International finance specialist Aldo Caliari said, "This time we have to make financial regulation central to the new agenda."
Washington, D.C. (PRWEB) April 07, 2014
The Center of Concern's Aldo Caliari recently presented at a High-Level Expert
Seminar "The Post-2015 Development Agenda: towards a new partnership for development" organized jointly by the Russian government, United Nations Development Programme (UNDP) and the World Bank Group. Joining international finance specialists and government leaders, Caliari discussed conflicts between Post-2015 UN processes and recounted preliminary outcomes. Russian news sources reported seminar topics ranging from existing dimensions of partnership on the Post-2015 Development Agenda and finance for development, and perspectives of the Russian Federation, to the engagement of civil society and the private sector's implementation of the new development agenda. Talks brought into focus disparities between early Millennium Development Goals (MDGs) and realistic financing sources.
International economist and lawyer, Caliari, director of the Center's Rethinking Bretton Woods Project, said, "Undoubtedly, a dismal reality became apparent when our discussions pointed to the lack of financing sources for [MDGs] goals that had been agreed upon at the start of this century." Caliari urged consideration of alternate sources of financing. "Financing should widen beyond aid so that it encompasses an all-inclusive set of financing mechanisms, public and private," said Caliari. "This time we have to make financial regulation central to the new agenda. One only has to think about how much the global financial crisis has shaped the whole discussion on development finance in the last five years."
About Rethinking Bretton Woods Project:
Center of Concern's Rethinking Bretton Woods (RBW) project was founded in 1995 to promote reforms of international financial institutions such as the World Bank and the International Monetary Fund. Over time, its focus has evolved to promote reform of the international financial system, its rules, and its institutions, with the purpose of democratizing economic policy-making, achieving human rights, and sustainable development.
The project carries out advocacy-oriented research, popular education and coalition-building engaging government and intergovernmental officials, policy-makers, civil society organizations, academics, grassroots activists, social movements and the public. It works closely with partner organizations in the U.S., Europe, and all the regions of the Global South.
About the Center of Concern, Washington, D.C.
Founded in 1971, the Center of Concern researches, educates, and advocates from Catholic social tradition in order to create a world where economic, political, and cultural systems promote sustainable flourishing of the global community.