International financial architecture reform

Washington, D.C. - 09 October 2022: Close-up of the World Bank Group(WBG) and International Monetary Fund (IMF) Annual Meetings Logo

In an increasingly interconnected world, financial crises, conflicts and climate shocks reverberate globally, placing immense pressure on the international financial architecture (IFA). Yet, the IFA’s existing structures struggle to provide the scale, speed and flexibility needed to meet these urgent challenges. Reforming this architecture is essential to closing the Sustainable Development Goal (SDG) financing gap, especially for countries in the Global South.

UNU-CPR is at the forefront of advancing equitable IFA reform through rigorous research and global engagement. We offer critical insights into Global South proposals for greater representation, faster financial responses and sustainable, affordable financing.

Our work also supports stronger alignment between the UN and international financial institutions like the World Bank to enhance peacebuilding efforts in conflict-affected states. Through regional dialogues and international summits, UNU-CPR is championing innovative solutions that promote global solidarity, economic self-reliance and transformative governance.

Highlights

Report

Revisiting the sovereign debt architecture: The Common Framework and considerations for a swift debt relief mechanism

Recommendations to improve the sovereign debt architecture ahead of upcoming multilateral processes.

06 Nov 2024

Report

Rating the globe: reforming credit rating agencies for an equitable financial architecture

The growing need for reform to address challenges and improve the fairness of credit ratings.

26 Sep 2024

Interconnected Globe

The demand for a fair international financial architecture

A critical examination of the Global South’s proposals for international financial architecture reform.
https://collections.unu.edu/eserv/UNU:9822/demand_for_fair_IFA.pdf

Commentary

Blog Post

Financial Inclusion is Key to Reducing Haiti’s Vulnerability to Modern Slavery

For World Day Against Trafficking in Persons we explore how financial inclusion can be strengthened to protect vulnerable Haitians from exploitation.

28 Jul 2023