New Rules for Global Finance, a civil society organization that promotes stable global financial systems that reduce poverty and inequality, has launched an interactive weblog as part of a complete website redesign. The blog offers clear analysis with an ethical conclusion on issues related to the financial crisis - how we got into this mess and how we can resolve it with equity. Whether they agree with the substance or not, readers will enjoy quality writing and argumentation. August 19, 2010
New Rules for Global Finance is pleased to announce the launch of its new website as a vital communication tool for its members and those concerned about global financial governance. Visitors will find an improved website which offers such advances as an integrated blog and user-friendly layout. August 9, 2010
The South-South Sharing of Successful Tax Practices (S4TP) program together with the Capacity Building Subcommittee of the UN Committee of Experts in International Tax Cooperation arranged for 30 tax professionals to receive a free license to take one online course offered by theInternational Bureau for Fiscal Documentation (IBFD), a leading international provider of training on cross-border tax issues as well as independent tax research. 8/1/10
Research and Draft Papers
New Rules is tracking the G20's assignments to the Financial Stability Board and the IMF. The first paper in this project describes the FSB, the quintessential black box. The second paper is a matrix of the assignments and what has happened since the G-20 summits. This is an interactive project and we need the help of academics and other civil society organizations to ensure accurate and timely reporting.
New Rules commissioned Adam Hersh, Ph.D. candidate in economics at the University of Massachusetts, Amherst, to describe how the Financial Stability Board works and to design a matrix on what the G20 assigned to the IMF and/or the Financial Stability Board.
These are issues that are hard to research and track. On the FSB paper, we have presented what is available publicly; we are hoping people in this network will be able to add additional bits of information, to these documents which will be shared/edited using google docs.
CONTRIBUTE TO THIS WORK
Please post comments / editorial suggestions / and new information on the draft documents on the below links using googledocs.
- Introduction to the Financial Stability Board and the International Financial Reform Agenda
- Monitoring Commitments and Compliance of the G20 Framework for Strong, Sustainable, and Balanced Growth
- Matrix of G20 Commitments on the Global Financial System
On the matrix, we want to track first the assignments from the G20 to the IMF and FSB, and then the follow up actions.
The next phase will include evaluations of the assignments as well as the follow ups; followed soon by alternative proposals, trying to focus mainly on recommendations from the Global South.
Please email your contributions to ahersh[at]econs[dot]umass[dot]edu.
The G20 finance ministers and central bank governors meeting in Washington, DC from April 22-23 largely followed the expected script, but events from the weekend nonetheless yielded some interesting new information and developments on international cooperation for financial reform.
IMF Survey: Online: The 2010 Spring Meetings played host to civil society events that were marked by record-high attendance—as well as substantive and constructive policy exchanges on topics ranging from IMF governance to Africa’s response to the global financial crisis. May 5, 2010.
Inter Press News Service. Matthew Berger. Developing countries will have a slightly larger say at the World Bank under an agreement reached at the institution's spring meetings this weekend. But some groups are challenging whether the shift in voting shares is as large as it should be - or as large as the bank says it is. April 26, 2010.
The G-20 had charged the IMF with exploring options for a global bank levy to help defray current and future fiscal costs of financial stability. The IMF is due to deliver an interim report at the April 22-23, 2010 G-20 meeting in Washington, DC, and will deliver a final report at the June 26-27, 2010 G-20 meeting in Toronto.
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