“Surveillance has, if anything, retreated. The IMF has done good work on revising its lending facilities, particularly the transformation of the CCL into the FCL, but no new countries that would immediately benefit, such as Spain, have been convinced to accept it. The attempt to consider debt management in the G20 has been abortive. Coordination of fiscal targets has not advanced. Discord remains on financing the European crisis. The IMF is still too small.”

“Basel III and FSB work are important first steps and should be recognized as such. Banks are already making moves to raise capital. Surveillance frameworks are improving. But the FSB and G20 work on these issues needs to be brought to intermediate conclusions and deadlines for action agreed.”

“ODA targets from Monterrey and Gleneagles remain unfulfilled. MDGs have provided an excellent framework for strategic action and time-bound targeting, but major multilateral and national development institutions have not sufficiently integrated them into their operations and strategic planning. Major G8 initiatives such as the Muskoka agreements on child and maternal health are still pending. There needs to be a better system of monitoring and accountability on past commitments. Innovative financing sources discussion is a distraction from the need to follow through on existing goals. Similarly, the post-2015 agenda is regressive: there is no need to take the focus off achieving the MDGs. We should have simply extended the deadline.”

“WTO process is being actively undermined by regional and bilateral negotiations.”

“The UNFCCC is dead. Climate change negotiations should be moved to the G20.”