The new UN Report, the World Economic and Social Survey looks at different proposals for development finance, from a financial transaction tax, taxes on greenhouse gas emissions to special drawing rights. It looks at the best allocation of these funds and states a change of global governance is necessary.
Social Protection Floor: beyond poverty reduction?
Francine Mestrum, PhD
Global social justice (www.globalsocialjustice.eu)
In this article I want to analyze different proposals for a ‘social protection floor’. What exactly do they mean? Do they go beyond poverty reduction? Is it a step towards a universal social protection system? The ILO recommendation will be compared to the report written by the Advisory Group chaired by Michelle Bachelet, the European Development Report 2011 on social protection, and the Latin American ECLAC (UN Economic Commission for Latin America and the Caribbean)proposal for an Inclusive Social Protection.
Read more: Social Protection Floor: beyond poverty reduction?
The AidWatch Report 2012, ‘Aid We Can: more investment in global development’, written by CONCORD, the European confederation for Relief and Development NGOs, shows that:
9 EU countries beat aid targets, but Germany and France missed the mark in 2011. Luxembourg, Sweden, Denmark, the Netherlands, United Kingdom and Malta (the only EU 12 country), Belgium, Finland and Ireland all met their targets. Germany and France however are way off track, both giving less than 0.5% of their GNI to development aid.
Read the report
inancial outputs takes oecedence over development outcomes ... an analysis of the Belgian investment company for development ...
In a major report, the United Nations today proposed a series of financial mechanisms to raise $400 billion annually for development needs, as many donor countries have cut back their assistance funding due to the global economic crisis.
Read more: UN PROPOSES MECHANISMS TO RAISE $400 BILLION TO CLOSE GAP ON DEVELOPMENT FINANCING NEEDS
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Read more: Big Banks have Criminally Conspired Since 2005 to Rig 800 Trillion Dollar Market
Apparently, some people still believe in it ...
The Center for Global Development wrote a paper on the future of the Millennium Development Goals.
The deceiving result of the Rio+20 conference...
(From Global Financial Integrity)
There are obvious relationships between illicit financial flows, corruption, and tax evasion and environmental sustainability. For example, shell corporations can be used to mask illegal fishing or poaching. Corruption can enable companies to get around environmental compliance laws. And tax evasion can divert valuable resources away from environmental enforcement. In sum, illicit financial flows are human constructs that supplement and enhance damaging human behavior, contributing both to stagnating economic growth and worsening environmental conditions.
Read more: Sustainability and Illicit Financial Flows: not unrelated
Delighted to inform you that on Friday (22 June) the campaign made an enormous stride forward with 9 countries agreeing to proceed with the FTT: France, Germany, Austria, Belgium, Slovenia, Greece, Spain, Portugal and Italy.
There has been a reasonable amount of coverage, but please read this to get a quick reprise: http://robinhoodtax.org.uk/latest/group-european-countries-agrees-push-ahead-robin-hood-tax. There is still a lot to do to make sure the countries actually implement, that other countries are brought on board and that funds don't just go from one lot of banks to bail out another lot of banks. I will keep you posted with more news as I get it but as many of you will appreciate who have followed this campaign over a number of years, we've come a long way!