R E P O R T 2 0 0 8 - Social Watch

S O C I A L W A T C H R E P O R T 2 0 0 8
“It is therefore critical that all countries have a say in the process to change the international
financial architecture. No equitable and sustainable solutions to transform the current
system will come out of gatherings that are rapidly-prepared and exclude many developing
countries as well as civil society (…) Only an inclusive international conference convened
by the UN to review the international financial and monetary architecture, its institutions and
its governance, can be comprehensive in scope, capable of tackling the full array of issues
and institutions and transparent in its procedures. In the transition from the current system
– which has fostered instability and inequity – towards a just, sustainable and accountable
one, which yields benefits for the majority of the world’s people (…) human rights must be
the starting point and not some distant goal in the future, and a rights-based approach to
development (with gender equality, decent work and human rights at its core) must be the
main guiding principle.”
Social Watch Report 2008
“Capital flight, tax evasion, fraudulent intra-firm trading and the very governance of the international financial
institutions (…) form part of a package, an architecture that badly needs to be redesigned.”
Social Watch Report 2006
“As a result of their attempts to ‘beat the market,’ many prominent CEOs ended up in jail in 2002, while
families that trusted them lost their retirement savings. In order for the same unrestricted and unregulated
market operators not to beat the poor, both governments and corporations have to be more accountable to
citizens everywhere.”
Social Watch Report 2003
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“The almost total freedom given to international investors and speculators has wreaked financial
and now economic and social chaos. The time has now come to regulate these big players.”
Social Watch Report 2000
GRAPHIC DESIGN: MONOCROMO
Social Watch is an international network of citizens’ organizations struggling to eradicate poverty and
the causes of poverty, to ensure an equitable distribution of wealth and the realization of human rights.
We are committed to social, economic and gender justice, and we emphasize the right of all people
not to be poor.
Social Watch holds governments, the UN system and international organizations accountable for the
fulfilment of national, regional and international commitments to eradicate poverty.
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