Social Watch E-Newsletter - Issue 283 - December 9, 2016

Issue 283 - December 9, 2016
   
 

The Inter-Agency Task Force on Financing for Development — Outlook for 2017

   
 

Since the of the Third International Conference on Financing for Development held in Addis Ababa, Ethiopia, the UN has continued to address global issues such as external debt sustainability and development, promotion of international cooperation to curb and recover illicit financial flows, raising domestic and foreign public and private investment, reaching commitments to official development assistance, critical analysis on proliferation of public-private partnerships for development, domestic resource mobilisation and tax justice, and sectoral financing (education, health, agriculture, etc...). Read more

 

   
   
 

United Nations: Human rights under unprecedented pressure worldwide

   
 

The "unprecedented pressure" being placed on international human rights standards risks unravelling the unique set of protections that have been set in place after the end of World War II, the UN High Commissioner for Human Rights has said, in the run-up to Human Rights Day on 10 December. The High Commissioner underlined that it was within the power of every individual to play a role in pushing back against such pressures.
Noting that many are already doing so, he said that 2016 has been a disastrous year for human rights across the globe, and if the growing erosion of the carefully constructed system of human rights and rule of law continues to gather momentum, ultimately everyone will suffer. "Climate change darkens our horizons. Discrimination, yawning economic disparities and the ruthless desire to gain or maintain power at any cost are the principal drivers of current political and human rights crises. Humane values are under attack - and so many people feel overwhelmed, unsure what to do or where to turn," said the human rights chief. Read more

 

   
   
 

"As feminist, women’s rights and gender equality advocates we reaffirm our vision of a world where aid is no longer necessary. Where unequal power relations and undemocratic distribution of wealth and structures of injustices all forms of violence and war are transformed to create new forms of relations based on equality, dignity, respect and human rights that enhance solidarity, equity, inclusion, non-subordination and justice for all." Read here the statement by the Feminist Constituency at the High Level Meeting on the Global Partnership for Effective Development Cooperation that was held in Nairobi, Kenya, 28th November to 1st December 2016. Read the statemente here

   
   
 

Over the past decade, sub-Saharan African countries have been issuing sovereign bonds at an unprecedented rate and many are now facing new repayment difficulties. A recently-released report, Bond to Happen Recurring Debt Crises in Sub-Saharan Africa and the Rise of Sovereign Bond Issuance, explores the economic and financial situation of a selection of African countries, with a focus on the role of sovereign bonds. It finds that although there are substantial opportunities associated with sovereign bond issuance, there are also substantial risks.
The report asks the question: Is there a debt crisis waiting to happen on the subcontinent? And how can we improve our international system for responsible lending and borrowing? As financing for development is central to attaining the Sustainable Development Goals (SDGs), the question of whether the existing frameworks for and practices of contracting debt are likely to be pro-development is of particular concern. Read more

 
   
   
 

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SOCIAL WATCH IS AN INTERNATIONAL NGO WATCHDOG NETWORK MONITORING POVERTY ERADICATION AND GENDER EQUALITY
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