Reform of the International Financial System

After the financial crisis of 2008, the G20 undertook much effort to reduce the risks of individual financial institutes. However, the reform process is far from completed. Above all, the systemic risk for the global financial markets is still not banned, as the policy of liberalisation of financial markets keeps expanding, including in developing countries, exposing them to considerable risk. The G20 must therefore urgently fully implement the reforms of the international financial architecture agreed upon at the recent G20 Summits.

Civil society will discuss and formulate suggestions for reforms of global economic governance, international financial regulation and international monetary system, as well as anti-corruption, debt workout mechanism and taxation.

 

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