Promoting international monetary stability
- Supporting financial system security
- Promoting monetary stability
- Achieving stable international economic environment
Description
The aim is to encourage a stable and predictable international economic environment, particularly with regard to monetary stability, real rates of interest and fluctuations in key exchange rates.
Context
This strategy features in the framework of Agenda 21 as formulated at UNCED (Rio de Janeiro, 1992), now coordinated by the United Nations Commission on Sustainable Development and implemented through national and local authorities.
Claim
1. International financial stability is a prerequisite for achieving sustainable development. Sustainable development is impossible in a climate of boom and bust economic instability. The US and EU, should not constrain governments' ability to adopt capital controls on the national level. They should also commit to study proposals for a tax on international speculation.