Governance Reform of the Bretton Woods Institutions and the UN Development System, Dialouge on Globalization Accasional paper No 18, may 2005, washington: Freidrich Ebert Stiftung (with Messner, Nuscheler and Seigle)
Executive Summary
The key messages of the present report can be summarized in six propositions: • First, we face unprecedented problems at a global level – questions of war and peace, of climate change, of environmental sustainability, and of poverty. Second, these problems cannot be solved by nation states, however powerful, acting alone – we can only ameliorate our present and safeguard our future if people and their governments work together. Third, that means we need strong international cooperation and a strong multilateral system. Fourth, we do not have a strong system: it does not work well and it lacks legitimacy. Fifth, there are reform proposals on the table, most recently those made by Kofi Annan for the MDG Summit in September 2005. Sixth, those do not go far enough: We can and should do more.
The report makes the case for each of these propositions, and in particular lays out a program of action for 2005 and beyond. This year, however, is crucial. Attention is focused on international development as never before. The preparatory work has mostly been done. The decision-making structures are in place. It is imperative that the opportunity will not be missed. Above all, when governments meet in New York in September, for the MDG Summit, they must take the opportunity to make major changes to the multilateral development system.