auakvqijj~

    dmkvrnbqvaf vm vla dqrrakv drntnt+

    Eqkfihakvijj~* hicnkg eqrvlar prmgratt nt fneendqjv pradntaj~ badiqta enkikdnij

    tqruanjjikda nt fneendqjv* atpadnijj~ emr ik nkvarkivnmkij mrgiknzivnmk+ Ne enkikdnij

    tqruanjjikda nt fneendqjv* nkvagrivnkg nv wnvl hidrmadmkmhnd tqruanjjikda nt auak

    hmra fneendqjv+ Ik nkvarkivnmkij mrgiknzivnmk tnhpj~ fmat kmv liua vla vmmjt vliv

    vla kivnmkij gmuarkhakvt liua vm a|ihnka vla bmmct me enkikdnij nktvnvqvnmkt ikf

    mvlar hircav pirvndnpikvt+ B~ vlanr uar~ kivqra* fivi rajivaf vm enkikdnij

    vriktidvnmkt nkdjqfnkg vla yqijnv~ me ittavt* hircav a|padvivnmkt* vla

    drafnvwmrvlnkatt me bmrrmwart* ikf vla dmhpja|nv~ me farnuivnua pmtnvnmkt

    iraprnuiva vm vlmta wlm idvqijj~ akgiga nk vla vriktidvnmkt+ Kivnmkij iqvlmrnvnat*

    ijbanv wnvl tmha vnha jig* hi~ ba ibja vm qkdmuar tmha me vla nkemrhivnmk

    vlrmqgl jagij haikt3 nkvarkivnmkij mrgiknzivnmkt ira eir vmm rahmuaf vm mbvink

    rajauikv nkemrhivnmk nk i vnhaj~ hikkar+ Mka tlmqjf kmv a|padv vmm hqdl ermh

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    nkvarkivnmkij mrgiknzivnmkt nk vla irai me enkikdnij tqruanjjikda ,qkjatt me dmqrta

    vla~ ira eqjj~ ikf a|pafnvnmqtj~ tqppjnaf wnvl ijj rajauikv nkemrhivnmk b~ kivnmkij

    iqvlmrnvnat.+

    Vlara nt* lmwauar* ik irai nk wlndl nkvarkivnmkij mrgiknzivnmkt* tqdl it vla

    NHE* dik iff uijqa nk enkikdnij tqruanjjikda? vm taa lmw kivnmkij hircavt ira

    dmkkadvaf wnvl aidl mvlar ikf vm qkdmuar uqjkaribnjnvnat vliv ratqjv ermh drmtt(

    bmrfar tpnjjmuart+ Vla NHE dik paremrh vlnt vitc mkj~ nk dmmparivnmk wnvl

    kivnmkij iqvlmrnvnat vliv ira wnjjnkg vm prmunfa vnhaj~ fivi+ Hmramuar* vla NHE nt

    likfndippaf b~ vla jidc me jagij hikfiva mr oqrntfndvnmk muar drmtt(bmrfar dipnvij

    ,mr nkvarkivnmkij enkikdnij. vriktidvnmkt+ Vm gnua vla NHE oqrntfndvnmk muar

    nkvarkivnmkij enkikdnij vriktidvnmkt wmqjf rayqnra ik ihakfhakv me vla NHEIrvndjat me Igraahakv+ Vla G(20 tqhhnvt hifa tmha raearakda vm vla kaaf vm

    raunaw vla hikfiva me nkvarkivnmkij enkikdnij nktvnvqvnmkt+ Gnuak vla fnuartnv~ me

    mpnknmk mk vla rmja me vla NHE nk vla nkvarkivnmkij enkikdnij irdlnvadvqra* lmwauar*

    lmw yqndcj~ vla faendnakd~ nk vla NHEt vmmjcnv wnjj ba iffrattaf nk vla dmkva|v

    me ihakfnkg vla Irvndjat me Igraahakv rahinkt qkdarvink+

    A+ Nkvarkivnmkij Hmkavir~ Eqkf Gmuarkikda RaemrhVla G(20 tqhhnvt tvrattaf vla kaaf vm nkdraita vla umnda ikf rapratakvivnmk mekaw admkmhnd pmwart nk vla gmuarkikda me vla NHE+ Nk vlnt dmkva|v* wliv lit

    baak idlnauaf nk vla 2005 ikf 200< yqmvi raemrht nt fntippmnkvnkg? vla wanglv me

    AQ(91 lit fadjnkaf mkj~ b~ ibmqv 0+5!* wlnja vliv me Itni ikf vla Pidnend lit

    rntak b~ ibmqv 9+1!+ Vla G(20 tqhhnvt dijjaf emr vla ka|v rmqkf me yqmvi raemrh

    vm ba dmhpjavaf b~ 2099 bqv* gnuak vla ratntvikda me dmqkvrnat vliv ira tav vm jmta

    umnda* vla pida me raemrh dik mkj~ ba a|padvaf vm ba nkdrahakvij+ Wa tiw i

    gjnhpta me vla a|vakv me vla jncaj~ ratntvikda nk vla Iprnj 200> haavnkg me vla

    Nkvarkivnmkij Hmkavir~ ikf Enkikdnij Dmhhnvvaa* i hnkntvarnij ifuntmr~ bmf~ vm

    vla NHE* wlara NHE gmuarkikda raemrh wit nknvnijj~ kmv pqv mk vla igakfi* auakvlmqgl vla haavnkg nhhafnivaj~ emjjmwaf vla G(20 tqhhnv ikf wit vnhaf wnvl

    vla rajaita me vla Hikqaj Rapmrv ,Hikqaj av ij+ 200>.+

    Rapratakvivnmk raemrh nt nhpmrvikv vm hinkvink ,mr ratvmra. vla jagnvnhid~ me vla

    NHE* bqv nv dikkmv b~ nvtaje ba a|padvaf vm nhprmua nvt aeeadvnuakatt mr rajauikda+

    Hmra mevak vlik kmv* vla NHE nt hikigaf vlrmqgl dmktaktqt3 riraj~ fmat vla NHE

    a|adqvnua bmirf vica i emrhij umva nk nvt fadntnmkt+ Emr vlnt raitmk* vla 200 iddapvaf vla nfai nk prnkdnpja bqv rahinkaf hmra gakarij ibmqv vla

    pradnta hmfijnv~ me nkdraitnkg hnkntvarnij nkumjuahakv b~ tnhpj~ akfmrtnkg vlanfai me gnunkgdmktnfarivnmkvmgraivar nkumjuahakv me vla Eqkft Gmuarkmrt

    nk prmunfnkg tvrivagnd fnradvnmk vm vla NHE ikf nkdraitnkg nvt iddmqkvibnjnv~+

    Graivar hnkntvarnij nkumjuahakv hi~ wajj nkdraita vla aeeadvnuakatt me vla NHE

    it i fadntnmk(hicnkg bmf~ ikf* lakda* nvt rajauikda+ Lmwauar* vla dma|ntvakda me

    nkemrhij nkvargmuarkhakvij grmqpt wnvl emrhij tqprikivnmkij nktvnvqvnmkt vliv

    kmw dliridvarnzat vla nkvarkivnmkij enkikdnij irdlnvadvqra wnjj mkj~ daita ne vla

    dmhpmtnvnmk me vla dmqkdnj ,mr i radmktvrqdvaf Nkvarkivnmkij Hmkavir~ ikf

    Enkikdnij Dmhhnvvaa* wnvl a|pjndnv tqparuntmr~ iqvlmrnv~. dmnkdnfat wnvl vladmhpmtnvnmk me vla G(20 ,mr tmha mvlar bmf~ vliv rapjidat vla G(7 mr vla G(90.+

    Vlnt nt qkjncaj~ vm lippak* lmwauar* it jmkg it Aqrmpa dmkvnkqat vm akom~

    fntprmpmrvnmkiva rapratakvivnmk ikf unrvqijj~ km Ierndik dmqkvr~ nt i hahbar me

    vla G(20+

    E+ DmkdjqtnmkVla radakv gjmbij enkikdnij drntnt lit brmqglv vla G(20 nkvm vla jnhajnglv* ikf

    lngljnglvaf vla kaaf emr NHE raemrht nk vla irait me tqruanjjikda ikf gmuarkikda+Wlnja vla nkejqakda me vla G(7 lit fnhnkntlaf ikf vla G(90 lit unrvqijj~ daitaf

    vm a|ntv* vla pjida vla G(20 nt jncaj~ vm mddqp~ nk vla kaw nkvarkivnmkij enkikdnij

    irdlnvadvqra wnjj kmv ba i rapjndi me vla G(7 mr vla G(90 nk vla mjf ragnhavla G(

    20 nt vmm jirga ikf vmm fnuartnenaf i grmqp vm ba ik aeeadvnua fadntnmk hicar+ N

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    liua irgqaf vliv* nk vla ahargnkg nkvarkivnmkij enkikdnij irdlnvadvqra* fneearakv

    grmqpt me dmqkvrnat ira jncaj~ vm ba emrhaf vm fntdqtt fneearakv tavt me nttqat*

    parlipt wnvl vla G(20 idvnkg it ik qhbrajji+

    Vla kaaf vm tvrakgvlak NHE tqruanjjikda lit baak i dmktvikv vlaha tnkda vla

    Ha|ndik drntnt+ Wnvl vla hik~ nknvnivnuat vliv liua ijraif~ baak vicak muar vla

    nkvaruaknkg ~airt* nv nt kmv djair wliv tlmqjf ba fmka ka|v+ Enkikdnij tqruanjjikda

    nt i fneendqjv vitc emr ik nkvarkivnmkij mrgiknzivnmk* ikf vla NHE nt ijtm

    likfndippaf b~ vla jidc me oqrntfndvnmk muar drmtt(bmrfar dipnvij vriktidvnmkt+ Vm

    tvrakgvlak NHE tqruanjjikda nk vlnt irai wmqjf rayqnra ik ihakfhakv me vla

    Irvndjat me Igraahakv+ Vlmqgl vla G(20 tqhhnv ippairt vm liua akfmrtaf vla

    nfai me ihakfnkg vla irvndjat* gnuak vla fnuarta mpnknmk vliv a|ntvt ihmkg vlahahbartlnp* raidlnkg igraahakv wnjj kmv ba ait~+

    Ayqijj~ fneendqjv vm pqtl emrwirf wmqjf ba vla raemrh me NHE gmuarkikda+ Vla

    umnda raemrh* nkumjunkg vla raijngkhakv me umvat vm raejadv vla kaw admkmhnd

    raijnv~* nt i zarm(tqh giha ikf vlaraemra dik mkj~ ba i tjmw prmdatt+ Ikmvlar

    itpadv me vla NHE gmuarkikda raemrh nt vm nkdraita vla nkumjuahakv me taknmr

    pmjnd~ hicart nk vla nktvnvqvnmk* ik nfai vla G(20 tqhhnv brmifj~ akfmrtaf+ Lara*

    vmm* vlara nt i fnuartnv~ me mpnknmk* wnvl tmha dmqkvrnat kmv tm caak mk gnunkg vla

