G20 2018

English

Whither Democratization and Sustainability?

pdf
Critique

Increasingly, donors and creditors are joining together to mobilize "billions" in public money in order to leverage "trillions" in private investment in development.  This month at the G20 meeting in Indonesia, bold system-wide reforms in global financial governance are being approved; some are already being implemented.  Nancy Alexander and Rick Rowden describe these system-wide reforms and conclude that, on the current course, the reforms could undermine the public interest in sustainable development and climate goals.  It is crucial to ensure that proposed reforms respect democratic practices and promote sustainability.