15 years is enough

15 years is enough - What's changed in the international financial system and its institutions, what hasn't and what needs to

EURODAD, 16 April 2010

Halifax Initiative has just released a new publication, "Fifteen years is enough: What's changed in the international financial system and its institutions, what hasn't and what needs to" with contributions from individuals from Eurodad and member and partner organisations, including Action Aid, CNCD, Christian Aid, Freedom From Debt Movement, Tax Justice Network and Third World Network.

About the publication

Back in 1995, the G7 met in Halifax during a “time of change and opportunity.” A lot has changed since then, partly in response to the Halifax G7 Summit and subsequent G7 and G8 meetings. Too many of these improvements, however, exist only on paper. Beyond the surface, the neo-liberal, market-oriented bias that guides the Bank and Fund’s agenda and thinking has not altered. The 2010 G8 Summit in Toronto in 2010 takes place during another “time of change and opportunity.” The financial crisis has spurred many civil society organizations (CSOs) to insist on far-reaching changes to the global financial system and its institutions.

As this publication will illustrate, 15 years of refusing to deal with the manifest shortcomings of the global economic system is enough.

This publication looks at several interrelated issues:

• Global governance and the G20;
• Innovative sources of finance for development and climate, and inparticular the financial transactions tax and special drawing rights;
• The place of the dollar in the global economy, and the move towards a new global reserve system;
• The challenge to conditionality in the context of policy prescriptions that exacerbate the impact of the crisis;
• Truly sustainable responses to debt, in the context of a looming debt crisis; and
• Tax justice in development, in the wake of a growing global movement challenging tax havens

Download the full publication:

Fifteen years is enough : Kb