    NHE ik~ hmra iqvlmrnv~ vlik nv ijraif~ lit+ Ne kmvlnkg tqbtvikvnij lippakt iv vlaNHE muar vla dmhnkg hmkvlt* vla pratvnga me vla G(20 hi~ tqeear+ Wliv fmat nv

    haik emr i grmqp me dmqkvnat vliv dmktvnvqva tmha >+ A|varkij Auijqivnmk me NHETqruanjjikda+ Nkvarkivnmkij Hmkavir~ Eqkf ,NHE.+

    Nkfapakfakv Auijqivnmk Meenda+ 2004+ Vla NHE ikf Radakv Dipnvij Iddmqkv

    Drntat? Nkfmkatni* Cmrai ikf Briznj+ Auijqivnmk rapmrv+ NHE+

    ]]]]+ 200+ Rapmrv me vla Dmhhnvvaa me Ahnkakv Partmkt mk NHE

    Gmuarkikda Raemrh+ NHE+

    Nkvarkivnmkij enkikdnij irdlnvadvqra? { hmkavir~ eqkf

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    RAEMRH ME VLA NKVARKIVNMKIJ ENKIKDNIJ T^TVAH I

    CMRAIK PARTPADVNUA

    Cwiklm Tlnk

    Vla gjmbij enkikdnij drntnt vliv tvirvaf nk 2007 laiunj~ nkejqakdaf vla wmrjf

    admkmh~+ Vla Cmraik admkmh~ wit kmv ik a|dapvnmk* ikf vla wmk fapradnivaf

    b~

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    pji~ vlnt rmja bqv lit baak prmuak kmv vm ba aeeadvnua+ Nk eidv* vla tlirp

    fapradnivnmk me vla wmk wit tvmppaf wlak vla QT Eafarij Ratarua igraaf vm i

    twip dmkvridv me &4 bnjjnmk wnvl vla Bikc me Cmrai nk Mdvmbar 200.+

    Wliv mvlar mpvnmkt fm ahargnkg admkmhnat tqdl Cmrai liua= Vla enrtv

    pmttnbnjnv~ nt vm iddqhqjiva hmra emrangk rataruat+ Lmwauar* vlnt lit i dmtv*

    atpadnijj~ nk Cmrait dita wlara pqrdlitat me emrangk rataruat ira enkikdaf b~

    tajjnkg wmk(fakmhnkivaf bmkft+ Dmtvt iddrqa it jmkg it vlara nt ik nkvaratv riva

    fneearakda bavwaak fmjjir(fakmhnkivaf bmkft ikf wmk(fakmhnkivaf bmkft+

    Lmjfnkg hmra rataruat nt ijtm rntc~ it vla nkvarkivnmkij uijqa me vla ratarua

    dqrrakd~ uirnat muar vnha+ Tadmkfj~* Cmrai hi~ vr~ vm nkvarkivnmkijnza nvt

    dqrrakd~9+ Mkda vla dqrrakd~ nt nkvarkivnmkijnzaf* Cmrai hi~ lmpa vliv nvt

    a|varkij enkikdnkg nt mbvinkaf vlrmqgl wmk(fakmhnkivaf ittavt tm vliv nv fmat kmvliua vm tqeear ermh i dqrrakd~ hnthivdl prmbjah+ Lmwauar* nkvarkivnmkijnzivnmk

    me i dqrrakd~ nt lirfj~ idlnauaf vlrmqgl pmjnd~ akemrdahakvt* ikf nvt tqddatt nt

    hinkj~ ittmdnivaf wnvl hircav eqkfihakvijt* wlndl ira kmv jncaj~ vm ba tivntenaf

    nk vla tlmrv varh+

    Enkijj~* Itnik dmqkvrnat hi~ taac vm emrh i kaw nkvarkivnmkij nktvnvqvnmk vliv

    dik rapjida mr iv jaitv dmhpjahakv vla NHE nk Itni+ Vla dqrrakv gjmbij drntnt

    rakawt nkvaratv nk hmkavir~ dmmparivnmk ihmkg Itnik dmqkvrnat+ It pmnkvaf mqv

    b~ Pirc ikf Tlnk ,200>.* ratarua dqrrakd~ dmqkvrnat tqdl it vla QT akom~tqbtvikvnij prnunjagat it tqppjnart me gjmbij jnyqnfnv~+ Dqrrakvj~ kmka me vla Itnik

    dqrrakdnat yqijne~ it i ca~ nkvarkivnmkij dqrrakd~* bqv ne Itnik dmqkvrnat pmmj vla

    emrangk rataruat vla~ lmjf* mr ne vla~ tqddaaf nk draivnkg i dmhhmk Itnik

    dqrrakd~* nv nt a|padvaf vliv vla~ wnjj ijtm ba ibja vm tav qp i prmpar nktvnvqvnmk

    vliv dik prmunfa nkvarkivnmkij jnyqnfnv~ nk ik ipprmprniva wi~+

    Raearakdat

    Mbtveajf* H+ 200>+ Jakfart me Jitv Ratmrv nk i Gjmbijnzaf Wmrjf+ hnham+ Pirc*^+D+ ikf C+ Tlnk+ 200>+ Nkvarkivnmkijnzivnmk me Dqrrakd~ nk Aitv Itni?

    Nhpjndivnmkt emr Ragnmkij Hmkavir~ ikf Enkikdnij Dmmparivnmk+ hnham+

    Raemrh me vla nkvarkivnmkij enkikdnij t~tvah ( i Cmraik partpadvnua

    24

    9 Taa Pirc ikf Tlnk ,200>. emr vla prmt ikf dmkt me vla radakv ivvahpvt hifa b~ Itnik dmqkvrnat it wajj

    it Cmrai vm nkvarkivnmkijnza vlanr dqrrakdnat+

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    VLA GJMBIJ ENKIKDNIJ DRNTNT IKF VLA RMJA ME VLA G(20

    Via(Ommk Cnh

    9+ Lmw jmkg ik f lmw f aap wnjj vla gjmbij enkikdnij drntnt ba=Ievar tlmwnkg onvvart nk Eabrqir~ ikf airj~ Hirdl 200> ermh i pmvakvnij drntnt nk

    Aitvark Aqrmpa ikf pmvakvnij eqrvlar jmttat iv gjmbij enkikdnij nktvnvqvnmkt* gjmbij

    enkikdnij hircavt liua baak tvibnjnznkg tnkda hnf(Hirdl+ Lmwauar* vlara rahink

    dmkdarkt vliv i undnmqt dnrdja wnjj ratqjv ermh vla mkgmnkg tvigkivnmk nk vla raij

    admkmh~+ Vla partntvnkg tvigkivnmk lit baak grifqijj~ tpraifnkg vm mvlar

    enkikdnij prmfqdvt ikf enkikdnij nktvnvqvnmkt* it taak nk vla tpnca nk vlafajnkyqakd~ rivnm me emrharj~ tmqkf dmhhardnij hmrvgiga(bidcaf tadqrnvnat ikf

    nk vla favarnmrivnmk nk vla airknkgt me jnea nktqrart+ Ikmvlar enkikdnij drntnt nt vlqt

    i pmttnbnjnv~+

    Eqrvlar* ihnf i dmkvnkqaf tjqhp nk vla Qknvaf Tvivat ,QT. lmqtnkg tadvmr vliv

    nkfqdaf vla drntnt* i rnta nk qkahpjm~hakv fqa vm admkmhnd tvigkivnmk nt ijtm

    grifqijj~ a|pikfnkg emradjmtqrat mk prnha hmrvgigat+ Nk iffnvnmk* Brnvinkt

    drafnv rivnkg mqvjmmc wit radakvj~ fmwkgrifaf vmkagivnua* it dmkdarkt liua

    rntak vliv vlara dmqjf ba i enkikdnij drntnt tpircaf b~ vla Qknvaf Cnkgfmh ,QC.+Fqa vm vla laiu~ vmjj me dipnvij nkoadvnmkt emr enkikdnij nktvnvqvnmkt* rafqdaf vi|

    rauakqat emjjmwnkg vla admkmhnd fmwkvqrk* ikf vla dmtv me admkmhnd tvnhqjqt

    pidcigat* vla entdij faendnv me vla Gmuarkhakv me vla QC nt emraditv vm vmp 90! me

    grmtt fmhatvnd prmfqdv ,GFP.* vla lnglatv ihmkg G(20 kivnmkt nk 200>+

    Vlikct vm vla iggrattnua haitqrat me kivnmkij gmuarkhakvt* lmwauar* vla

    dlikdat me ikmvlar 200

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    vla tiha emr vla Tmqvlaitv Itnik dmqkvrnat vliv dmktvnvqva vla Ittmdnivnmk me

    Tmqvlaitv Itnik Kivnmkt ,ITAIK.+

    Vlnt nt vm ti~ vliv* nk mrfar emr Itnik kivnmkt vm ba ibja vm pqrtqa hqvqij bakaenv

    vlrmqgl vla dmkvnkqikda me vla G(20* vla~ kaaf vm idvnuaj~ pirvndnpiva nk nv ikf

    bqnjf tqppmrv t~tvaht emr aidl mvlar+ Nv nt pirvndqjirj~ nhpmrvikv vm faumva

    mqrtajuat vlrmqgl hqvqij aeemrvt vm ifoqtvnkg vla kivnmkij yqmvit emr vla NHE ikf

    rintnkg vla umnda me Itnik kivnmkt nk vla NHE ikf mvlar nkvarkivnmkij

    mrgiknzivnmkt+ Vlata ifoqtvhakvt tlmqjf raejadv dlikgat nk vla rajivnua admkmhnd

    tvrakgvl me vla hahbar kivnmkt me vla NHE ikf mvlar mrgiknzivnmkt+

    Nk ratpadv vm tvrakgvlaknkg enkikdnij ragqjivnmkt* wa tlmqjf dmktnfar vliv nv witvla nktqeendnakd~ ikf vla einjqra me enkikdnij tqparuntnmk nk ifuikdaf kivnmkt vliv

