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In 2000, the
Halifax Initiative Coalition organized a conference on
Transforming the Global Financial System. At that time, the
prospect of alternative institutions and mechanisms to the
Bretton Woods Institutions (BWIs), for funding international
development, were very much a matter of theoretical debate.
Now, just seven
years later, the landscape has changed dramatically. There are
now new players in the field in the form of alternative
institutions, such as the Bank of the South and the Chiang Mai
initiative. There are alternative sources of development
funding, for example through new bi-lateral donors from China,
Brazil and India, or from private sources, such as the Bill
Gates Foundation. There are alternative mechanisms for
financing development and regulating financial flows, such as
airline levies, advance market commitments and currency
transaction taxes.
In February
2008, the Halifax Initiative organized a conference on “The
Changing Face of Global Development Finance – Impacts and
implications for aid, development, the South and the Bretton
Woods Institutions”. This report includes a summary of
the presentations and discussions at the conference.
Final Report in
PDF
(600 K) | Word
(2.8 M)
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