Stiglitz then goes on to provide an overview of how we might “ reform ” globalization , by noting representatives of the world ’s national governments attended the Millennium Summit and signed the Millennium Development Goals , pledging to cut poverty in half by 2015 . Additionally , the International Monetary Fund ( IMF ) had previously been focusing more on inflation , rather than employment and income ; however , they have shifted their focus in hopes of reducing poverty . Stiglitz states that countries who seek financial assistance have in the past been asked to meet an outrageous number of conditions , in exchange for the aid . This was one of the most common complaints towards the IMF and the World Bank . They have heard these complaints and have since greatly reduced the conditionality . The G8 group met for their annual meeting in 2005 and had agreed to write off debt owed by the 18 poorest countries in the world as an attempt to help with the global poverty issue . As regards the aspiration to make trade fair ,
their annual meeting in 2005
31st G8 summit
Making Globalization Work