6. Calls, ahead of the forthcoming meetings on the reform of the Bretton Woods institutions, for a strengthening of multilateral cooperation in order to stabilise capital flows, including more stringent disclosure requirements and strict regulation of institutional actors investing in food and energy; calls for the establishment of rules on transparent income reporting by and effective taxation of transnational corporations; calls for the strengthening of worldwide tax cooperation and the setting-up of an International Tax Organisation; calls for a multilateral facility to be set up within the IMF in order to help ...[+++] developing economies confronted with large capital outflows in the context of the global financial crisis, including a multilateral guarantee framework; calls for a reform of the governance of the Bretton Woods institutions;

In doing so, the Commission shall coordinate closely with the Bretton Woods Institutions, and, when required, with the Economic and Financial Committee.

In doing so, the Commission shall coordinate closely with the Bretton Woods Institutions, and, when required, with the Economic and Financial Committee and the European Parliament .

33. Calls for the upgrading of the Economic and Social Council (ECOSOC), a drastic reduction in the number of its members and reinforcement of its decision-making powers in order to transform this body into the equivalent of the Security Council in areas dealing with economic matters, finance, development, biotechnology, communication systems, ethics, and threats to the climate and the biotope; calls for the establishment of a close and permanent consultation mechanism between a reformed ECOSOC and the Bretton Woods Institutions as well as the World Trade Organisation (WTO), enabling ECOSOC effectively to assess pro ...[+++]gress on the UN development agenda and to serve as a high-level development cooperation forum; calls for a better coordination mechanism between the various United Nations agencies operating under the aegis of ECOSOC; supports the proposed biennial high-level Development Cooperation Forum and the establishment of an ECOSOC Executive Committee;

30. Calls for the upgrading of the Economic and Social Council (ECOSOC), a drastic reduction in the number of its members and reinforcement of its decision-making powers in order to transform this body into the equivalent of the Security Council in areas dealing with economy, finance, development, biotechnology, communication systems, ethics, and threats to the climate and the biotope; calls for the establishment of a close and permanent consultation mechanism between a reformed ECOSOC and the Bretton Woods Institutions as well as the World Trade Organisation (WTO), enabling ECOSOC effectively to assess progress on ...[+++]the UN development agenda and serve as a high-level development cooperation forum; calls for a better coordination mechanism between the various United Nations agencies operating under the aegis of ECOSOC; supports the proposed biennial high-level Development Cooperation Forum and the establishment of an ECOSOC Executive Committee;

- the country concerned must undertake a reform programme approved by the Bretton Woods institutions or implement programmes recognised as analogous, in coordination with those institutions, but not necessarily financially supported by them, in accordance with the scope and effectiveness of the reforms,