What would be the relationship between a Parliamentary Assembly and the World Bank, the International Monetary Fund and the World Trade Organization? » Campaign for a UN Parliamentary Assembly
 

What would be the relationship between a Parliamentary Assembly and the World Bank, the International Monetary Fund and the World Trade Organization?

Over time, a Parliamentary Assembly would be vested with consultative functions and rights to information also vis-à-vis the World Bank, the International Monetary Fund and the World Trade Organization. This would be an important contribution to making global governance more coherent and systematic. Later, the UNPA could be endowed with rights of participation and oversight as well. As the World Bank group, the International Monetary Fund and the World Trade Organization are legally independent international organizations, the functions of a Parliamentary Assembly would need to be enshrined through relationship agreements or by a change of those organizations’ statutes, agreed to by the member states.