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ABOUT
NEW RULES
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.
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Governance reforms of the IMF and other IFIs
Bringing balance to the
debate on IMF reforms, by facilitating voices of developing countries' needs and
preferences for IMF policies and governance practices aimed at poverty
reduction.
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Poverty impact assessment of macro-economic policies
Introducing practical tools
of poverty impact assessments of macroeconomic policies to the IMF and other
international financial institutions.
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NGO
inputs to the UN’s Financing for Development Process
Leading NGO collaboration
with the United Nations on setting the agenda on Finance for Development (FFD).
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South-South Sharing of Successful Tax Practices
Innovating South-South
sharing of successful tax practices for greater mobilization of domestic
resources for development.
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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