our work
The Global Economic Systems, Institutions,and Policy
gesip
The GESIP Working Group is comprised of economic, social, political and fiscal/finance policy experts, practitioners, and advocates from around the world but primarily from the Global South working to develop the specific recommendations, policies and interventions that will fundamentally transform the global financial and economic architecture and systems in ways that create the conditions for Africans and people of African descent to thrive.
our system
framing
Developing common framing across our work as it relates to reparations and the global financial architecture.
climate reparations/ loss & Damage & climate finance
Climate reparations, loss and damage, and climate finance are all critical elements of the global response to climate change.
Illicit Financial Flows; Repatriation of Stolen Assets and Artifacts
The illegal movement of money or assets from one country to another, often the purpose of tax evasion or other illegal activities.
Debt
The need to increase revenue for countries in the global south and the challenges they face in dealing with debt and financial systems.
The Global Economic Systems, Institutions,and Policy (GESIP) Working Group was formed in 2022 by the Global Circle on Reparations and Healing. The formation focuses on the role of global systems, global institutions, and the global economic architecture in perpetuating harm around the world and particularly in the Global South.
The United Nations outlines 5 conditions that must be met for full reparations. The first condition is critical and undergirds the GESIP Working Group’s work: Cessation, Assurances and Guarantees of Non-Repetition. The GESIP Working Group believes that in order to guarantee an end and non-repetition of harm, the systems, structures, and institutions that caused the harm must be transformed and/or new systems, structures, and institutions must be created. In no other space is this notion more evident than in considerations of the global financial architecture, global economic policy and the systems and structures that comprise and advance them. The Global EconomicSystems, Institutions, and Policy (GESIP)Working Group was formed in 2022 by the Global Circle on Reparations and Healing.
While the Working Group’s focus is on global economic policy, questions of monetary sovereignty and development, we recognize parallels with domestic economic policy agendas and align our outputs with those domestic realities.
