International institutions have been central to our pursuit of stability, prosperity, and equity for the past 50 years. Last year, in Naples, we called for a review of the international institutions to ensure that they are equipped to deal effectively with the challenges of the future. Today, in Halifax, we are proposing some concrete steps toward this goal.
All countries have a stake in effective, efficient institutions.
We pledge our full energies to strengthening the institutions in partnership with their entire membership to enhance the security and prosperity of the world. Strengthening the Global Economy 12. The world economy has changed beyond all recognition over the last fifty years. The major challenge confronting us is to manage this increased interdependence while working with the grain of markets, and recognizing the growing number of important players. This is especially important in the pursuit of global macroeconomic and financial stability.