    lihparaf vla enkikdnij tvibnjnv~ me ahargnkg hircav dmqkvrnat+ N wmqjf vlqt faah

    nv kadattir~ vliv Itnik kivnmkt a|pratt mqr unawt ikf idvnuaj~ vica pirv nk ik~

    fntdqttnmkt nk vlnt irai+

    Nk pirvndqjir* Cmrai tlmqjf hica ik idvnua aeemrv vm omnk it i parhikakv hahbar

    me vla tqbdmhhnvvaa ikf vla fadntnmk hicnkg bmf~ me vla ETB* wlndl wnjj ittqha

    vla rmja me vla kaw nkvarkivnmkij enkikdnij tqparuntmr~ nktvnvqvnmk+ Vlnt wnjj ijtm

    aklikda Cmrait rmja it i rapratakvivnua emr Itnik ahargnkg hircav dmqkvrnat+Cmrai tlmqjf iggrattnuaj~ vica ifuikviga me dlinrnkg vla G(20 ka|v ~air b~

    lajpnkg vm tajadv vla nvaht ikf hink igakfi nk prapirnkg emr vla tqhhnv+ Eqrvlar*

    wa kaaf vm iggrattnuaj~ pqbjndnza mqr a|parnakda nk tqddatteqjj~ muardmhnkg i

    enkikdnij drntnt nk vla pitv ikf vlarab~ eqrvlar bmjtvar vla Cmrait rmja+

    Nk attakda* Cmrai kaaft vm eiumribj~ jmmc iv vla eidv vliv* vlrmqgl vla dmhnkg

    NHE raemrh* wa tlmqjf ba ibja vm rinta Cmrai't pmtnvnmk wnvlnk vla NHE+ Jav qt

    ijtm caap nk hnkf vliv* auak vlmqgl vla ibtmjqva hiomrnv~ me pratakv NHE

    hahbart nt fauajmpnkg dmqkvrnat* vla rajivnua hnkmrnv~ me ifuikdaf dmqkvrnat lmjf50! me vla umvnkg rnglvt ikf ijtm hica qp vla hiomrnv~ me vla a|adqvnua fnradvmrt+

    Vlara nt* vlqt* yqnva djairj~ i jidc me fahmdrid~ ikf einr rapratakvivnmk+

    Nk tqbtayqakv NHE raemrh fntdqttnmkt* wa tlmqjf engqra vliv Cmrai wnjj ba ibja

    vm rinta nvt rmja nk vla NHE b~ hicnkg aeemrvt vm raitmkibj~ ifoqtv kivnmkij yqmvit

    it airj~ it pmttnbja nk i wi~ vliv raejadvt dlikgat nk vla rajivnua admkmhnd

    tvrakgvl me hahbar dmqkvrnat+ Aeemrvt hqtv ijtm ba hifa vm pqv nk pjida i rmvivnmk

    tdlaha me dmktvnvqakv dmqkvrnat* bitaf mk mboadvnua drnvarni tqdl it vla idvqij

    admkmhnd tnza me hahbar kivnmkt+ Iv vla tiha vnha* a|ntvnkg dmqkvrnat tlmqjfliua vlanr dmktvnvqakd~ a|ihnkaf ikf oqtvnenaf+ Enkijj~* Cmrai tlmqjf idvnuaj~

    vica pirv nk favinjaf fntdqttnmkt mk vla prmdafqrat emr ajadvnkg vla hikignkg

    fnradvmr* tm it vm rinta vla dmqkvr~t rmja nk vla ajadvnmk prmdatt+ Hmramuar* wa

    kaaf vm nhprmua vla dlikdat me Cmraik partmkkaj enjjnkg taknmr pmtnvnmkt iv vla

    Via(Ommk Cnh

    25

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    NHE b~ ifumdivnkg emr ipprmprniva ragnmkij fntvrnbqvnmk me lngl(jauaj

    ippmnkvhakvt+

    Vla gjmbij enkikdnij drntnt ikf vla rmja me vla G(20

    27

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    VLA GJMBIJ ENKIKDNIJ DRNTNT IKF VLA TVRAKGVLAKNKG

    ME ENKIKDNIJ RAGQJIVNMK

    Warkar Cihppavar

    9+ Lmw jmkg ik f lmw f aap wnjj vla gjmbij enkikdnij drntnt ba=Nk vla dmqrta me vla 9>0.+ N pndcaf qp vla jmmta akft me vlmta fntdqttnmkt ikf

    diha vm vla dmkdjqtnmk vliv wa wara laifnkg emr i tarnmqt enkikdnij ikf admkmhnd

    drntnt+ Nvt diqtat ji~ mk vla mka likf nk vla nkemrhivnmkij faendnakdnat* hmrij

    lizirft* ikf vla tmjnptnth me dipnvij hircavt ikf* mk vla mvlar* nk vla QT

    fmqbjafaendnv prmbjah ikf vla dmrratpmkfnkg gjmbij tiunkgnkuatvhakv

    fntayqnjnbrni+ N wit dmkunkdaf vliv ne wa fnf kmv dlikga dmqrta* n+a+* raragqjiva

    enkikdnij hircavt ikf rauarta vla gjmbij hidrmadmkmhnd fntayqnjnbrni* vla wmrjf

    admkmh~ wit laifnkg emr ik auar hmra nktdrqvibja prmbjah+

    Vla Rapqbjnd me Cmrai ,lakdaemrvl Cmrai. iv vliv vnha lif oqtv wmk vla bivvja

    emr fahmdrid~+ Ievar vla emrhar fndvivmrnij ikf fauajmphakvij gmuarkhakvt lif

    dmkvrmjjaf vla admkmh~ rivlar tvrndvj~* vla admkmh~ a|parnakdaf i hiomr

    jnbarijnzivnmk frnua qkfar nvt kaw fahmdrivnd gmuarkhakv+ Nk i takta* ievar liunkg

    tqeearaf tm hqdl qkfar nvt iqvlmrnvirnik gmuarkhakvt* Cmrai eajj nkvm vla vrip me

    dmktnfarnkg admkmhnd eraafmh it ik ayqnuijakv me pmjnvndij eraafmh ikf

    jnbarijnth+ It wa hi~ liua jairkaf ermh vla pratakv drntnt* pmjnvndij ikf

    admkmhnd eraafmht ira yqnva fneearakv iknhijt+ Badiqta admkmhnd eraafmh dikba yqnva fatvrqdvnua ikf nhpmta i laev~ prnda mk vla pqbjnd* auak vla hmtv jnbarij

    fahmdridnat kaaf vm ratvrink vla eraafmh me vla admkmhnd idvmrt+ Vlnt nt pradntaj~

    vla haiknkg me vla prnhid~ me pmjnvndt+ It wa ckmw ermh pmjnvndij tdnakda ikf

    dmktvnvqvnmkij jiw* fahmdrivnd ragnhat ijtm kaaf i tviva ibja vm idv aeeadvnuaj~ vm

    tieagqirf vla pqbjnd gmmf+ ^av* badiqta me bmqkfaf rivnmkijnv~* nfamjmg~* hafni

    fahmdrid~* jmbb~nth* avd+* nv nt kmv iv ijj ait~ vm friw vla prmpar jnka bavwaak

    prnuiva ikf pqbjnd nkvaratv9+

    Ippirakvj~* iv vliv vnha h~ unawt wara dmhpjavaj~ fntdmrfikv wnvl raijnv~+Nktvaif me hmunkg vmwirf vla ib~tt* it N lif a|padvaf* vla wmrjf admkmh~ ikf

    Warkar Cihppavar

    2>9* vlata wara kmv wajj radanuaf+

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    vla enkikdnij hircavt nk pirvndqjir akvaraf i plita me hqdl(printaf ikf tafqdvnua

    bqm~ikd~+ ^av* qkemrvqkivaj~* nk vla akf vla tmjnptnth me atvrikgaf enkikdnij

    hircavt omnkaf likft wnvl vla gjmbij hidrmadmkmhnd fntayqnjnbrni ,wlndl dmqjf

    kmv liua mddqrraf wnvlmqv vla jnbarijnzivnmk me dipnvij iddmqkvt. ikf prmfqdaf vla

    hmtv tauara drntnt tnkda vla Graiv Faprattnmk me vla 9>40t+

    N wit b~ eir kmv vla mkj~ admkmhntv vm pardanua vlmta prmbjaht 20 ~airt igm* ~av

    nv vmmc hmra vlik vwm fadifat emr vla fntitvrmqt dmktayqakdat rmmvaf nk vlata

    prmbjaht vm badmha ik qkfaknibja raijnv~+ Tlmqjf mka raijj~ ba tqrprntaf ne nv

    vmmc ikmvlar 20 ~airt vm tmrv mqv vla prmbjaht draivaf b~ vla pratakv wmrjf

    admkmhnd ikf enkikdnij drntnt= Vlara ira pjakv~ me raitmkt vm bajnaua vlnt hi~

    mddqr?,n. It hmtv mbtaruart igraa* vlnt nt vla hmtv tarnmqt drntnt tnkda vla Graiv

    Faprattnmk+

    ,nn. Nk vlnt ahargakd~* hmtv hiomr admkmhnat ratpmkfaf wnvl lqga nkdraitat

    nk gmuarkhakv a|pakfnvqra ikf gqirikvaat emr enkikdnij nktvnvqvnmkt* ~av

    gmuarkhakv fabv auakvqijj~ wnjj badmha i lqga bqrfak emr vi|pi~art ikf

    pqv tarnmqt jnhnvt mk vla ibnjnv~ me gmuarkhakvt* lmqtalmjft* ikf prnuiva

    akvarprntat vm tpakf* dmktqha* ikf nkuatv+ Kmv jaitv* vla pitv ikf pratakv

    iddqhqjivnmk me fabv wnjj tauaraj~ ratvrndv vla eqvqra hikaquaribnjnv~ me

    gmuarkhakvt nk waivlarnkg vla pratakv ikf eqvqra drntat+,nnn. Vla a|vrahaj~ jmmta hmkavir~ pmjndnat ikf vla lqga tqht tpakv vm

    tvibnjnza vla enkikdnij t~tvah dmqjf wajj diqta i jnyqnfnv~(frnuak ittav

    bqbbja nk enkikdnij ikf dmhhmfnv~ hircavt nk vla eqvqra+ Tmuarangk rntc

    nt bmqkf vm rnta ,Rmqbnkn 200>.+

    ,nu. Ippirakvj~* vla pmjnvndij pmwar ikf nkejqakda me enkikdnij ikf mvlar

    uatvaf nkvaratvt nk vla einjaf kamjnbarij ragnha nt qkbrmcak2+

    ,u. Auak vlmqgl vlara liua baak tmha twnev raidvnmkt* nv nt lirf vm nfakvne~

    tarnmqt aeemrvt vm nhprmua vla a|ntvnkg t~tvah me gjmbij nktvnvqvnmkt+ Vlnt

    t~tvah nt erighakvaf* nkdmlarakv* a|djqtnmkir~* jirgaj~ nkaeeadvnua*qkiddmqkvibja* ikf tjmw ,Lajf ikf ^mqkg 200>.+

