Human rights based approach to recovery from the global economic and financial crises, with a focus on those living in poverty 2011, para. 98
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International financial institutions have played a vital role in providing financial and institutional support to many developing countries during the crises and in their aftermath; however, onerous conditionalities raise several human rights concerns. States that are members of these institutions should ensure that human rights are prioritized in all policies and measures. This obligation lies particularly with those States with the greatest powers of participation, voting and decision-making in the institutions. They must ensure that the actions of the institutions do not impede the realization of human rights. Moreover, States should remain committed to undertaking major reforms to the governance of these institutions to be more inclusive and representative, and to enhance transparency and accountability.
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Non-negotiated soft law
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Special Rapporteur on extreme poverty and human rights