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The World Bank’s commitment to development can and should go beyond financing mega-projects and proactively support smaller, inclusive projects likely to create employment while advancing human rights and environmental protection, a United Nations rights expert has urged.

“Progress cannot be measured only by increases in Gross Domestic Product (GDP) but must also encompass the enhanced enjoyment of human rights and a higher standard of living,” said the Independent Expert on the promotion of a democratic and equitable international order, Alfred de Zayas.

“I have gathered numerous examples of human rights violations which have been alleged in connection with projects the World Bank has financed, including mass evictions and involuntary resettlements, land-grabbing, pollution, the destruction of livelihoods, forced and child labour, and sexual abuse,” said Mr. de Zayas, who has highlighted many such cases in his full report to the Human Rights Council in Geneva.

Past studies have measured poverty in either relative terms (mostly in the developed countries) or absolute terms (the developing world). This column presents a new unified approach to global poverty that assumes that people care about both their own income and their income relative to others in their country of residence. The study finds that global poverty has declined more in absolute terms than in relative terms. The vast bulk of the relatively poor now live in the developing world. The advanced countries have seen little progress against poverty, unlike the developing world.

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The argument that spending on social protection is unaffordable is becoming less common in international development forums. Finding fiscal space for critical economic and social investments is necessary for achieving the Sustainable Development Goals (SDGs), for sustained human development of children and women, and for realizing human rights, particularly during downtimes.
This paper presents eight financing alternatives, based on policy positions by the United Nations and international financial institutions, and shows that fiscal space for social protection and the SDGs exists even in the poorest countries.

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"The Trade and Development Report 2017 argues that now is the ideal time to crowd in private investment with the help of a concerted fiscal push – a global new deal – to get the growth engines revving again, and at the same time help rebalance economies and societies that, after three decades of hyperglobalization, are seriously out of kilter. However, in today’s world of mobile finance and liberalized economic policies, no country can do this on its own without risking capital flight, a currency collapse and the threat of a deflationary spiral. What is needed, therefore, is a globally coordinated strategy of expansion led by increased public expenditures, with all countries being offered the opportunity of benefiting from a simultaneous boost to their domestic and external markets."

And Unctad examines the possibilities of taxing the 10 % richest ...

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Please find below the Call of the Treaty Alliance (www.treatymovement.com), which has been conformed with the support of the Global Campaign to Reclaim Peoples Sovereignty, Dismantle Corporate Power and Stop Impunity jointly with other networks and organisations, since 2013 in the process towards the UN Binding Treaty.

Thanks a lot for spreading and endorsing this call and for endorsing (see below the instructions, please DON'T send your endorsement copying the list).

Strong call by Treaty Alliance as UN process enters new phase

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