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Economic justice, Publications

New Release: Interest rate turnaround. A turning point for development finance?

By Bodo Ellmers
Since the adoption of the 2030 Agenda on Sustainable Development, development finance has operated under conditions of low interest rates and high liquidity in global financial markets. This has changed with the recent turnaround in interest rates. The briefing paper Interest rate turnaround. A turning point for development finance? describes the current trends, analyzes the implications for financing sustainable development in the Global South, and formulates policy recommendations on how countries in the Global South and their financing partners in the North can respond to the interest rate increases. Read more

Briefings, Economic justice

UN partnerships in the public interest? Not yet.

by Barbara Adams and Sarah Dayringer
The World Bank, together with the International Monetary Fund (IMF) and the development banks, have been proclaiming since 2015 that “to meet the investment needs of the Sustainable Development Goals (SDGs), the global community needs to move the discussion from ‘billions to trillions’” — that is from billions in official development assistance (ODA) to trillions in investments of all kinds: public and private, national and global, in both capital and capacity. Read more…

Briefings, Corporate Influence

Fit for Whose Purpose?

By Barbara Adams and Gretchen Luchsinger

A critical issue repeatedly arising in the post-2015 negotiations relates to responsibility. There is shared responsibility, the preference of rich countries who would like to shift traditional official development assistance (ODA) and other “burdens” given the “rise” of some developing countries. There is common but differentiated responsibility, stressed by developing countries to link common commitment with the reality of varying capacities.

Debates also circle, directly or otherwise, around the role of the state, with some camps continuing to promote its central responsibility. Others call for more room for “stakeholders” to be responsible—notably, the private sector.

For a look at how the balance between public and private responsibility has shifted, and what this means in the real world in terms of adherence to international standards and norms, one needs to look no further than the United Nations itself. A new Global Policy Forum Report—Fit for Whose Purpose? Private funding and corporate influence in the United Nations—details how private corporations and corporate philanthropic organizations are increasingly paying to play there.Read more…

Articles, Economic justice

Political vision should come before technical practicality

By Marina Ponti, Social Watch

On Monday, the 23rd of March 2015, government representatives will meet at UN Headquarters for five days of negotiations on the SDG’s goals, targets and indicators.

Governments should resist the temptation –particularly when looking at targets and indicators- to be restricted by existing quantitative monitoring systems and the current (and limited) availability of data.
Read more

Articles, Equitable Global Governance & UN reform, GPUNW

First UN post-2015 development agenda session: Southern perspectives on broad contours, principles and imperatives

By Bhumika Muchhala (Third World Network)

The United Nations General Assembly negotiations on the post-2015 development agenda kicked off on 19-21 January 2015 with Member States putting forward the broad contours of what they envision for the next 15 years of international development cooperation. Read more…

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