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.

 

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SPECIAL INAUGURAL MEETING

NEW RULES FOR GLOBAL FINANCE COALITION, INC.

 

May 17, 2006

 

Special Inaugural meeting Meeting Agenda Participants PowerPoint New Rules Members Board Candidate Bios

 

 

Meeting Report from New Rules Special Inaugural Meeting

 

Appendices:

A: List of Members as of May 17, 2006

B: New Rules Activities

C: Final Recommendations from FFD Consultations

D: Project Description - Democratic Governance and Parliamentary Oversight (DGPO) Project

E: Board Candidate Bios

F: Proposals Received for Discussion

 


 

APPENDIX D: Project Description: Democratic Governance and Parliamentary Oversight (DGPO)

 

Project Secretariat: New Rules for Global Finance Coalition

                       

The Democratic Accountability and Parliamentary Oversight (DGPO) project is developing a strategic plan of action for a range of activities to expand and enhance outreach of civil society organizations in the developing world to national parliaments, and to reinvigorate national civic processes that enhance parliamentary oversight of the international financial institutions (IFIs). The overall focus is on strengthening ongoing work and campaigns that seek to build on and scale up capacity-building, public outreach and networking, and advocacy activities of civil society organizations and networks engaged in these issues. Interested civil society organizations are welcome to participate in an initial year of planning activities focused on enhancing accountability mechanisms and processes for parliamentary oversight of the international financial institutions.

 

Overview of the Democratic Accountability and Parliamentary Oversight Project

 

There is increasing debate at the global level about what should be the guiding criteria for democratic governance of the international financial institutions. What reforms are needed to ensure greater accountability, transparency, representation and democratic decision-making in the governance of these institutions that shape the possibilities for advancing equitable and sustainable development and for alleviating poverty? One promising direction is to strengthen the role of parliamentary oversight to enhance the democratic governance and performance of the international financial institutions. This project seeks to establish a global network of leading civil society organizations, academic centers, and parliamentary groups to develop promising strategies for enhancing the democratic governance and parliamentary oversight of the international financial institutions (IFIs), namely the World Bank, the International Monetary Fund (IMF), and regional development banks. 

 

A network of civil society organizations is needed to facilitate a collaborative process to rethink the democratic principles, processes and practices for governance of the international financial institutions (IFIs). While many civil society initiatives are presently underway to address and to reform various aspects of IFI governance and parliamentary oversight, too many are ad-hoc or discrete in nature and limited in scope. Given the need for improved coordination and expansion of these ongoing efforts, an expanded  network of civil society organizations is needed to come together to develop a consensus about the medium- and long-term objectives and strategies for enhancing parliamentary oversight of the international financial institutions (IFIs).

 

The overall goal of this project is to enhance the democratic governance of the international financial institutions and regional development banks.  Specifically, this project intends to achieve this goal through the following strategies:

 

  1. Strengthen the capacity of civil society organizations (CSOs) to engage on these issues through parliamentary initiatives at the national, regional and global levels. The project will lead by example by engaging leading CSOs in developing countries (Brazil, Ghana, India, Indonesia) to design country-specific strategies to enhance parliamentary oversight of the IFIs’ policies and programs within their countries, and of the IFI Boards at the headquarter’s level;

  2. Enhance accountability mechanisms by developing structures and tools that support parliamentarians in carrying out their oversight role of the international financial institutions, by strengthening networking and information exchange between and among civil society organizations active on the national level, coordinating on the regional level, and eventually collaborating on the global level;

  3. Convene and help coordinate a wide range of civil society organizations to work with parliamentary groups and academic centers in the Global South and North to strengthen oversight over the international financial institutions;

  4. Articulate a broader vision of democratic governance of the international financial institutions that addresses the four key dimensions of transparency, accountability, representation, and democratic decision-making.

 

The overall design of the project will be informed by grassroots, national and global perspectives to ensure greater project coherence, integration, and impact. The primary emphasis is on identifying the strategic possibilities for strengthening, scaling up, and sustaining the on-going efforts by civil society organizations and parliamentary groups to enhance parliamentary oversight of the International Financial Institutions (IFIs) at the national, regional, and global levels.  Here the IFIs include the International Monetary Fund (IMF), the World Bank, and the regional banks, such as the African Development Bank, the Inter-American Development Bank, and the Asian Development Bank (ADB).

