What's New

Reimagining the rules for a fairer future

 

We have just launched our four-part weekly podcast series 'Global Finance Rewired', which explores the future of the international finance architecture (IFA). Hosted by our Managing Director Bodo Ellmers, the series features expert voices from the Global South to examine how global finance must change to meet today’s challenges.

From 4-6 November 2025, the United Nations (UN) will hold the second World Summit for Social Development (WSSD2) in Doha, Qatar. The first summit on social development took place 30 years ago in Copenhagen. The initiative for a new World Social Summit came from UN Secretary-General António Guterres. He had already spoken out in favour of a global summit in his 2021 Our Common Agenda report. At the time, he took up an initiative from the Club de Madrid. This association of former heads of state and government had pointed out that the effects of the COVID-19 pandemic had exacerbated the global [...]

The 4th International Conference on Financing for Development (FfD4) is due to take place in Seville, Spain from 30 June to 3 July 2025. According to the United Nations (UN) Member States, the conference is designed to assess progress and obstacles in implementing the outcomes of the three previous FfD conferences in Monterrey (2002), Doha (2008) and Addis Ababa (2015), as well as agreeing on measures and initiatives to overcome obstacles and address new challenges in the face of global crises. The main aim is to accelerate implementation of the 2030 Agenda and its Sustainable Development [...]

Publications

The international financial architecture is in urgent need of reform. In the words of UN Secretary-General António Guterres, it is "outdated, dysfunctional and unjust". The main institutions were created 80 years ago in a transatlantic agreement, at a time when many of the world's nation-states of today were still colonies. Moreover, the institutions have failed in their mission to prevent and mitigate crises and to mobilize sufficient financing for internationally agreed development goals.

The reform of the international financial architecture is currently a major topic on the United Nations [...]

Calls for reforms of the international financial architecture are becoming ever louder. Governments, UN institutions, expert groups and civil society organizations are criticizing the fact that the network of institutions and rules that currently determine global monetary and financial policy and control global financial flows are not up to the current crises. The international financial architecture is “outdated, dysfunctional and unfair”, according to UN Secretary-General António Guterres.

In view of these challenges, the UN Member States made the reform of the international financial [...]

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