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Consulta de la sociedad civil sobre la reforma del sistema monetario y financiero internacional

Executive Summary

The ongoing financial crisis and its continuing spillover into the global economy has created a crisis of survival for the poor – nations as well as people. Economies have been slowing down, jobs have been lost, capital inflows are drying up, commodity prices and exchange rates are showing signs of increasing volatility, and all these factors are pushing countries to the brink of economic crisis.

It is increasingly becoming clear that the current crisis is deepening and requires a global response. [ActionAid International]

While the responses to the consultation were many and varied, there were several central themes that emerged. First, almost all respondents agreed that the responsibility for the current financial crisis lies in the developed world. It is therefore developed countries that must carry out the most fundamental changes, both in terms of their domestic policies and in the positions they take in international economic governance fora. For most respondents, the current global financial and economic crisis exposed a misguided macroeconomic policy framework that civil society had denounced for decades and was symptomatic of a democratic deficit in global economic governance, including the lack of meaningful voice for developing countries in relevant decision-making fora.

Many argued not only for a stronger role for the United Nations in the immediate response to the crisis: responsibility for coordinating the longer term global economic and financial reforms should ultimately fall squarely with the United Nations, as the most globally representative and participatory body currently in existence. Major reform decisions that will affect all countries cannot be left to the G8 or even the G-20. In the same vein, when calling for in-depth reform of the World Bank, the IMF and the other principal international financial institutions (IFIs), as well as the possible creation of new global regulatory bodies, most respondents advocated that these be brought institutionally under the purview of a strengthened United Nations, and be in practice accountable to UN human rights, development and environmental objectives (Chapter 2).

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Documents à télécharger

• Compilation report about the civil society consultation, by UN NGLS

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