 

Main Project Goals and Activities

 

First, three leading CSOs in the developing world that are already working at the sub-national, national and regional levels have developed “plans of action” for enhancing parliamentary oversight of the IFIs as country partners. The initial country partners include: Rede Brasil in Brazil, ISODEC in Ghana, and Intercultural Resources in India. Specifically, these country partners will explore: (1) how to expand and to enhance outreach to their own national parliaments; and (2) how to reinvigorate national civic processes that enhance parliamentary oversight of the IFIs. During the planning year, these civil society organizations from Africa, Asia, and Latin America will initiate a range of relevant activities, such as strategic planning, capacity-building, public education and training, outreach to parliaments and other key actors (e.g., media, political parties, trade unions, etc.). 

 

·        The DGPO Planning Meeting held on 2-3 March 2006 in Washington, DC developed mechanisms to ensure on-going communication and outreach; and to identify effective strategies and lessons for enhancing parliamentary oversight of the IFIs between and among these country case-studies.

·        Those Southern and Northern CSOs that are not engaged in producing country case studies are invited to contribute to key capacity-building, research, knowledge-sharing and outreach activities during this first year.

 

Second, Northern CSOs engaged at the regional and global levels (e.g., New Rules for Global Finance Coalition) will carry out research on two levels:  1) a broad catalogue of civil society initiatives to: a) hold the IFIs accountable, and b) engage with their national parliaments on a range of policy issues;  and 2) an inventory and an analysis of inter-parliamentary organizations, including their membership, mandates, inter-action with IFIs, and relationships with civil society organizations. 

 

Third, at the end of the planning year, a Strategic Planning Meeting involving the project’s main partners will be organized to develop a strategic, multi-year plan for going forward with Phase 2.

 

Goals:  The principal purpose of this Strategic Planning Meeting will be to develop a multi-year work plan to expand and enhance democratic governance and parliamentary oversight of the IFIs at the sub-national, national, regional and global levels.  The work plan will include:

 

·        an overall funding strategy;

·        strengthening of existing country-cases from key regions of the developing world;

·        expansion, as appropriate, to additional national and regional situations;

·        identification of a shared research agenda that strengthens the strategic analysis and impact of parliamentary oversight activities of IFIs at the national, regional and global levels; and

·        planning of educational materials for members of parliaments and dissemination to national and regional civil society partners.

 

Participants:

 

·        The country-case study participants will share what they have learned about what works, what does not, and what is still needed to expand civil society collaboration with national parliaments;

·        Include additional civil society organizations who are prepared to begin or expand their work at the national and regional levels in order to enhance parliamentary oversight of the IFIs in their national parliaments;

·        Possibly include representatives from select inter-parliamentary groups at the regional and global levels.

·        Representatives from civil society organizations engaged at the regional and global levels will participate, helping to learn from and to document the proceedings.

 

During the project’s first (planning) year, the New Rules for Global Finance Coalition will serve as the Secretariat.  New Rules will work in collaboration with partner organizations to take the lead for developing the main research components over the first year, extracting the lessons from the reporting at the Strategic Planning Meeting at the end of the first year, and for assisting in designing the research agenda going forward. During this strategic planning event, the Secretariat of the project will be transferred to a Southern CSO to take the lead for this initiative.

 

This project intends to model the participatory democracy that it promotes.  By drawing on the shared knowledge and myriad experiences derived from national-level efforts to enhance parliamentary oversight of the IFIs in the developing world, the organic nature of this process is likely to ensure informed and quality outcomes.

 

The New Rules for Global Finance Coalition, which serves as the Secretariat for the Democratic Governance and Parliamentary Oversight (DGPO) Project, oversees the project’s agenda and administration on behalf of a collaborative network of leading civil society organizations from the Global South and North. Member organizations of the project’s Executive Committee include: ActionAid International USA; the Bank Information Center (USA); the Bretton Woods Project (UK) and International Parliamentary Petition; Intercultural Resources (India); New Rules for Global Finance (USA); and Rede Brasil (Brazil).  

 

For more information about this project, please contact:

 

Democratic Governance and Parliamentary Oversight (DGPO) Project

New Rules for Global Finance Coalition

c/o Missionary Oblates of Mary Immaculate

1470 Irving Street, NW, 2nd Floor

Washington, DC 20010 USA

Phone: 301-277-9390; Fax: 202-483-0708

E-mail: jvriker@aol.com                                                     

www.new-rules.org

 

Executive Committee:

  • Manish Bapna, Bank Information Center (BIC) (USA)

  • Marcus Faro, Rede Brasil (Brazil)

  • Jo Marie Griesgraber, New Rules for Global Finance Coalition, USA

  • Smitu Kothari, Intercultural Resources (India)

  • Jeff Powell, Bretton Woods Project and International Parliamentary Petition (UK)

  • Rick Rowden, ActionAid International USA (USA)

  • Ex-Officio member, Jim Riker, New Rules for Global Finance (USA)

 

 

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