By its resolution 63/305 of 11 August 2009, the General Assembly established an ad hoc open-ended working group to follow up on the issues contained in the Outcome of the Conference on the World Financial and Economic Crisis and Its Impact on Development. The President of the General Assembly appointed Ambassador Morten Wetland, Permanent Representative of Norway, and Ambassador Lazarous Kapambwe, Permanent Representative of Zambia, to serve as its Co-Chairs. During the meetings of the Group held on 11 September 2009 and 11 February 2010, Member States provided inputs on substantive and procedural issues. In addition, the Co-Chairs held informal consultations with all regional groups and key stakeholders on the work programme of the Group. Based on those consultations, the Co-Chairs organized a series of six substantive meetings of the Group from April to June 2010. The outcome of these meetings was included in the report of the Working Group (A/64/884), presented by the Co-Chairs to the President of the 64th General Assembly.
Documentation
Report
Letters by the Co-Chairs
- Letter of 16 July 2010
- Letter of 14 May 2010
- Letter of 28 April 2010
- Letter of 24 March 2010
- Letter of 3 February 2010
- Letter of 8 September 2009
Inputs by Member States
- G77 Statement of 28 July
- EU Speaking points of 28 July
- G77 and China position paper of 23 June 2010
- Letter of 4 March 2010 from the Chair of G77
Background documentation
- General Assembly resolution 63/305 on “Establishment of an ad hoc open-ended working group of the General Assembly to follow up on the issues contained in the Outcome of the Conference on the World Financial and Economic Crisis and Its Impact on Development” (A/RES/63/305)
- General Assembly resolution 63/303 on “Outcome of the Conference on the World Financial and Economic Crisis and Its Impact on Development” (A/RES/63/303)
- Letter of 10 June 2010 from the President of the Human Rights Council
- Summary by the Secretariat of the Human Rights Council panel discussion on the impact of the global economic and financial crises on the realization and effective enjoyment of all human rights (A/HRC/14/CRP.2)
- Resolution of the Human Rights Council 12/28 “Follow-up to the tenth special session of the Human Rights Council on the impact of the global economic and financial crises on the universal realization and effective enjoyment of human rights”
Related links
12 April
“The impact of the crisis on debt sustainability of developing countries”
- Tentative programme (with links to bios, presentations and statements)
- Informal summary by the Secretariat
- UNCTAD Secretariat Note on “The Impact of the Financial and Economic Crisis on Debt Sustainability in Developing Countries” (September 2009)
- World Bank (IDA) and IMF “Staff Guidance Note on the Application of the Joint Bank-Fund Debt Sustainability Framework for Low-Income Countries” (January 2010)
- GA resolution 64/191 on “External debt sustainability and development” (A/RES/64/191)
- SG report on “Towards a durable solution to the debt problems of developing countires” (A/64/167)
23 April
“Mobilization of additional resources to mitigate the impact of the crisis on the most vulnerable”
- Tentative programme (with links to bios, presentations and statements)
- Informal summary by the Secretariat
- “The global financial crisis and sub-Saharan Africa: The effects of slowing private capital inflows on growth” by José Brambila Macias and Isabella Massa
- UN-ECA “The global financial crisis: impact, responses and way forward”
(E/ECA/COE/28/6) - UN-ECA “Africa and The Global Financial Crisis: Towards A ‘Just Bargain’ at the G20 Summit”
- European Commission “Spring Package”:
- “A twelve-point EU action plan in support of the Millennium Development Goals”
- “Financing for Development – Annual progress report 2010 Getting back on track to reach the EU 2015 target on ODA spending?”
Related links:
30 April
“Access to credit and concessionary finance; fiscal space for countercyclical policies; and the current global reserve system”
- Tentative programme (with links to bios, presentations and statements)
- Informal summary by the Secretariat
- Letter of 28 April 2010 by Co-Chairs
- UN-ECLAC “The reactions of the Governments of the Americas to the international crisis: an overview of policy measures up to 31 December 2009”
- ECLAC/ILO Bulletin N° 2. “The Employment Situation in Latin America and the Caribbean: Crisis in the labour markets and countercyclical responses”
- UN-ECLAC “Latin America and the Caribbean in the World Economy 2008 – 2009. Crisis and opportunities for regional cooperation”
Related links:
- IMF Crisis lending
- IMF Conditionality
- IMF Extended Credit Facility (replaces PRGF)
- IMF Standby Credit Facility
- IMF Rapid Credit Facility
- IMF New Package of Concessional facilities
- IMF Reform of Concessional Lending facilities, Press Information Notice
- IMF’s Flexible Credit Line (FCL)
- IMF’s Special Drawing Rights (SDRs)
- IMF New Rules for Access to Concessional Loans
- Staff Position Note – The Debate on the International Monetary System (SDRs as a reserve asset and other needed reforms)
- Fiscal Policy in Sub‐Saharan Africa in Response to the Global Crisis (fiscal/policy space issues)
- Fiscal Policy for the Crisis
3 May
“Improved financial regulation and supervision”
- Tentative programme (with links to bios, presentations and statements)
- Informal summary by the Secretariat
- Letter of 28 April 2010 by Co-Chairs
- “The regulatory reform agenda – status and implications” by Aditya Narain, IMF
Related links:
26 May
“Reform of the international financial and economic system, including voice and participation of developing countries in the Bretton Woods institutions”
- Tentative programme (with links to bios, presentations and statements)
- Informal summary by the Secretariat
Related links:
- UNCTAD, G-24 Discussion Paper Series “Reforming the IMF: Back to the Drawing Board”
- Third World Network Briefing Paper 44 “Reform of the international financial architecture”
- South Center Policy Brief 1 “The Role of the United Nations in Global Economic Governance”
- World Bank “Voice Reform and Capital Increase” presentation by Ms. Lisa Finneran
- IMF “Briefing on Outcome of the April 2010 IMFC Meeting” presentation by Mr. Elliott Harris
2 & 4 June
“Strengthening the role of the United Nations in Global Economic Governance”
- Tentative programme (with links to bios and statements)
- Informal summary by the Secretariat
Related links: