The Club de Madrid, the Center of Concern and the Friedrich-Ebert-Stiftung, have jointly organised the second conference this year at the International Monetary and Financial Institutions: “From Rising Inequalities to Shared Societies: The need to create a sustainable International Monetary and Financial System” , held on September 25 in Washington DC during the Annual Meetings of the IMF-World Bank.

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This debate on the reform of the international monetary and financial system to achieve equitable and shared societies was a great opportunity to contribute to the current debate about the need for a new paradigm for the international financial and monetary system toward producing an agenda for equitable development and social cohesion.

After the conference organised during the Spring Meetings (April 2011), the focus this time has specifically been put on the need to formulate a new consensus which incorporates social elements as well as hard economic considerations, and the incorporation of social policy elements into the aspects of policy and performance that states are required to meet within the framework of the international monetary and financial system.

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