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 RBW Project Director Aldo Caliari reports on the outcomes of the first ECOSOC Financing for Development Forum, centerpiece of the reinvigorated follow up created by the Third Financing for Development Conference held last year.

2015 was an eventful year for everyone who cares about sustainable development. Three large conferences (financing for development, Agenda 2030 for Sustainable Development, and the Paris Climate agreement) unveiled, together, an ambitious agenda of multilateral efforts to eradicate poverty while preserving and nurturing our planet.

But those observing the first event to follow up on such lofty and ambitious commitments were suddenly awakened to the bitter reality of transitioning from paper to the realities of implementation

Many people from African countries, especially the youth, leave their homes in hope for a better life. The Global North contributes to these migration movements in various direct and indirect ways, from destroying the livelihoods of farmers and fisher (wo)men to the changing climate. Under these conditions migration is often the only way for young people to survive.

On the 17th of April, Italians were called to vote in a national referendum, on the extension of licenses to extract petrol and gas from the seas. The government, the media and those in the economic circles, all took a position against the referendum, claiming that 2000 jobs were at a stake. The proponents of the referendum (among them five regions), lost. Italy is following a consistent trend, after the Summit on Climate Change (Paris December 2015), in which all countries (Italy included) took a solemn engagement to reduce emissions.

The financial secrecy and tax evasion revealed by the Panama Papers has an extraordinary human cost in developing countries and threatens the realisation of the UN’s ambitious Sustainable Development Goals.

The ongoing leak — made public by media outlets including German newspaper Süddeutsche Zeitung, the International Consortium of Investigative Journalists (ICIJ) – has already prompted protests and investigations around the world. The papers connect thousands of prominent figures to secretive offshore companies in 21 tax havens and reveal the inner workings of the offshore finance industry.

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