    ,un. It ~av* kmbmf~ nt raijj~ tqra wlavlar wa wnjj gav nkejivnmk* faejivnmk*

    tvigejivnmk* mr i tvrmkg radmuar~* radattnmk* mr auak faprattnmk+

    Vlqt* wlnja vlnt jntv dmqjf aitnj~ ba a|pikfaf* mpvnhnth emr i yqndc ratmjqvnmk

    Vla gjmbij enkikdnij drntnt ikf vla tvrakgvlaknkg me enkikdnij ragqjivnmk

    2>

    2Vlnt lit i fnratv aeeadv mk gmuarhakv idvnmk? N vlnkc vla Mbihi ifhnkntvrivnmk lit tqddqhbaf vm

    pmjnvndij prattqra ikf tdira(hmkgarnkg b~ vla bng bikct+ It i ratqja* vla ifhnkntvrivnmk lit dmkeqtaf

    binjnkg mqv vla bikcart ikf vlanr tliralmjfart wnvl binjnkg mqv vla bikct+++vlnt nt i emrh me artivzdipnvijnth* nk wlndl vla jmttat ira tmdnijnzaf ikf vla prmenvt prnuivnzaf+++Iharndi lit a|pikfaf nvt

    dmrpmriva tieav~ kav nk qkpradafakvaf wi~t+++ Vla rndl ikf pmwareqj vqrk vm vla gmuahhakv+++wlnja vla

    kaaf~ nkfnunfqijt gav jnvvja tmdnij prmvadvnmk+ ,Tvngjnvz 200>.+ Vlqt*dmrpmriva wajeirnthqkfarrivat

    tmdnij wajeira+ Nkvla tiha uank* Omlk Twaaka~ ,200>. dmhpjinkaf iv vla Mrgikntivnmk emr Admkmhnd Dm(

    mparivnmk ikf Fauajmphakv ,MADF. Dmqkdnj mk 26 Oqka 200> vlivvla entdij tvnhqjqt pidcigat vm

    fiva ira kmv tqeendnakvj~ emdqtaf mk ahpjm~hakv ikf tmdnij prmvadvnmk+

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    me vla pratakv drntnt fmat kmv taah vm ba oqtvnenaf+ Eqrvlarhmra* wa tlmqjf kmv

    emrgav vliv wa eida jirgar ikf faapar dlijjakgat vlik vla tlmrv(varh hikigahakv

    me vlnt drntnt ikf vla radmktvnvqvnmk me admkmhnd gmuarkikda tvrqdvqrat+ Oqtv vm

    hakvnmk vwm me vlah?

    ,n. Akunrmkhakvij fatvrqdvnmk ikf vla wravdlaf pmuarv~ me hmtv lqhik

    bankgt mk vlnt pjikav tqraj~ ira hqdl hmra fahikfnkg jmkg(varh

    dlijjakgat* ikf vla~ ira bmqkf vm badmha hmra tarnmqt vlrmqgl vlnt

    drntnt+

    ,nn. Ievar fadifat me tvnhqjivnkg admkmhnd grmwvl vlrmqgl gmuarkhakv

    faendnvt* wa liua kmv taak i tngknendikv rafqdvnmk nk vla jauajt me

    qkahpjm~hakv+ Nktvaif* vla tqparejqmqt pmpqjivnmk mqvtnfa vla emrhij

    hircav admkmh~ ,wlm wmqjf kmv rahahbar Irvlqr W+ Jawnttqrpjqtjibmrdmkdapv=. lit nkdraitaf rahircibj~* kivnmkijj~ it wajj it

    gjmbijj~+ Auak nk Mrgikntivnmk emr Admkmhnd Dm(mparivnmk ikf

    Fauajmphakv ,MADF. dmqkvrnat* i tvaifnj~ nkdraitnkg kqhbar me pampja*

    wlm ira dnvnzakt me fahmdrivnd ragnhat vliv raj~ mk kmvnmkt me tmdnij

    oqtvnda* enjj vla rikct me vlapradirniv* vr~nkg vm aca mqv i hmfatv jnunkg

    mk vla ernkgat me vla prmtparmqt dmra me vla hircav admkmh~ mr raj~nkg

    mk pqbjnd vrikteart+ Wa ira bmqkf vm wmkfar wlavlar admkmhnd grmwvl

    dik raijj~ ba vla bitnd rivnmkija mr nfamjmg~ emr admkmhnd pmjnd~ hicnkg+

    Qkemrvqkivaj~* vla pratakv admkmhnd ikf enkikdnij drntnt kmv mkj~ fnuarvt

    ivvakvnmk ermh vlata faapar prmbjaht* bqv vakft vm taa vla mkj~ tmjqvnmk nk vla

    nfamjmg~ me admkmhnd grmwvl* uirkntlnkg nv wnvl kawj~ pmpqjir ~av mjf(eitlnmkaf

    kam(Ca~katnik grmwvl pidcigatbitvirf Ca~katniknthit Omik Rmbnktmk

    wmqjf liua tinf4+

    2+ Vla hink idlnauahakvt ikf jnhnvivnmkt me vla G(20 tqhhnv nk JmkfmkIt N dikkmv djinh vm ik~ faapar ckmwjafga ibmqv vla ermkv(fmmr ratqjvt ikf bidc(fmmr faijnkgt me vliv tqhhnv* N wikv vm jnhnv h~taje vm mka dmhhakv? Nk ijj

    enkikdnij drntat tnkda vla Jivnk Iharndik fabv drntnt nk vla airj~ 9>64. 9>

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    Lajjankar* part+ dmhh+.+

    N radmgknza vla dmkdapvqij ikf pridvndij prmbjaht nk jnhnvnkg tlmrv(varh dipnvij

    hmuahakvt* ~av N ih enrhj~ dmkunkdaf vliv vla~ kaaf vm ba ragqjivaf tarnmqtj~+

    Tmha admkmhntv hnglv ba ibja vm irgqa dmkunkdnkgj~ vliv emrangk fnradv

    nkuatvhakv meeart kav bakaenvt emr vla radnpnakv dmqkvrnat ,N fm kmv fak~ tmha

    tcapvndnth.+ Lmwauar* raearrnkg vm ik irgqhakv erayqakvj~ hifa b~ Oigfntl

    Bligwivn* nk dmkvritv vm vla dita me eraa vrifa* kmbmf~ lit ~av baak ibja vm

    fahmktvriva vliv qkratvrndvaf nkvarkivnmkij dipnvij hmuahakvt jaif vm lnglar

    jauajt me wajeira+

    4+ Tvrakgvlaknkg enkikdnij ragqjivnmkBikcnkg nt vla nkfqtvr~ vliv einjaf+ Bikct ira haikv vm ijjmdiva dipnvij vm

    bqtnkattat ikf dmktqhart aeendnakvj~+++Bikct ira tqppmtaf vm hica hmka~ b~

    tcnjjeqjj~ hikignkg vla rntc me vriktemrhnkg tlmrv(varh fabv nkvm jmkg(varh jmikt3

    nktvaif* vla~ wara qkfmka b~ nv+ Vla~ ira tqppmtaf vm a|pafnva vla ejmw me drafnv

    vlrmqgl vla admkmhnat3 nktvaif* vla~ akfaf qp bjmdcnkg nv+,Admkmhntv* 95 Hi~

    200>.+

    Jmmcnkg iv vlnt fntitvar ikf nvt lmrrnbja tayqajt* mka dikkmv iumnf badmhnkg

    kmrhivnua+ Vlara nt* ievar ijj* i fneearakda bavwaak prnuiva ikf pqbjnd nkvaratv+ Nv ntvla vitc me jiwt ikf ragqjivnmkt vm tieagqirf pqbjnd nkvaratv wnvl ragirf vm prnuiva

    nkvaratvt ikf* mka hnglv iff* vm prmvadv vla prnuiva nkvaratvt iginktv vlanr mwk

    hifkatt+

    Ermh i kmrhivnua pmnkv me unaw* vla rnglv me a|ntvakda me enkikdnij

    nkvarhafnirnat dik mkj~ ba bitaf mk vlanr qtaeqjkatt emr vla raij admkmh~ ikf me

    vla pqbjnd nkvaratv nk gakarij+ Vla enkikdnij hircavt mqglv vm tarua fqvneqjj~ vla

    kaaft me vla raij admkmh~ ,Cihppavar 9>>4.+

    Emr vla raij admkmh~* enkikdnij nkvarhafnirnat liua emqr bitnd eqkdvnmkt?

    ,n. hmbnjnzivnmk me tiunkgt*

    ,nn. ijjmdivnmk me tiunkgt vm nkuatvhakv nk varht me prmenvibnjnv~ ikf rntc*

    ,nnn. eidnjnvivnmk me enkikdnij vriktidvnmkt bavwaak admkmhnd idvmrt* ikf

    ,nu. nkvarvahpmrij ijjmdivnmk me jnyqnfnv~+

    Nk pirvndqjir* wnvl ratpadv vm vla enrtv vwm eqkdvnmkt* enkikdnij nkvarhafnirnat

    liua einjaf fnthijj~+ Wa liua jairkaf vla lirf wi~ vliv hmtv enkikdnij hircavt

    ira nkaeendnakv nk ijjmdivnkg eqvqra rntc* ira lnglj~ umjivnja* ikf ira frnuak b~a|padvivnmkt mk a|padvivnmkt mk a|padvivnmkt* ne kmv b~ tlaar graaf ikf

    radcjattkatt?

