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UN Conference at the Highest Level on the World
Financial and Economic Crisis and Its Impact on Development, 24-26 June 2009

The Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System

Following the break out of the financial crisis that originated, in 2008, in the most advanced countries, and then spread over to the emerging economies and less developed countries, the President of the United Nations General Assembly convened a panel of experts to discuss the large array of issues related to it.

In the same breath, the President of the United Nations General Assembly established a Commission of Experts whose mandate is to reflect on the causes of the crisis, assess impacts on all countries and suggest adequate responses as to avoid its recurrence and restore global economic stability.

The Commission will seek to identify the broad principles underlying needed institutional reforms required to ensure sustained global economic progress and stability which will be of benefit to all countries, developed and less developed. It will suggest a range of credible and feasible proposals for reforming the international monetary and financial system, in the broad interest of the international community, and identify and evaluate the merits and limitations of alternatives that are at the center of current global debate.

The Commission will thus produce a report on recommendations to be considered in the preparatory process leading to the Conference at the highest level on the world financial and economic crisis and its impact on development called for in the final document adopted at Doha in December 2008 (resolution A/RES/63/239).

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