In the financial sphere we re
cognise, on the one hand, the need to better utilise the existing capacity of the institutions which are part of the Bretton Woods system, and on the other hand, the need to improve the decision making process and the functioning of these institutions and their policies, in orde
r to enable them to respond better to the new challenges of the international economic system, which has undergone major changes in recent years. We recognise the need, in this regard, for e
...[+++]nhanced participation and active co-operation in decision making and in the establishment of the rules affecting economic issues of interest to the entire international community as a way of taking forward the concept of global governance.