2010 Annual Report
Creating a more just global financial system
Organizations worldwide are striving to make the global financial system more transparent and democratic.
The global financial system is immensely complex, deeply interconnected and largely opaque. Only a few years ago, many people were unaware of its workings, even of its existence—but that situation is changing rapidly. Today, individuals and organizations are asking hard questions about the system, among them why the global financial crisis happened and how it could have been avoided. Through research and debate, they are advancing a global consensus about how financial institutions and governance mechanisms could be changed so that they consistently place a higher value on financial stability, growth, employment and poverty alleviation.
Explore global finance interactive »Our grantee partners are tackling these challenges from many angles. Some are shedding light on the workings of the banking system and documenting the global implications of its existing dynamics. Some are showing how regulatory bodies and agreements operate, and how they could be redesigned to protect the interests of working people. Others are emphasizing what needs to be done to democratize decision making and bring the voices of citizens into the conversation.
A wiser, more democratically governed global financial system would make a real difference, now and in the future, in creating the economic conditions under which other efforts to reduce poverty and advance social justice could succeed.
Learn about our Reforming Global Financial Governance initiative »
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