    ,n. Nktvaif me hmbnjnznkg tiunkgt* vla bqtnkatt me enkikdnij nkvarhafnirnat

    a|pikfaf bitaf mk drafnv ikf jnyqnfnv~ draivnmk ikf a|vrahaj~ lngl

    Vla gjmbij enkikdnij drntnt ikf vla tvrakgvlaknkg me enkikdnij ragqjivnmk

    49

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    jauariga rivnmt+ Vla~ fnf tm jirgaj~ mqvtnfa vla ragqjivaf tplara me vlanr

    bqtnkattat ikf eir ba~mkf wliv vlanr ayqnv~ pmtnvnmkt wmqjf ba ibja vm

    bair+

    ,nn. Nktvaif me hmbnjnznkg tiunkgt emr raij nkuatvhakv* enkikdnij

    nkvarhafnirnat dirajattj~ a|pikfaf dmktqhar drafnv ikf* nk pirvndqjir nk

    vla QT* hmrvgiga enkikda* gakarivnkg i raij atviva bqbbja+

    ,nnn. Auak bikct* wlndl raijj~ tlmqjf liua ckmwk bavvar* akgigaf nk

    a|dattnua hivqrnv~ vriktemrhivnmk ,it nk dmkfqnvt ikf TNUt.* wlndl

    vlak dmkvrnbqvaf vm vla jnyqnfnv~ dritl+

    ,nu. I 21! riva me ravqrk bakdlhirc emr jaifnkg bikcnkg nktvnvqvnmkt

    nhpjnaf vliv vlara wit tmhavlnkg tarnmqtj~ wrmkganvlar vlata

    nktvnvqvnmkt akgigaf nk vmm hqdl rntc vicnkg mr dmhpavnvnmk fnf kmvwmrc vla wi~ nv tlmqjf+ Vlara wit i erikvnd tairdl emr ~najf ,~najf

    pikndit Hirvnk Lajjwng pqv nv.* wlndl dmkvrnbqvaf vm vla hikni me

    hircavt ikf enkikdnij nktvnvqvnmkt+

    ,u. Gmuarkikda wit ejiwaf nk i uirnav~ me wi~t+ T~tvah(tvibnjnznkg

    nkdakvnuat wara anvlar ibtakv* wrmkg* mr nkaeeadvnua+ Ragqjivmrt* dakvrij

    bikct* gmuarkhakvt* pmjnvndnikt* ikf nkvarkivnmkij ragqjivnkg bmfnat

    vqrkaf i bjnkf a~a* vm ti~ vla jaitv* ikf* wmrta* jnvarijj~ fnf kmv ckmw

    wliv wit gmnkg mk nk vla hircavt+ Emr a|ihpja* emr bavvar mr wmrta*

    Bitaj NN wit bitaf mk vla rntc hmfajt me vla bikct ikf* ijmkg wnvlBitaj N* akdmqrigaf vla emrhivnmk me dmkfqnvt mqvtnfa me bijikda

    tlaavt+ Bitaj N ikf NN hifa nv pmttnbja emr bikct vm vraiv ittavt qkfar

    darvink dmkfnvnmkt wnvl i zarm(rntc wanglv3 vlnt wit i radnpa emr

    fntitvar+

    ,un. Ikmvlar ejiw pmnkvaf mqv b~ Dlirjat Gmmflirv nt vliv* wlnja vla gmmf

    vnhat tvnjj rmjj* nv nt fneendqjv emr vla gqirfnikt me vla enkikdnij t~tvah vm

    vica haitqrat vliv wnjj rafqda admkmhnd grmwvl nk vla tlmrv varh nk

    vla nkvaratv me eakfnkg mee i radattnmk km mka vlnkct wnjj lippak

    ,Pjakfar 200>.+,unn. Bikcart ikf hikigart fnf kmv ckmw hqdl bavvar+ Vla pirihavart me

    baliunmr wara tav b~ bmkqtat* paar prattqra* dirrnar dmkdarkt* eairt me

    bankg mtvridnzaf* ikf* ijit* vla taje(eqjenjjnkg prmhntat me vlanr

    faendnakv hmfajt1+ Nkvarkij rntc dmkvrmj wit kmv dmhpralaktnua* bqv

    fntvmrvaf ikf waic+

    ,unnn. Rivnkg igakdnat ijtm fnf kmv ckmw bavvar* mr vla~ ckaw bqv wara ierinf

    vm lqrv vlanr dmktqjvnkg bqtnkatt+ ^av* wlak vlnkgt badiha vmqgl* vla~

    vrnggaraf ikf iddajarivaf vla nhpjmtnmk me hircavt ikf vla fneendqjvnat

    Warkar Cihppavar

    42

    1Mka tarnmqt faeadv me vlata hmfajt wit vliv vla~ qkfaratvnhivaf vinj rntct vliv wnvl mqr pratakv

    ckmwjafga dikkmv ba yqikvnenaf ,fa Griqwa* 200

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    It lit baak ckmwk emr i jmkg vnha* tliralmjfart ira kmv ibja vm

    nhpmta vriktpirakd~ ikf hircav fntdnpjnka+ Nktvaif* emr hik~ fadifat

    ijraif~* vla tvmdc dmhpik~ lit taruaf it i dihmqejiga emr hikigarnij

    dipnvijnth+ Vlata nkemrhivnmkij it~hhavrnat wara eqrvlar aklikdaf b~

    wrmkg nkdakvnuat tqdl it tvmdc mpvnmkt ikf mvlar knda faundatwnvl

    fntitvrmqt dmktayqakdat it wa dmqjf taa igink+

    ,nnn. Wliv dmkvrnbqvnmk fm nkvarkivnmkij tlmrv(varh dipnvij hmuahakvt* a+g+*

    pmrvemjnm nkuatvhakvt ikf vla ~ak dirr~ vrifa* hica vm raij nkuatvhakv

    ikf ahpjm~hakv= Vla~ liua baak i hiomr ualndja emr vrikthnvvnkg

    bmmh ikf bqtv idrmtt bmrfart+ Vla~ liua prmfqdaf frihivnd a|dlikga

    riva hmuahakvt ikf fatvibnjnzaf raij admkmhnd idvnunvnat+,nu. Hmra gakarijj~* ne hmuahakvt nk vla dipnvij iddmqkv favarhnka

    a|dlikga riva hmuahakvt ,it vla~ liua emr yqnva i kqhbar me ~airt.*

    vlak a|dlikga rivat dikkmv eqjenjj vlanr raij(admkmh~ eqkdvnmk it i

    dakvrij prnda emr bijikdnkg vrifa ikf ijjmdivnkg ratmqrdat+ Lakda* eraa(

    vrifa irgqhakvt me wlivauar fatdrnpvnmk badmha nkuijnf+ Nv darvinkj~ nt

    kmv uar~ eir(eavdlaf vm irgqa vliv eraa(vrifa nfamjmg~ ,vla mkj~ vlnkg

    jaev mkda nvt vlamravndij oqtvnendivnmk jmtat tvrnkgakd~. lit bitndijj~

    taruaf vm fntdnpjnka jibmr ikf gmuarkhakvt ,a+g+* vlrmqgl vla

    Witlnkgvmk dmktaktqt.+,u. Vla tpaaf wnvl wlndl enkikdnij hircavt hmua nt a|dattnua ikf lit

    kagivnua rapardqttnmkt emr vla raij admkmh~+ Lmw dik nv ba* emr

    a|ihpja* vliv vla a|dlikga riva* wlndl nt tqppmtaf vm raejadv vla

    iuariga me h~rnift me prnda hmuahakvt* nt mka me vla hmtv qktvibja

    ikf umjivnja prndat= Tqraj~* vlara nt i kaaf vm fihpak vla tpadqjivnua

    hmmf nk vlata hircavt vlrmqgl vriktidvnmk vi|at mr mvlarwnta+

    ,un. Nt tadqrnvnzivnmk nkvakfaf vm dnrdqhuakv tvivqvmr~ ragqjivnmk* mr fmat nv

    nkfaaf raijjmdiva ikf prmunfa i bavvar tlirnkg me rntct= Fmat nv rafqda

    vla rntct emr raij admkmhnd idvmrt=

    b+ Rivnmkija emr tvivqvmr~ prqfakvnij ragqjivnmk

    ,n. Jnhnv vla rntc nhpjndivnmkt me tvrivagnd dlmndat hifa b~ enkikdnij

    nkvarhafnirnat emr vlanr drafnvmrt ikf vla enkikdnij t~tvah it i wlmja+

    ,nn. Draiva i ragqjivmr~ erihawmrc vliv gakarivat tvibnjnv~ auak wlak

    hntvicat ira hifa ,Jaa Fqclmmk* part+ dmhh+.+

    ,nnn. +++vla kmvnmk vliv vlara nt i fneearakda bavwaak prnuiva nkvaratvt ikf

    vla pqbjnd nkvaratv nk rntc hikigahakv ikf rntc dmkvrmj me bikct taahtvm liua baak jmtv+,Lajjwng 200

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    ,n. Vla t~tvah mqglv vm ba bitaf mk gakarij prnkdnpjat ikf i hnknhqh tav

    me nkvarkivnmkij gqnfajnkat+ Vlara nt i tvrmkg pratqhpvnmk nk eiumr me i

    tapirivnmk me dmhhardnij ikf nkuatvhakv bikcnkg ,kirrmwbikcnkg.+

    ,nn. Vla t~tvah mqglv vm ba dmhpralaktnua* nk vla takta vliv prqfakvnij

    ragqjivnmk ikf dmkvrmj ira a|vakfaf vm ijj hiomr pirvndnpikvt nk vla

    enkikdnij t~tvah ,hndrm(prqfakvnij ragqjivnmk.* wlnja t~tvahnd rntct ira

    mbtaruaf ikf idvaf qpmk ,hidrm(prqfakvnij ragqjivnmk.+

    Dmhpralaktnuakatt rayqnrat vliv enkikdnij nktvnvqvnmkt ba bikkaf ermh

    mparivnkg nk ragqjivnmk(ikf jiw(eraa meetlmra enkikdnij dakvart+

    ,nnn. Vla t~tvah mqglv vm ba fneearakvnivaf vm iddmqkv emr vla fneearakdat nk

    vla rmjat ikf jnibnjnv~ tvrqdvqrat me enkikdnij nktvnvqvnmkt+ Vla

    lmhmgaknzivnmk me hircav pirvndnpikvt rafqdat vla ratnjnakda me vlaenkikdnij t~tvah ,Lajjwng 200

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    dmhprmhnta ikf vm ba pmmrj~ akemrdaibja+

    ,b. Vla lmha(dmqkvr~ prnkdnpja ,wlndl ratvrndvt vla tqparuntnmk me

    bikct vm vlanr lmha dmqkvr~ ikf ijjmwt km iffnvnmkij tqparuntnmk

    b~ iqvlmrnvnat me mvlar dmqkvrnat nk wlndl vla~ ira idvnua. kaaft vm

    ba rauntaf+ Vlnt prnkdnpja nt mka me vla raitmkt wl~ vmfi~t bng

    prnuiva bikct iragjmbij nk jnea bqv kivnmkij nk faivl,Haru~k

    Cnkg* gmuarkmr* Bikc me Akgjikf.* wnvl vla bqrfakt me vlanr einjqra

    eijjnkg mkvm vla dmqkvrnat wlara vla~ lippak vm ratnfa+

    ,un. Vla t~tvah tlmqjf ijjmw emr dipnvij dmkvrmjt* n+a+* jnhnvt mk dipnvij

    iddmqkv vriktidvnmk+ It Oigfntl Bligwivn lit irgqaf rapaivafj~* vla

    jnbarijnzivnmk me nkvarkivnmkij dipnvij hmuahakvt lit kmv prmfqdaf vla

    prmhntaf bakaenvt* ikf nk eidv uar~ hqdl vla dmkvrir~+ Nk pirvndqjir*fauajmpnkg dmqkvrnat liua vm ba ibja vm prmvadv vlahtajuat ermh

    enkikdnij vqrbqjakdat mrngnkivnkg ajtawlara ,Lajjankar 200>* 7.+

    ,unn. Vlara nt i kaaf vm rafqda vla prattqra vm iddqhqjiva rataruat emr eqvqra

    drntat ,mka me vla raitmkt emr vla pratakv hidrmadmkmhnd fntayqnjnbrni

    ikf* mbunmqtj~* ik inh nhpmttnbja emr ijj dmqkvrnat vm raijnza.+

    Vlaraemra nv nt tqggatvaf vliv

    ,i. twip igraahakvt ihmkg dakvrij bikct ira a|vakfaf* ikf

    ,b. tpadnij friwnkg rnglv ,TFR.(v~pa drafnv eidnjnvnat ira draivaf iv vla

    dakvrij jauaj ,a+g+* NHE. ikf ragnmkij jauaj ,a+g+* ik Itnik ragnmkijhmkavir~ eqkf.+

    Mka me vla a|padvaf bakaenvt ermh ragnhat me eja|nbja a|dlikga rivat wit vliv

    vla prattqra me iddqhqjivnkg rataruat me vla Bravvmk Wmmft t~tvah wmqjf ba

    ajnhnkivaf+ Kmwifi~t wa ckmw lmw wrmkg vlnt a|padvivnmk wit* ikf wa ijtm

    ckmw vliv t~tvaht me eja|nbja a|dlikga rivat ikf qkratvrndvaf hmuahakvt nk vla

    dipnvij iddmqkv ira kmv dmhpivnbja+

    f+ Dliridvarntvndt

    ,n. Vriktpirakd~+

    ,nn. Kmbmf~ ckaw ibmqv vla t~tvahnd rntc ermh dmkfqnvt ikf TNUt baemra

    Oqj~ 2007 badiqta vlata* it wajj it lafga eqkft* fnf kmv liua vm

    prmunfa nkemrhivnmk ibmqv vlanr pmtnvnmkt+

    ,nnn. Tnhpjndnv~+ Vla emjjmwnkg haitqrat wnjj ba bakaendnij vm vla

    qkfartvikfnkg me vla pqbjnd* omqrkijntvt* ikf pmjnvndnikt me wliv nt

    gmnkg mk nk enkikdnij hircavt?

    ,i. Qkbqkfjnkg me qknuartij bikct3 tapirivnkg dmhhardnij ermhnkuatvhakv bikcnkg ikf ratvrndvnkgditnkm bikcnkgvm pmvakvnij

    bakaenvt emr vla raij admkmh~+ Kmv jaitv* tqdl i tapirivnmk dik ba

    a|padvaf vm tngknendikvj~ rafqda hivqrnv~ prmbjaht+

    ,b. I gakarij praearakda emr kivnmkij enkikdnij nkvarhafnirnat* it

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    prqfakvnij ragqjivnmk ikf tqparuntnmk dik ba a|vrahaj~

    dmhpjndivaf wlak vla~ eijj qkfar uirnmqt oqrntfndvnmkt+ Vla

    hittnua nkoadvnmk me gmuarkhakv eqkft nk ik~ dita lit

    fagjmbijnzafenkikda ,Wmje 200>.+

    ,d. Prmlnbnvnmk me ijj mee(bijikda(tlaav idvnunvnat+

    ,f. Jnhnvnkg vla nttqikda me dmhpja|* dqtvmhnzaf* mevak kmkvrifibja

    nktvrqhakvt ,Aivwajj 200>.+

    ,nu. Jnhnvt mk tnza ikf hircav tlirat me enkikdnij nkvarhafnirnat vlrmqgl

    dmhpavnvnmk ikf ifhnkntvrivnua prmdafqrat* jatv vlata nkvarhafnirnat

    gink pmjnvndij pmwar ikf nkejqakda* ikf badmha vmm bng vm einj+

    ,u. Vica prmpar iddmqkv me t~tvahnd nkvarfapakfakdat ikf rntct ,Lajjwng

    200.+,un. Nhpjahakv ikvnd~djndij ragqjivnmk* a+g+* enkikdnij nktvnvqvnmkt tlmqjf

    rinta dipnvij rataruat nk gmmf vnhat ikf qta vlah it i dqtlnmk nk bif

    vnhat+

    a+ Tpadnend haitqrat

    ,n. Mbjnga rivnkg igakdnat vm fnuatv ermh dmktqjvnkg bqtnkatt ,ne kmv draiva

    pqbjnd bmfnat nktvaif.+

    ,nn. Fm kmv ijjmw lnglar tvigat me tadqrnvnzivnmk ,tqdl it HBT DFMt*HBT DFM2t.+

    ,nnn. Jnhnv vmvij jauariga me enkikdnij enrht+

    ,nu. Fauajmp dmhpralaktnua ikf prmparj~ dmkdapvqijnzaf hmfajt me prnuiva

    ikf pqbjnd rntc* vicnkg iddmqkv me vla dmrrajivnmk me rntct bavwaak

    hircavt ikf hircav pirvndnpikvt+

    ,u. Fauajmp rmbqtv ikf tnhpja prmdafqrat emr qkwnkfnkg pmtnvnmkt wlak i

    enkikdnij nktvnvqvnmk badmhat nktmjuakv ,Lajjwng 200

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    admkmhndt* ikf afqdivnmk+

    Wa fm kmv mkj~ eida vla dlijjakgat me vla pratakv enkikdnij ikf admkmhnd drntnt*

    wlndl nk vla eida me vla ,hmhakvir~=. taje(fatvrqdvnmk me kamjnbarijnth lit

    batvmwaf qpmk qt vlatviva tmdnijnth emr vla rndl ikf vla kamjnbarijnth emr vla

    pmmr,Badc 200>.+

    Vla hqdl hmra fneendqjv dlijjakgat ira vla mkat me vla fatvrqdvnmk me mqr mwk

    libnviv ikf vlmta me hmtv mvlar jnunkg bankgt3 vla a|dattnua dmktqhpvnmk jauajt me

    tmha 91!(20! me vla wmrjft pmpqjivnmk3 vla a|ntvakda me tqrpjqt jibmr vliv

    dipnvijnth ikf vla hircav admkmh~ gakarivat mr dikkmv ibtmrb* ijmkg wnvl vla

    akmrhmqt jauajt me nkayqijnv~ ikf nhpmuarntlhakv bmvl kivnmkijj~ ikfnkvarkivnmkijj~3 vla tdikfijmqt hntijjmdivnmk me ratmqrdat vlrmqgl hnjnvir~

    a|pakfnvqra ikf vla cnjjnkg enajft vliv emjjmw nk vlanr wica3 vla rntnkg kqhbar me

    einjaf tvivat3 lngl pmpqjivnmk grmwvl nk vla pmmrar dmqkvrnat ikf vla dlijjakgat me

    tlrnkcnkg pmpqjivnmkt ikf igankg nk vla hmra ifuikdaf mkat3 ikf vla wnfatpraif

    fntakdlikvhakv wnvl pmjnvndt ikf vla fadjnknkg jagnvnhid~ me fahmdrivnd

    gmuarkhakv* it wajj it vla jidc me dmkenfakda nk mqr admkmhnd ikf pmjnvndij ajnvat

    ikf vlanr gmuarkikda+ Pmvakvnijj~* dmuaraf mkj~ b~ i vlnk uakaar me drntnt

    hikigahakv* dipnvijnth ikf pmjnvndt tqeear i tauara drntnt me jagnvnhid~+

    Nv nt a|vrahaj~ fneendqjv vm haav vlata dlijjakgat+ Nv nt yqnva djair vliv dipnvijnth

    ikf vla hircav admkmh~ dikkmv ba i pikidai emr iktwarnkg ik~ me vlah+ Nv nt

    hmra me i diqta vlik i dqra* it dipnvijntv hmfarknzivnmk dmkvrnbqvaf hnglvnj~ vm

    vla pivlmjmgnat wa mbtarua vmfi~ ,Libarhit 200+ Vla drntnt dik lajp vriktemrh Aqrmpa+ Gqirfnik Waacj~+ 97 Iprnj+

    fa Griqwa* P+ 200+ Ra(Faenknkg vla Gjmbij Admkmh~+ Iprnj+

    Admkmhntv+ Rabqnjfnkg vla Bikct+ Tpadnij rapmrv+ 95 Hi~ 200>+

    Grneenvl(Omkat* T+ 200>+ Lmw Vm Draiva Bavvar Enkikdnij Ragqjivnmk ikf

    Nktvnvqvnmkt+ Brnaenkg pipar+ Eranfrndl Abarv Emqkfivnmk+

    Libarhit* O+ 200+ Enkikda* einjqra ikf einrkatt+ JTA Higiznka+

    Tqhhar? 96(95+

    Lajjankar* A+ 200>+ Drntnt ikf Ratpmkta+ Enua Ragqjivmr~ Igakfit nk Tairdl me ik

    Mqvdmha+ Nk NPG+ Ernafrndl Abarv Emqkfivnmk+ 9-200>+

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    Lajjwng* H+ 2000+ Cipnvij( qkf fauntakhircva ijt lariqtemrfarqkg far

    wnrvtdlievtpmjnvnc SDipnvij ikf emrangk a|dlikga hircavt it i dlijjakga emr

    admkmhnd pmjnd~X+ Erikceqrv?

    ]]]]+ 9>>2+ Umh* mbtmjavakzqh ifiyqivakhircvwnrvtdlievjndlak Fakcak*

    Bangawqh* Lg+* Hirbqrg+

    Ca~kat* O+H+ ,9>64. 9>+ Enkikdnij gink ikf admkmhnd pink+ Cmrai Larijf+ Oqka 9>+

    Tdlqjhantvar* T+ 9>+ Tmdnijnzivnmk me jmttat* prnuivnzivnmk me prmenvt nk vla QT+

    Enkikdnij Vnhat+ Oqka 99+Twaaka~* O+ 200>+ Vijcnkg Pmnkvt+ MADF Dmqkdnj iv Hnkntvarnij Jauaj+ 26 Oqka+

    Wmje* H+ 200>i+ Vlnt drntnt nt i hmhakv* bqv hi~ kmv ba i faenknkg mka+ Enkikdnij

    Vnhat+ 9> Hi~+

    ]]]]+ 200>b+ Raemrh me ragqjivnmk lit vm tvirv b~ ijvarnkg nkdakvnuat+ Enkikdnij

    Vnhat+ 26 Hi~+

    Vla gjmbij enkikdnij drntnt ikf vla tvrakgvlaknkg me enkikdnij ragqjivnmk

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    Rmqkfvibja Fntdqttnmk ?

