Rethinking Bretton Woods | Mon, Nov 22, 2010
Last September, the Ubuntu Forum held an event in New York, in the context of the UN MDGs +10 High Level Summit. The meeting, under the title of “Innovative financing for the MDGs, a precondition for success”, was organized in collaboration with the International Trade Union Confederation (ITUC) and with the support of the United Nations Non-Governmental Liaison Service (UN-NGLS), the Center of Concern and SOLIDAR.
The core objective of this activity was that of discussing an essential issue regarding the fulfilment of the MDGs: the need to mobilize new resources to finance them. To this respect, the discussion explored the possibilities of applying taxes to financial transactions, such as a tax on currency transactions (a CTT or Currency Transaction Tax, a proposal that is seconded and promoted by the Ubuntu Forum).