About New Rules
The New Rules for Global Finance Coalition was incorporated in 2006 as a non-governmental organization, with the aim to promote reforms in the rules and institutions governing international finance and resource mobilization, in order to support just, inclusive and economically sustainable global development. New Rules convenes critical actors, civil society and policymakers from developed and developing countries to identify and advocate politically feasible and technically sound solutions to the systemic causes of global poverty, inequality and economic injustice.
New Rules’ projects and networking activities address and promote international financial institutions’ governance reforms, poverty impact assessment measures, policy advances in financing for development, innovations in reforms of private sector finance, and capacity building for revenue collection in developing economies.
In a world where private financial flows dwarf traditional development assistance, developing countries – and their citizens – are increasingly impacted by global financial stability, capital flows (licit and illicit), commodity price volatility, bank insolvency and other external shocks related to finance. Strengthening accountability, transparency, inclusiveness and responsibility in the global financial system is imperative for achieving positive outcomes in global development.
Most importantly, finance must serve society and the real economy – and not just the interests of a few. New Rules advocates for just financial policies that reduce the systemic causes to poverty and inequality; and works to increase the voice of developing countries and civil society in global financial rule-making. The opportunities for civil society to grasp and promote rules that benefit them, and become catalysts for transformative change, have never been greater. New Rules seeks to enhance and broaden these opportunities for civil society in developing countries so that they may influence the policies that ultimately impact their lives.
New Rules’ current project and activities focus on 5 areas: 1) advocating governance reforms of the IMF and other international financial institutions (IFIs); 2) strengthening civil society engagement and voice in global financial rule-making; 3) developing practical, cost-efficient tools of poverty impact assessment (PIA) of macro-economic policies; 4) analyzing the impact of global financial rules and reforms on sustainable development and real economies in developing countries; and 5) advocating South-South exchange of successful practices and norm setting in domestic resource mobilization (i.e. government revenue collection).
New Rules also produces an annual publication (launched in 2013): Global Financial Governance & Impact Report
New Rules for Global Finance Coalition, Inc. is recognized by the United States Internal Revenue Service (IRS) as a tax-exempt non-profit organization under section 501 (c) 3 of the US Internal Revenue Code.