The United Nations and Global Economic Governance, a UN General Assembly (UNGA) special event, was held on April 15th, 2013. The debate, including member states and representatives of the international financial institutions, revolved around the role of the UNGA in interacting with the international financial and monetary institutions. The importance of these institutions for the global transition to sustainable development was also discussed.
UNGA President, Vuk Jeremic, emphasised the need for “more inclusive and participatory” governance of the global economy, and stressed the need for the involvement of international financial bodies in the creation of a post-2015 development agenda.
The UN Deputy Secretary General, Jan Eliasson, also touched on the development issues, arguing that “effective and fair global economic governance will be an important factor for the post-2015 framework”. He pointed out that issues such as climate change, water, energy and food security needed strong economic governance. The need to accelerate efforts to achieve the MDGs in their final 1000 days was also stressed, with the need for coordination between the UN and World Bank.
You can watch the videos of the event here: