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Calls for reforms of the international financial architecture are becoming ever louder. Governments, UN institutions, expert groups and civil society organizations are criticizing the fact that the network of institutions and rules that currently determine global monetary and financial policy and control global financial flows are not up to the current crises. The international financial architecture is “outdated, dysfunctional and unfair”, according to UN Secretary-General António Guterres.

In view of these challenges, the UN Member States made the reform of the international financial [...]

The adequate mobilization of climate finance remains one of the greatest challenges of our time. Under the United Nations (UN) climate agreements, rich countries have pledged to support the global South in the fight against climate change and the associated human rights violations through financial transfers. However, the repeated failure to meet the corresponding target of providing US$ 100 billion per year has led to diplomatic tensions and is one of the main reasons for the lack of success in the fight against climate change.

The debate on how additional funds can be mobilized – including [...]

Private foundations play an increasingly important and influential role in global health; however, this role has been poorly monitored and largely unevaluated, prompting calls for greater accountability. At a minimum level, clear information should be provided about their grant-making activities. We describe the global health granting patterns of three private foundations: the Rockefeller Foundation (RF), the Wellcome Trust (WT), and the Bill and Melinda Gates Foundation (BMGF), using data publicly available on their websites, for the years 2018 – 2020.

The BMGF is the largest private funder [...]

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The World Bank is considered to be the most important multilateral development bank (MDB). Since it was founded in 1944 at the United Nations Monetary and Financial Conference to finance the reconstruction of war-torn Europe, it has reinvented itself several times. The most significant change was the transformation from a reconstruction bank to a development bank. Today, the World Bank finances exclusively in countries of the global South, while continuing to be controlled by the economic powers of the global North.

A new process for World Bank reform has been underway since 2021. This began [...]

This new report Spotlight on Global Multilateralism offers critical analyses and presents recommendations for strengthening democratic multilateral structures and policies. Its contributors cover key areas such as peace and common security, reforms of the global financial architecture, calls for a New Social Contract, an inclusive digital future, the rights of future generations and the transformation of education systems. The report also identifies built-in deficiencies and weaknesses of current multilateral structures and approaches. This applies, inter alia, to concepts of corporate [...]

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