BOSTON: The United States should take the lead in driving closer global cooperation, Prime Minister Gordon Brown of Britain said Friday in a speech that looked beyond the presidency of George W. Bush.
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Brown said he wanted to see changes in international institutions to reflect the new world order. His argument is that global problems need global solutions, using the credit crisis that has seized financial markets as an example.
"For the first time in human history we have the opportunity to come together around a global covenant, to reframe the international architecture and build the truly global society." He would like to see the following reforms:
· Expanding the permanent members of the UN security council members to include rising powers such as India.
· Strengthening the World Bank's effort on poverty, but also changing some of its focus to deal with climate change by creating a global fund to finance low carbon investment.
· Allowing the IMF to act with the same level of independence as a central bank. Brown also wants the IMF to focus on the surveillance of the global economic and financial system to prevent crises.
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