    Hmfarivmr? Rndlirf K+ DmmparPikajntvt? Eik La

    Tlnkon Vicign

    Famc(R~mkg ^mmk

    Cwiklm Tlnk

    Via(Ommk Cnh

    Wmmtnc Hmmk

    Oqkg Tnc Cnh

    Tlnk(ndln Eqcqfi

    Dlijmkgplmb TqttikgcirkAnon Mgiwi

    Warkar Cihppavar

    Rndlirf K+ Tattnmk mka nt ibmqv vla enkikdnij drntnt ikf wliv diha mqv me vla G(20

    haavnkg+

    Wa wnjj nkunva aidl tpaicar vm tpaic emr 1 hnkqvat* ikf vlak wajj qta

    vla rahinknkg vnha emr fntdqttnmk+

    Eik La H~ vmpnd nt? Iharndit Drntnt ikf Svla Pampjat Rapqbjnd meX Dlnkit

    prmbjah+

    Vla Qknvaf Tvivat ,QT. enrtv tinf vliv vla fmjjir nt mqr dqrrakd~ bqv

    ~mqr prmbjah* ikf nv nt vrqa vlnt vnha+ Wliv wa tiw nt i drntnt nk vla

    QT* bqv vla nhpidv nk vla Pampjat Rapqbjnd me Dlnki ,PRD. nt tm

    tngknendikv vliv nv emrdaf vla PRD vm hica tmha uar~ pinkeqj

    ifoqtvhakvt+ Baemra vla Iharndik enkikdnij drntnt* i jmv me pmjnd~

    hicart nk vla PRD bajnauaf nk vla tm(dijjaf fadmqpjnkg vlamr~* wlndldjinhaf vliv* auak ne vla QT admkmh~ tjmwt fmwk* vla PRD dmqjf tvnjj

    hinkvink yqnva rmbqtv admkmhnd grmwvl+ Lmwauar* wlak vla Iharndik

    drntnt lippakaf* nvt nhpidv mk vla admkmh~ me vla PRD wit yqnva

    tngknendikv+ Wa wnvkattaf i tlirp fadjnka nk vla 6vl yqirvar jitv ~air

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    Ievar vla enkikdnij drntnt vla Gmuarkhakv me vla PRD ikkmqkdaf i

    DK^6 vrnjjnmk tvnhqjqt pidciga* tm wa ira ijraif~ taankg yqndc

    radmuar~ emr vla PRD admkmh~+ N vlnkc vla enrtv plita me vlnt radmuar~

    nt vla raifoqtvhakv nk vla hircav emr muartlmmv nk vla jitv yqirvar* ikf

    vlak radmuar~ tvirvaf ermh vla tadmkf yqirvar badiqta vla tvnhqjqt

    pidciga tvirvaf vm vica aeeadv+ Tm vlnkgt ira gmmf tm eir bqv* it N

    hakvnmkaf ~atvarfi~* wa tvnjj eida tmha pmvakvnij rntc ermh jmdij

    gmuarkhakv entdij prattqra* vla ihmqkv me jmikt nk dmhhardnij bikct*

    ikf vla rntnkg qkahpjm~hakv riva* vmgavlar wnvl tvnjj tjqggntl a|varkij

    fahikf+ Tm vlata rahink pmvakvnij fikgart nk vla PRD+

    Vla hmra nhpmrvikv vitc emr vla PRD nt taacnkg i hmra bijikdaffauajmphakv tvrivag~+ Nk vla nkvarkivnmkij enkikdnij t~tvah* vla PRD

    lit badmha uar~ nkvaratvaf nk vicnkg pirv nk fneearakv jauajt me raemrh

    me vla t~tvah+ Mka hqjvnjivarij raemrh hi~ ba raemrh me vla

    Nkvarkivnmkij Hmkavir~ Eqkf ,NHE.* ikf ijtm nkdraitnkg vla qta me vla

    tpadnij friwnkg rnglv ,TFR.+ N vlnkc vla bidcgrmqkf me vla tpaadl b~

    Gmuarkmr _lmq nt kmv vm rapjida vla QT fmjjir wnvl vla TFR+ Nktvaif*

    vla raij pqrpmta emr vla PRD nt vliv wa wikv vm taa hmra fntdnpjnka nk

    vla QT fmjjir+ Wa wnjj ijtm vica pirv nk vla ragnmkij raemrh* nk vla

    Dlnikg Hin Nknvnivnua* ratarua pmmjnkg* ikf ijtm rakhnkbnnkvarkivnmkijnzivnmk+ Ijvlmqgl wa ira iv i uar~ airj~ tviga* it ~mq dik

    taa ermh h~ tjnfa* vlara nt ijraif~ tmha meendnij ikf prnuiva qta me vla

    rakhnkbn+

    Vla enkij rahirc nt mk vla PRD ikf vla Grmqp me 20 ,G(20. dmqkvrnat+

    Vla PRD fmatkv tlira ik~ nkvaratv nk vla G(7 mr G(< badiqta wa fmk

    v wikv vm badmha i hahbar me vla rndl djqb+ Mk vla mvlar likf* wa ira

    uar~ idvnua nk pirvndnpivnkg nk ijj G(20 haavnkgt+ N vlnkc vla G(20 nt i

    gmmf pjida emr dmktaktqt bqnjfnkg* bqv badiqta nv lit tm hik~hahbart nv hi~ ba ik qktqddatteqj hadliknth emr dmjjadvnua idvnmk+

    H~ tqggatvnmk emr vla eqvqra nt vliv wa dmqjf a|pikf vla nkemrhij

    kavwmrc emr jmwar(jauaj gmuarkhakv meendnijt tqdl it fapqvnat mr auak

    gakarijt* tnkda vla~ ira fmnkg vla raij wmrc+ Ikmvlar prmpmtij nt vliv

    wa dmqjf enkf i kaw pjivemrh emr hiomr fauajmpnkg dmqkvrnat tm vliv

    vla~ dik tlira vlanr unawt ikf a|dlikga vlanr mpnknmkt baemra gmnkg vm

    vla nkvarkivnmkij iraki+

    Tlnkon N wnjj dmkdakvriva mk emqr pmnkvt? vla G(20* NHE jakfnkg raemrh*

    tqruanjjikda raemrh* ikf gmuarkhakv raemrh+

    Tpaicnkg me vla G(20* nv nt uar~ djair vliv vla G(7 mr G(< km jmkgar

    Vla gjmbij enkikdnij drntnt ikf vla rmja me vla G(20

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    raejadv vla raijnv~ me vla raij admkmh~+ N ih kmv dmkunkdaf vliv mkda vla

    dmlatnmk vliv nt ippirakv nk vla dqrrakv drntnt fntippairt* vla G(20 wnjj

    kmv jitv emr i jmkg vnha* badiqta emr vlata nkemrhij nkvargmuarkhakv

    grmqpt vm ba aeeadvnua* ~mq liua vm haav vwm dmkfnvnmkt? Mka*

    hahbartlnp lit vm ba thijj3 ikf vwm* hahbartlnp lit vm ba

    lmhmgakamqt+ Vla G(20 haavt kanvlar me vlata drnvarni+ H~ gqatt nt

    vliv* mkda vla drntnt nt muar* vlara wnjj ba tauarij fneearakv grmqpt emr

    fneearakv nttqattmha G(96* tmha G(92* ikf tm mkbqv N vlnkc vliv

    fneearakv grmqpt wnjj aharga mk fneearakv nttqat vliv haav vla vwm

    drnvarni me thijj hahbartlnp ikf lmhmgakanv~+

    Wnvl ratpadv vm NHE raemrh* vlara ira vlraa itpadvt vm vlnt+ Mka ntjakfnkg raemrh+ N fmkv ckmw lmw hik~ me ~mq ira iwira bqv ibmqv i

    hmkvl igm vla NHE ibmjntlaf dmkfnvnmkijnv~+ NHE prmgriht vlaraemra

    km jmkgar liua vla dmkfnvnmkijnv~ vliv wa qtaf vm ittmdniva wnvl vlah+

    Wlnja vla hikignkg fnradvmr irgqat vliv nv wit kadattir~ vm rahmua vla

    tvnghi ivvidlaf vm NHE bmrrmwnkg* vla yqatvnmk wa liua vm rinta nt

    wlavlar vlnt nt i gmmf vlnkg+ Mka irgqhakv nt vliv nv nt i gmmf vlnkg

    badiqta dmqkvrnat kaaf vm bmrrmw ermh vla eqkf fqa vm vla dmkvignmk

    ermh vla gjmbij drntnt ikf kmv badiqta me prmbjaht me vlanr mwk+ Ijtm*

    vla jakfar me jitv ratmrv nt kaafaf emr drntat me vlnt kivqra* ikf emrwlndl dmkfnvnmkijnv~ tlmqjf kmv ba ivvidlaf+ Mk vla mvlar tnfa*

    lmwauar* vlara nt ik irgqhakv vliv vlnt hi~ jaif vm graivar lizirf mk

    vla pirv me nkvarkivnmkij nkuatvmrt ikf gmuarkhakvt+

    H~ vlnrf pmnkv nt ragirfnkg tqruanjjikda raemrh+ Aidl vnha vlara nt i

    drntnt vlara nt i dijj emr tqruanjjikda raemrh+ Vla NHE lit baak fmnkg

    vlnt auar tnkda vla Ha|ndik drntnt nk 9>>6+ Wliv ajta nt vm ba fmka= N

    vlnkc nv nt ait~ vm ti~ vliv tqruanjjikda tlmqjf ba tvrakgvlakaf* bqv vla

    yqatvnmk nt lmw+ H~ d~kndij unaw nt vliv pampja iv vla NHE ckmw vlivvlara nt hqdl vm ba fmka bqv vla~ gm ijmkg wnvl vla drnvndnth badiqta nv

    nt jncaj~ vliv vla uar~ pampja wlm drnvndnza wnjj ba vla mkat vm gnua hmra

    eqkfnkg ikf hmra ratmqrdat+ Vlaraemra* vm ba drnvndnzaf nk vla NHE nt i

    gmmf vlnkg+ Oqtv 5 hmkvlt igm vla NHE wit dmktnfaraf vm ba nrrajauikv*

    ikf kmw nv nt rajauikv akmqgl vm ba drnvndnzaf+

    H~ enkij pmnkv nt mk gmuarkikda raemrh+ N lippakaf vm untnv

    Witlnkgvmk* FD iv vla vnha me vla tprnkg haavnkg+ Nk vijcnkg vm i

    kqhbar me pampja nk Witlnkgvmk N fntdmuaraf vm h~ tqrprnta vliv*fatpnva wliv wit hakvnmkaf nk vla G(20 tqhhnv* NHE raemrh wit kmv

