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ABOUT
NEW RULES
New
Rules for Global Finance is a coalition of development, human rights, labor,
environmental, and religious organizations and scholars dedicated to the reform
of the global financial architecture in order to stabilize the world economy,
reduce poverty and inequality, uphold fundamental rights, and protect the
environment.
The
New Rules for Global Finance Coalition started in 1998 in response to the
Clinton Administration’s challenge to reform global financial architecture to
prevent future financial crises such as the Asian crisis. The members of the New Rules Coalition--academics, activists,
and policy makers from developed and developing countries--are committed to a
future for all that is equitable and environmentally sustainable. We recognize
that financial resources can and must be harnessed for this vision to become a
reality. We further recognize that with the existing rules and institutions,
myriad financial crises harm the poor and the environment first and most
seriously. Therefore, through
technically expert and inclusive dialogues we analyze existing financial
institutions and processes to propose alternatives that will bring about more
equitable and environmentally responsible results.
The
agenda of New Rules is driven by its members and their contributed services.
We have challenged the rigid and often counter-productive Washington
Consensus policies. We explored the
merits and feasibility of a currency transaction tax (Tobin Tax).
In close collaboration with developing country governments and NGOs, we
are committed to the implementation of the Consensus Statement of the UN
Financing for Development conference.
Six
areas of New Rules current activity are:
1)
added voice and vote for developing countries
on the Boards of the World Bank and IMF;
2)
multi-Stakeholder Consultations on Systemic
Issues
organized by the New Rules for Global Finance Coalition in cooperation
with the Financing for Development Office;
3) implementation of ex ante poverty impact assessments of
macro-economic policies mandated by the IMF;
4) standards
and codes;
5)
sovereign debt bankruptcy/restructuring mechanisms;
6)
ensuring governments have latitude in the use of capital controls.
New
Rules for Global Finance operates 2 listservs:
one for dissemination of information globally; the second more targeted
to Washington, DC with announcements of local events.
Members of the New Rules for Global Finance Coalition
New Rules Board of Directors
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