The New Rules for Global Finance Coalition is a networking, idea generating, nongovernmental organization that seeks to promote stable global financial systems which reduce poverty and inequality. New Rules convenes activists and policymakers from developed and developing countries to identify and advocate politically feasible and technically sound solutions to systemic issues of international finance and resource mobilization which impede inclusive development.

In the new globalized economy, culture and marketplace, equitable development remains at the center of the development debate. In this changed world, foreign aid, while still important, is no longer as central to promoting development of developing countries as it once was. Aid flows are dwarfed by private financial flows and by trade in goods and services. The world is now “connected” in ways that open new opportunities for civil society to impact on the formulation of complex policies heretofore the exclusive domain of financial specialists and institutions. New Rules works to ensure that international financial flows and the activities of the international financial institutions contribute significantly to the reduction of global poverty and inequality.

New Rules’ projects and networking activities address and promote international financial institutions’ accountability and governance reforms, poverty impact assessment measures, policy advances in finance for development, innovations in reforms of private sector finance, and capacity building in taxation of domestic resources for inclusive development.

New Rules currently leads the external assessment of how the governance and performance of the International Monetary Fund can be improved through the analysis and recommendations of former senior officials and international academics long concerned with how to increase accountability, transparency and developing-country participation at the highest levels of the Fund.

New Rules continues to work closely with United Nations staff of UNDESA, UNDP, and NGLS as a catalyst among academics and NGOs by organizing international multi-stakeholder consultations addressing needed solutions to global and national financial development issues emanating from the UN’s Monterrey Consensus, the 2008 Doha Conference and the recent UN Summits on the global economic crisis and its impacts on development.

New Rules’ project activities in 2009 focus on four areas of strengthening global financial systems in which it is well-positioned to advocate and prompt implementation of needed systemic reforms: 1) advocating governance reforms of the IMF and other financial institutions; 2) developing practical, cost-efficient tools of poverty impact assessment (PIA) of macro-economic policies; 3) coordinating attention to international financial issues of the UN’s FfD process; and 4) advocating South-South exchange of successful practices and norm setting in taxation of domestic resources for inclusive development. Advances in each of these areas would contribute significantly toward the reduction of global poverty and inequality. New Rules for Global Finance Coalition is headquartered in Washington, D.C.