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Assessing the Delivery of the 100 Billion US$ for climate action

In 2009, high-income countries committed in the Copenhagen Accords to mobilize US$100 billion a year by 2020 in climate finance for low- and middle-income countries. Oxfam reported on the progress of this commitment in 20162018 and 2020. This year’s report finds that high-income countries have not only failed to deliver on their commitment, but also – as in previous years – generous accounting practices have allowed them to overstate the level of support they have actually provided. Moreover, much of the finance has been provided as loans, which means that it risks increasing the debt burden of the countries it is supposed to help.

Report of Oxfam International

Financing the Common Good

The International Monetary Fund (IMF) and the World Bank recently held their annual spring meetings, which, according to the organisers, produced a “strong message of confidence and a willingness to cooperate.” But lofty rhetoric and good intentions will not be enough to create a truly inclusive and sustainable economy fit for the twenty-first century. For that, deep structural change is needed.

Article by Mariana Mazzucati

Reforming the International Financial Architecture

Interesting developments at the UN, in preparation for the Financing for Development Conference. And interesting paper from Global Policy Forum

Foreign Aid Was Supposed To Help Nations In Need but Has Instead Enriched Western Contractors

This piece is well-developed, with an essential historical context going back many decades that is essential to understanding how we got here and is often obscured in contemporary accounts. The history here is particular to USAID, but the patterns and practices described apply to the entire OECD global aid complex, including Canada.

https://newlinesmag.com/argument/foreign-aid-was-supposed-to-help-needy-nations-but-has-instead-enriched-western-contractors/

Global Health at the Crossroads between Corporate interests and Solidarity

The World Health Organization recently concluded another World Health Assembly in May. Discussions at the WHA focused on the organization’s role in health emergencies and its financing challenges. Some last-minute changes in the decision on strengthening WHO’s flexible budget raised concerns among civil society about increased corporate influence, which could undermine WHO’s mission of promoting health for all.

Global Health Dispatch

Southern Debt Report

Report reveals the challenges and risks of the growing indebtedness in Global South countries – interesting report by Latindadd

Questions and Answers about the Right to Social Security

This question-and-answer document by Development Pathways and Human Rights Watch examines the human right to social security, and how universal social security can help protect people from economic shocks and other emerging threats, including climate-related hazards, while building just societies where all rights are realized. It also explains why policymakers should orient their policies toward establishing universal social security systems and avoid narrowly means-tested programs.

Social security is a human right, dating back to the 1948 Universal Declaration, and enshrined in a range of treaties and constitutions. It is closely linked with the right to an adequate standard of living and other economic, social and cultural rights.

Why Billionaires Hate Social Security

The real goal of billionaire-funded Social Security rhetoric is to prevent the public from drawing a connection between Social Security’s finances, the working-class retirement crisis, and the ludicrous amounts of wealth held by America’s billionaires.

Read this most interesting article

The first trillionaire: no cause for celebration

I explained back then how tax policy was supercharging the accumulation of obscene fortunes in America. Policy makers, I noted, had lifted the lid on wealth accumulation by decreasing taxes on inheritances and income from capital. That policy failure would go on to become substantially worse in 2017 with the passage of the Tax Cuts and Jobs Act.

Others would see this same ominous trend. In an interview with CNBC, several experts recognized the distinct possibility the world would have its first trillionaire by 2039, the year CNBC would turn 50.

Read the article by ‘Veteran tax attorney Bob Lord, an Institute for Policy Studies associate fellow, is currently serving as a senior advisor on tax policy for Patriotic Millionaires.

Sustainable development and just transition?

On the many dilemma’s, questions and problems concerning de-growth, post-growth, beyond growth … and its link to social justice. Also, what is ‘just transition’ if we think of labour market developments? And how to solve the inextricable problem of extractivism when the transition requires millions of tons of minerals?

Sustainable development and just transition? | Meer

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