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Eurostep has signed a civil society statement urging a truly global conference to address the current financial crisis, which is inclusive of both developing country governments and civil society. It argues that although the crisis originated in northern countries, the impact is likely to be greatest in developing countries, and that it is crucial that the debate on how to reform the international financial architecture does not marginalise developing world voices.
The statement reads: "We, the undersigned civil society organisations, support the fundamental and far-reaching transformation of the international financial and economic system. To serve this purpose, we support a major international conference convened by the UN to review the international financial and monetary architecture, its institutions and its governance, but only if the meeting follows a process that: 1. is inclusive and participatory of all governments of the world; 2. includes representatives from civil society, citizen's groups, social movements and other stakeholders; 3. has a clear timeline and process for regional consultations, particularly with those most affected by the crisis; 4. is comprehensive in scope, tackling the full array of issues and institutions; 5. is transparent, with proposals and draft outcome documents made publicly available and discussed well in advance of the meeting." "Full use should be made of the new UN task force on the global financial system, the upcoming UN Financing for Development meeting and other UN instances to begin preparing such a global meeting." "There are no quick fixes in the transition from the current system - which has fostered instability and inequity - towards a just, sustainable and accountable one, which yields benefits for the majority of the world's people." Eurostep is currently working on a position paper regarding the Financing for Development conference that will take place in Doha from 29 November to 2 December.
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