COC

Focus Three: Global Economic Governance

New "Washington Consensus" won't fix global crisis, more than 630 organizations say (October 2008)

Rethinking Bretton Woods | Sun, Nov 2, 2008

New "Washington Consensus" won't fix global crisis, more than 630 organizations say (October 2008)

The day before the United Nations (UN) meets to discuss its new high-level taskforce on the global financial crisis, chaired by Nobel Laureate Joseph Stiglitz, and two weeks before the US hosts members of the Group of 20 to address the same issue, a coalition
of 630 organizations from 104 countries have issued a statement demanding a truly global response to the global crisis and laying out a set of principles for doing so.
Feasible paths towards greater developing country participation in governance of the financial system (May 2008)

Rethinking Bretton Woods | Mon, Jun 16, 2008

Feasible paths towards greater developing country participation in governance of the financial system (May 2008)

Please find below link to RBW’s paper “Governance of the international financial system: Looking for the feasible paths towards greater developing country participation.”  

The paper was commissioned for the Experts meeting on Governance of International Financial System, Rio de Janeiro (Brazil), May 8-9 2008, cosponsored by IBASE and the Ford Foundation. 

Dormant IMF Fails to Heed Wake-Up Calls for Democratization (June 2008)

Rethinking Bretton Woods | Mon, Jun 9, 2008

Dormant IMF Fails to Heed Wake-Up Calls for Democratization (June 2008)

The last spring meetings of the World Bank and the International Monetary Fund (IMF) brought to conclusion the debate on reforms of the governance of the IMF. Did the reforms really increase the voice and vote of developing countries ? Did they address the growing criticism to the legitimacy and democracy deficits at the IMF ? In an article appeared on issue 16 of South Bulletin, Aldo Caliari provides a critical assessment of the reforms.

Download this issue of South Bulletin by clicking here. (the article is in page 3)

A Civil Society Response to the Report of the UN High-Level Panel on System-Wide Coherence (April 2007)

Rethinking Bretton Woods | Tue, Apr 24, 2007

A Civil Society Response to the Report of the UN High-Level Panel on System-Wide Coherence (April 2007)

In this position paper the Center of Concern, International Trade Union Confederation, UBUNTU Forum Secretariat and World Federalist Movement assess the report released by the High Level Panel on System-Wide Coherence on late 2006.

Long Due Reform? The International Monetary Fund, the World Bank, and Global Economic Governance 60 Years Later (2005)

Rethinking Bretton Woods | Thu, Aug 4, 2005

Long Due Reform? The International Monetary Fund, the World Bank, and Global Economic Governance 60 Years Later (2005)

The International Financial Institutions (IFIs) are key players within the current architecture of global governance. Sixty years after the creation of the International Monetary Fund (IMF) and the World Bank in Bretton Woods, New Hampshire, their role and their relationship with other key institutions such as the UN are being called into question more than ever before.  This paper from Coopération Internationale pour le Développement et la Solidarité (CIDSE) examines the Bretton Woods Institutions 60 years later.
Financing for Development: Long-Term Commitment to Global Governance Reform (2005)

Rethinking Bretton Woods | Fri, May 20, 2005

Financing for Development: Long-Term Commitment to Global Governance Reform (2005)

"Consistent with the vision that the 2002 Conference represented a starting point for a dialogue rather than a final product, Aldo Caliari, Director of the Rethinking Bretton Woods project, writes. The FFD conference ""has provided a political space to address the full range of sources of finance in an integrated and holistic way: mobilization of domestic resources and of international private resources, trade, debt, and public overseas development assistance."" Find out what progress has been made, and where the conference is going in this update."
A Political Agenda for the Reform of Global Governance (October 2003)

Rethinking Bretton Woods | Thu, Dec 4, 2003

A Political Agenda for the Reform of Global Governance (October 2003)

"The increasing importance of the socio-economic dimension of globalization and the current insufficiency of institutional arrangements for global economic governance demonstrate the need for a new framework to address the attendant challenges. From the viewpoint of many experts, the original role of the UN in the normative and agenda setting arena should be strengthened on issues such as social and economic development, peace-building, security, justice, and the promotion of human rights. Reform proposals seek to ensure that the legitimacy of the United Nations is recognized with respect to the coordination of global economic policy consistent with its normative framework, and to providing regulatory authority. The objective of this policy paper is to provide expertise for in-depth discussions on the nature of the global governance deficit, with a view to coming up with proposals for global governance reform in the context of the UN Financing for Development High Level Dialogue on October 29-30, 2003."

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