Apart from that, the international financial architecture should also be reformed.

The current financial crisis has made the need for reform of the international financial architecture patently clear.

Since the financial crisis in 1997, Asia has learned the need to strengthen the international financial architecture.

The new international financial architecture that all developing countries desire must achieve coherence in the management of multilateral monetary and financial systems.

Multilateral financial institutions must maintain their central function in the international development architecture, and in particular in financing infrastructure investment.

That is why we state the need to reform the current international financial architecture, because it is outdated and ineffective.

Underlines that the reforms of the international financial architecture should aim at addressing the fundamental weaknesses of the free market system and inherent instability of the international financial system through achieving the following

Dutch architecture has played an important role in the international discourse on architecture in three eras.

Regarding reform of the international financial architecture, UNCTAD had stressed the interrelationship between trade and financial systems and their impact on development, pointing out the need to enhance international policy coordination in an integrated and coherent manner.

Development coherence included progress on fronts other than FDI, such as reform of the international financial architecture and progress in the WTO Doha Round.

The systemic causes of poverty were rooted in the current international financial architecture, whose neo liberal conditionalities rendered the goal of poverty eradication illusory.

Moreover, there has been no major reform of the global financial architecture.

Efforts to reform the international financial architecture need to be sustained with greater transparency and the effective participation of developing countries in decision making processes.

Calls for effective representation of the developing and emerging market economies in the consultations and decision making on the reforms of the international financial architecture.

New auditing standards must reflect an overhauled financial architecture that focuses on transparency.

The global financial architecture needs to be reformed to buttress harmonization and coordination.

Stresses the need to maintain the momentum for reforming the global financial architecture.

Stressing the importance of commitment to sound domestic financial sectors, which make a vital contribution to national development efforts, as an important component of an international financial architecture that is supportive of development,

Stressing the importance of commitment to sound domestic financial sectors, which make a vital contribution to national development efforts, as an important component of an international financial architecture that is supportive of development,

Stressing the importance of commitment to sound domestic financial sectors, which make a vital contribution to national development efforts, as an important component of an international financial architecture that is supportive of development,

37. We also underscore our commitment to sound domestic financial sectors, which make a vital contribution to national development efforts, as an important component of an international financial architecture that is supportive of development.

Two important components of Hamilton s financial architecture were not realized, or were realized imperfectly.

Indeed, the fact that the world is again worrying about the economic fallout from financial shocks highlights the lack of progress since the Asian crisis a decade ago in moving towards a new international financial architecture.

NEW YORK For those of us who have long claimed that the world s international financial architecture needed deep reform, the call for a Bretton Woods II is welcome.

We hear talk of new banking regulations and even of a new global financial architecture.

12. Emphasizes the importance of the improved participation of developing countries in the work of the international institutions dealing with the reform of the international financial architecture, in particular the International Monetary Fund, as well as in relevant norm setting processes

Ten years ago, at the time of Asia s financial crisis, there was much discussion of the need to reform the global financial architecture.

The international development architecture is rapidly evolving, presenting both opportunities and challenges.

Ten years ago, at the time of the Asian financial crisis, there was much discussion of the need to reform the global financial architecture.

55 186. Towards a strengthened and stable international financial architecture responsive to the priorities of growth and development, especially in developing countries, and to the promotion of economic and social equity

56 181. Towards a strengthened and stable international financial architecture responsive to the priorities of growth and development, especially in developing countries, and to the promotion of economic and social equity

In that context, urge the international community to promote reform of the global financial architecture, including through enhancing the voice and participation of developing countries in the decision making process of the IFIs, and to review international monetary and financial polices and arrangements and their impact on developing countries.

Thirdly, improving international architecture for humanitarian response and operational activities is long overdue.

Finally, one major deficiency of the current international financial architecture is the lack of an institutional framework i.e., a court similar to those created to manage bankruptcies in national economies to manage debt overhangs at the international level.

Following the 1997 crisis, there was a consensus that fundamental reform of the global financial architecture were needed.

Today, the international trade architecture is such that it adversely affects the poorer countries.

15. Underlines the importance of competitive and inclusive private and public financial markets in mobilizing and allocating savings towards productive investment and thus making a vital contribution to national development efforts and to an international financial architecture that is supportive of development

12. Underscores the importance of competitive and inclusive private and public financial markets in mobilizing and allocating savings towards productive investment and thus making a vital contribution to national development efforts and to an international financial architecture that is supportive of development

12. Underscores the importance of competitive and inclusive private and public financial markets in mobilizing and allocating savings towards productive investment and thus making a vital contribution to national development efforts and to an international financial architecture that is supportive of development

Suspending the lock law and reopening the exchange could provide a basis for revision of the case and lead to a ruling that begins to fill the gaps in the international financial architecture.

1. Takes note of the report of the Secretary General entitled International financial architecture and development, including net transfer of resources between developing and developed countries A 56 173 and Add.1 and 2.

Among the reports of such groups, we would highlight Towards a new international financial architecture (ECESA 1 Rev.1), prepared especially for the Executive Committee on Economic and Social Affairs of the United Nations.

Institutional and systemic issues, including the reform of the international financial architecture, must be addressed, and more innovative ways found of mobilizing additional financial resources for realizing the internationally agreed development targets set forth in the Millennium Declaration and reiterated in the World Summit Outcome.

9. Reaffirms the commitment to broaden and strengthen the participation of developing countries and countries with economies in transition in international economic decision making and norm setting, and to that end stresses the importance of continuing efforts to reform the international financial architecture

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