Rethinking Bretton Woods | Thu, Aug 23, 2012
The UN-led consultations to define the framework and targets that will replace the Millennium Development Goals after 2015 have already begun. Members of the "A bottom up approach to righting financial regulation" initiative addressed a letter to the UN Secretary General calling for incorporating financial regulation addressed a letter to the UN Secretary General asking that financial regulation be given proper regard in crafting such agenda.
The impact of the 2008-09 crisis on the achievement of the Millennium Development Goals is still hard to fully quantify, given that the crisis effects are by no means over and aftershocks continue to occur, but there is no doubt that such impacts will be significant. "[T]his underscores the relevance of rules and policies for the regulation of finance in a successful global development framework," Center of Concern and other signatories of the letter said in justifying their request.