Recommendations
To national governments
· Formulate, implement and oversee economic policies and development plans in non-discriminatory ways with
special attention to the rights of minorities. The use of participatory human rights impact assessments —with
data disaggregated by social, language and ethnic group— is essential to ensuring economic stimulus packages
and other economic policies do no harm and, moreover, have positive impacts across society.
· Primary commodity-dependent countries should see the current commodity price crisis as an opportunity to
move away from the export-led model. Furthermore, these countries should increase their domestic demand
by focusing on their domestic and/or regional markets, especially the food and consumer goods segments
where small scale producers, frequently members of minorities, are concentrated.
· Governments—domestically and in concert with others—have obligations to adopt policy and legal measures
to protect minorities against abuse and fraud by preventing banking and other financial sector entities (such as
hedge funds, private equity funds, derivative instruments and credit rating agencies) from actions which risk
interfering with the realization of their rights. Governments in this regard must strengthen accountability and the
rule of law by, for example, reigning in criminal behavior. Where certain acts are not qualified as crimes (i.e.
"tax evasion" in certain countries) or as an offense that triggers legal liability, then appropriate legislation should
be brought to bear.
· Banking sector reforms should preserve the space for national governments to regulate banking services to
ensure that they do not discriminate against minorities, the poor or disadvantaged, but instead serve the
interests of society by ensuring access to credit for all. If state-provided banking services are considered a
better option for achieving those purposes, they should be fully employed.
· Central banks should recognize that their autonomy does not mean a lack of responsibility for the fulfillment
of human rights obligations undertaken through policies of which they are part and parcel. Central banks must
then balance the need to achieve stable and low inflation with their duties to battle income inequities and
stabilize employment and means of livelihood of the minorities through various credit and supervisory
instruments.
To the international community
· Principles of accountability and participation in economic policy-making are impaired when intrusive policy
conditions are demanded by international financial institutions and donors. States should be empowered to
assert that their obligations towards minorities and other vulnerable sectors take full priority over any other
economic, trade or investment commitments. Developing countries should have policy space to implement
policies that are best for all their citizens, particularly the poorest and the minorities. In this vein, conditionalities
imposed by international financial institutions should be removed. Specific policy measures should be agreed
upon in advance of any commitments of new resources to the IMF, including more macroeconomic flexibility,
and a guarantee that countries will have choice to expand healthcare and education spending, irrespective of
budget caps.
· Ensure a coordinated global macroeconomic policy response to the global financial and economic crises that
focuses on counter-cyclical and expansionary monetary, credit and fiscal policies not only in developed
countries, but in all countries. This could include a global stimulus package for economic growth, creation of
full and productive employment and decent work, social protection, food security and human development.