Assembly and at the G-8, currently G-10, summits in Cologne and on Okinawa. Among the key ones- improvement in the mechanisms of the early warning and financial crises prevention. Namely in this sphere the UN, due to its powerful analytical potential, could be extremely useful.Special attention on the part of the UN and international financial institutions is required opinion, to the issues of strengthening the potential of developing and “transitional” economies in monitoring and regulating activities of financial markets and the banking sector. Of particular importance shall be restructuring of the banking sector, so that its activities ensure economic growth. The UN assistance along these vectors seems to be of special importance since, according to the established ideas, the rates of liberalization should correspond to the specific economic and institutional conditions of the individual countries.In conclusion, we would like to underline that one of the key factors, capable of ensuring successful reform of the international financial system, is the building-up of the fruitful cooperation between the UN system, on the one hand, and the Bretton Woods institutions and WTO, on the other. ...