    mk vla igakfi me vla Nkvarkivnmkij Hmkavir~ ikf Enkikdnij Dmhhnvvaa

    haavnkg+ Nv nt nkdrafnbja vliv vla wmrjf nt vijcnkg ibmqv NHE raemrh bqv

    vla NHE nt kmv vijcnkg ibmqv NHE raemrh+ Vla raitmk emr vlnt nt vliv

    Rmqkfvibja Fntdqttnmk

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    vlara ira dmqkvrnat vliv wnjj jmta ne vlara nt NHE raemrh ikf vlata

    dmqkvrnat dmkvrmj vla igakfi me vla NHE+ Tm* ne wa vlnkc vliv NHE

    raemrh nt kadattir~* wa liua vm raijj~ pqtl emr nv

    oqtv badiqta vla G(

    20 tinf tm fmatkv haik vliv nv nt gmnkg vm lippak+

    Famc(R~mkg Wa liua vlraa nttqat vm fntdqtt nk vla enrtv tattnmk* bqv N wnjj tcnp vla

    enrtv nttqa fqa vm vnha jnhnvt ikf gm fnradvj~ vm vla tadmkf nttqa? vla

    hink idlnauahakvt ikf vla jnhnvivnmkt me vla G(20 tqhhnv nk Jmkfmk*

    ikf vla prmtpadvt me vla G(20 tqhhnv+

    Vla hink idlnauahakv me vla G(20 haavnkg nk Jmkfmk dik ba emqkf

    enrtvj~ ermh vla meendnij dmhhqknv~+ Vla hink ratqjvt me vla haavnkgdik ba djittnenaf nkvm enua divagmrnat? hidrmadmkmhnd dmmrfnkivnmk vm

    muardmha vla admkmhnd drntnt3 tvrakgvlaknkg enkikdnij tqparuntnmk ikf

    ragqjivnmk3 raemrhnkg nkvarkivnmkij enkikdnij nktvnvqvnmkt3 raoadvnkg

    prmvadvnmknth3 ikf bqnjfnkg ik nkdjqtnua* graak* ikf tqtvinkibja

    radmuar~+

    Jav ha hica tmha rahirct mk vla hink idlnauahakvt+ Liunkg nk hnkf

    vla igraahakvt* wa dik vr~ vm auijqiva vla G(20 haavnkg+ N vlnkc vla

    enrtv dmkvrnbqvnmk me vla G(20 haavnkg wit vla dmkvrnbqvnmk vmmuardmha vla dqrrakv admkmhnd drntnt ikf tvibnjnza vla hircav+ Fnradvj~

    ievar vla Jmkfmk tqhhnv* vla tvmdc hircav nk ijj dmqkvrnat irmqkf vla

    wmrjf tlmwaf pmtnvnua ratpmktat wnvl bng prnda nkdraitat+ Vla G(20

    ijtm nkvrmfqdaf kadattir~ nktvnvqvnmkt tqdl it vla Enkikdnij Tvibnjnv~

    Bmirf* ikf raemrh haitqrat kaafaf emr vla NHE* Wmrjf Bikc* ikf

    mvlar nktvnvqvnmkt emr attakvnij eqkdvnmkt me enkikdnij hircavt vm radmuar+

    Vla G(20 haavnkg fahmktvrivaf vla ibnjnv~ vm wmrc vmgavlar vm tmjua

    gjmbij prmbjaht* auak vlmqgl vlara wara hik~ fmqbvt baemra vla

    haavnkg+ Vla G(20 ijtm tlmwaf vlara wit vla ibnjnv~ vm hikigapmvakvnij dmkejndv bavwaak ahargnkg admkmhnat ikf fauajmpaf

    dmqkvrnat* it wajj it ragnmkij nkvaratvt+ Vlara wara dmkejndvt me nkvaratv

    ikf dmkermkvivnmkt* it vla G(20 dmktvnvqvaf i grmqp rapratakvnkg muar

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    gjmbij nhbijikda ikf ik nkvarkivnmkij ikdlmr dqrrakd~+ Emr nktvikda*

    ~mq liua prmbibj~ raif vla irvndja b~ Hirvnk Wmje nk vla Enkikdnij

    Vnhat+ La lit fntdmqkvaf vla dmkvrnbqvnmk me vla G(20 haavnkg badiqta

    nv fntragirfaf vla hink diqta me vlnt enkikdnij drntnt* wlndl nt vla gjmbij

    nhbijikda* auak vlmqgl Prmeattmr Dmmpar lit i fneearakv nfai+ Vla G(

    20 dmqjf kmv ivvahpv vm faij wnvl vla nttqat rayqnrnkg jmkg(varh

    akgigahakv* tqdl it vla nfai me i wmrjf enkikdnij mrgiknzivnmk* hifa

    b~ Andlakgraak+ Vla G(20 fnf kmv liua akmqgl vnha vm faij wnvl

    eqkfihakvij nttqat badiqta me vla wmrjf prattqra vm tmjua vla dqrrakv

    ikf qrgakv admkmhnd drntnt+ Vla G(20 fnf kmv liua tqppmrvnkg igakdnat

    ikf jidcaf jagij ikf nktvnvqvnmkij jagnvnhid~+ Badiqta me ijj vlnt* vla G(

    20 eqkdvnmkaf haraj~ it ik if lmd akvnv~ emr drntnt hikigahakv+Kmbmf~ ckmwt ne vlara wnjj ba i ka|v G(20 tqhhnv mr kmv* ikf nt

    fadnfaf nk vla haavnkgt+ Nk tlmrv* vla G(20 haavnkg nk Jmkfmk mkj~

    pinf ivvakvnmk vm tlmrv(varh nttqat+

    Ragirfnkg vla prmtpadvt me vla G(20* vlara lit baak i kaaf emr i kaw

    nkvarkivnmkij nktvnvqvnmk wlndl dik jaif nkvarkivnmkij dmmrfnkivnmk+ Ne

    ~mq jmmc iv vla pqbjndivnmkt ermh vla Brmmcnkgt Nktvnvqvnmk* vlara ira

    hik~ irgqhakvt emr i kaw nkvarkivnmkij nktvnvqvnmk* ikf vla

    rayqnrahakv emr vla kaw nktvnvqvnmk nt vliv nv tlmqjf ba aeendnakv*dipibja* ikf jagnvnhiva+ Lmwauar* ne wa jmmc iv vla G(20* vla grmqp lit

    einjaf vm haav vlata dmkfnvnmkt tm eir badiqta vla jaifart iumnfaf

    taktnvnua nttqat+ Vla G(20 dik rahink it vla kaw nkvarkivnmkij

    gmuarkikda erihawmrc it jmkg it vla jaifart enkf qrgakv nttqat

    rayqnrnkg gjmbij dmmrfnkivnmk* bqv vla G(20 wnjj mkj~ ba ibja vm vidcja

    eqkfihakvij ikf jmkg(varh nttqat ievar nvt nktvnvqvnmkijnzivnmk+ Vla

    jaifart hi~ kaaf i eaw hmra haavnkgt vm dmkenrh vla qtaeqjkatt me vla

    G(20+

    N vlnkc vlara nt km igraaf Itnik pmtnvnmk ~av+ Itnik dmqkvrnat liua hmra

    nkejqakda it wajj it ratpmktnbnjnv~ nk nkvarkivnmkij tmdnav~ vlrmqgl vla

    G(20+ Itnik dmqkvrnat wnjj gav hmra umnda vm raejadv Itnit nkvaratv

    ikf* wnvl vla gnuak mppmrvqknv~* wa ira jncaj~ vm ba ibja vm bqnjf i

    ragnmkij pmtnvnmk nk vla eqvqra+

    Itnik dmqkvrnat ira nk eiumr me tvrakgvlaknkg tqruanjjikda ikf

    ragqjivnmk me vla enkikdnij hircav badiqta wa tqeearaf admkmhnd

    fihiga ermh vla enkikdnij drntnt* ikf Itnik admkmhnat liua enkikdatadvmrt vliv ira rajivnuaj~ qkfauajmpaf+ It Itnik dmqkvrnat liua fnradv

    rajivnmkt vm vla gjmbij nhbijikda* wa liua i caak nkvaratv nk enkfnkg i

    tmjqvnmk* ikf vlnt wnjj ba ik nhpmrvikv nttqa nk vla eqvqra emr vla G(20+

    Wnvl ragirf vm NHE raemrh* it Prmeattmr Ciwin ijraif~ hakvnmkaf* wa

    Rmqkfvibja Fntdqttnmk

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    wajdmha vlnt raemrh bqv wa vlnkc vliv nv nt kmv akmqgl vm raejadv vla

    ragnmkij nkvaratv me Itni+ N vlnkc vla NHE raemrh tlmqjf gm mk+

    Cwiklm Nk vlnt pratakvivnmk* nktvaif me iffrattnkg tpadnend nttqat me vla G(20

    haavnkg* Njj oqtv emdqt mk vla Rapqbjnd me Cmrait ,lakdaemrvl Cmrai.

    partpadvnua mk vlnt dqrrakv drntnt ikf tmha nhpjndivnmkt emr

    nkvarkivnmkij enkikdnij irdlnvadvqra+

    Wliv nt vla qknyqa eaivqra me vla dqrrakv drntnt= Enrtv me ijj* vla drntnt

    mrngnkivaf ermh vla QT* ikf badiqta me vla tnza ikf vla tvivqt me vla

    QT* vlnt drntnt lit yqndcj~ badiha i gjmbij prmbjah* atpadnijj~ i gjmbij

    jnyqnfnv~ prmbjah+ Vlara wara lqga dipnvij mqvejmwt ermh Cmrai ikf nvnt tvnjj pqzzjnkg it vm wl~ vlnt lippakt* bqv vlara wit i tqbtayqakv

    tlirp tjmwfmwk nk gjmbij vrifa+ Vlnt wit atpadnijj~ pinkeqj emr Cmrai*

    it nv nt mka me vla dmqkvrnat vliv laiunj~ rajnat mk a|varkij fahikf+

    Vlara nt kmvlnkg Cmrai dik fm vm prauakv vlnt cnkf me drntnt3 vla hmtv nv

    dik fm nt hnknhnza dipnvij mqvejmwt+ Vla raijnv~ nt vliv wa idvqijj~

    tqeearaf ermh lqga dipnvij mqvejmwt+ Wl~ fnf vlnt lippak= Vlara wara

    vlraa hiomr prmbjaht pmnkvaf mqv* ikf badiqta me vlata prmbjaht*

    Cmrai jmmcaf tqtpndnmqt nk vla a~at me emrangk nkuatvmrt+ Enrtv me ijj*

    vla dqrrakv iddmqkv tlmwaf i faendnv me &