House of Commons Issue No. 16 Minutes of Proceedings and Evidence of the Standing Committee on Foreign and International Trade
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HOUSE OF COMMONS CANADA

From Bretton Woods to Halifax and Beyond:
Towards a 21st Summit for the 21st Century Challenge

REPORT OF THE HOUSE OF COMMONS STANDING COMMITTEE
ON FOREIGN AFFAIRS AND INTERNATIONAL TRADE ON
THE ISSUES OF INTERNATIONAL FINANCIAL INSTITUTIONS REFORMS
FOR THE AGENDA OF THE JUNE 1995 G-7 HALIFAX SUMMIT May 1995

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TABLE OF CONTENTS

CHAIRMAN'S FORWARDS

EXECUTIVE SUMMARY

LIST OF RECOMMENDATIONS

CHAPTER ONE - SETTING OUR AIMS

CHAPTER TWO - WHY HALIFAX MATTERS

CHAPTER THREE - REFORMING THE BRETTON WOODS INSTITUTIONAL
FRAMEWORK: FROM ADAPTATION TO ACCOUNTABLE "REINVENTION"

  1. GETTING BACK TO BASICS FOR A NEW WORLD ECONOMY
  2. TOWARDS A HALIFAX INITIATIVE
  3. CLARITY OF MANDATES
  4. COHERENCE AVOIDING DUPLICATION
  5. FRUGALITY AND OPERATIONAL EFFICIENCY
  6. TRANSPARENCY AND ACCESSIBILITY TO PUBLIC REVIEW
  7. ACCOUNTABILITY
  8. MORE REPRESENTATIVE AND DEMOCRATIC GOVERNANCE
CHAPTER FOUR - REFORMING THE IFIS' POLICY FRAMEWORKS:
ACCENTUATING POVERTY REDUCTION AND SUSTAINABLE HUMAN DEVELOPMENT

  1. RESTORING CONFIDENCE IN THE EFFECTIVENESS OF
    INTERNATIONAL DEVELOPMENT FINANCE
  2. TOWARDS A HALIFAX PROGRAMME OF ACTION
  3. FROM "STRUCTURAL ADJUSTMENT" TO SUSTAINABLE REFORMS
  4. TACKLING POVERTY AND SOCIAL INEQUITIES
  5. ACHIEVING ENVIRONMENTAL SUSTAINABILITY
  6. PROMOTING HUMAN RIGHTS, DEMOCRATIC "GOOD
    GOVERNANCE", AND DEMILITARIZATION
  7. RESOLVING MULTILATERAL DEBT BURDENS, ESPECIALLY FOR
    THE POOREST COUNTRIES
CHAPTER FIVE - REFORMING THE INTERNATIONAL MONETARY AND
FINANCIAL SYSTEM: TOWARDS STABILITY AND THE GLOBAL GOOD

  1. RESPONDING TO THE NEW CHALLENGES OF GLOBALIZED
    FINANCIAL AND CURRENCY MARKETS
  2. IMPROVING INTERNATIONAL MACRO-ECONOMIC POLICY
    COOPERATION AND THE IMF'S POWERS OF SURVEILLANCE AND
    INTERVENTION
  3. LINKING GLOBAL MONEY, STABILIZING MEASURES, AND
    PUBLIC INTERESTS
  4. INTEGRATING THE ROLE OF CENTRAL BANKS AND THE BANK FOR
    INTERNATIONAL SETTLEMENTS WITHIN A GLOBAL REGIME OF
    STRENGTHENED MONETARY AND FINANCIAL SUPERVISION
  5. TOWARDS A "HALIFAX ACCORD"
CHAPTER SIX - CONCLUSION: GOING FOWARD FROM HALIFAX

APPENDIX A - List of witnesses

APPENDIX B - List of individuals and groups

APPENDIX C - List of briefs

REQUEST FOR GOVERNMENT RESPONSE

MINUTES OF PROCEEDINGS


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