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How can National Development Banks support human rights?

Rethinking Bretton Woods | Sat, Aug 29, 2015

How can National Development Banks support human rights?

After the global financial crisis, the need for a strong developmentalist State to play a role in the economy has been gaining currency. National Development Banks are one of the instruments a State can use to spur the development process, especially where market-based approaches will fall short of the desirable social outcomes. This primer released by RightingFinance discusses this institution and how human rights principles are applicable to their utilization.

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Rethinking Bretton Woods | Tue, Aug 18, 2015

South Africa events feature RBW on infrastructure, finance and human rights

On August 19-21, 2015, RBW Project Director Aldo Caliari will attend the Winter School on Infrastructure Investment and Development in Africa, being held in Johannesburg (South Africa). At the meeting, organized by the Heinrich Boell Foundation and Third World Network-Africa, he will speak on the role of institutional investors in financing infrastructure, financial markets and the relationship with sustainable development goals and human rights.

The day before (August 18th) he will deliver a presentation on human rights and finance at the University of Pretoria, where he will also meet faculty and authorities. On August 21st, he will deliver a presentation on related issues to an audience of practitioners, researchers and others at the South African Institute for Advanced Constitutional, Public, Human Rights and International Law.

Center of Concern | Tue, Aug 11, 2015

Center President at Vatican Conference on Encyclical Laudato Si and CIDSE 50th Anniversary

Center of Concern President Dr. Lester A. Myers attended the conference, “People and Planet First: The Imperative to Change Course,” at the Vatican from July 1st through 3d to celebrate the 50th anniversary of Coopération Internationale pour le Développement et la Solidarité (CIDSE) and to discuss issues of integral ecology in the wake of the publication of Pope Francis’s encyclical, Laudato Si. The Center is the United States representative to CIDSE, an international alliance of 17 Catholic development agencies based in Brussels working together for global justice. The founding of CIDSE occurred in the final weeks of Vatican Council II and the alliance and its members have served the Church and the world to help implement the council’s vision for a more just global community.

Rethinking Bretton Woods | Sat, Aug 8, 2015

RBW speaks on financing for development and right to education

On August 10 through 12, 2015, RBW Project Director Aldo Caliari joins the VIII Meeting of the Regional Fund of Civil Society for Education, which is organized in Buenos Aires (Argentina) by the Latin America Campaign on the Right to Education (CLADE, by its acronym in Spanish), Ayuda en Accion Foundation, and others. At the meeting, which will be attended by education specialists and advocates from the region and beyond, he will speak on Financing for Development and the post-2015 development agenda, and what is at stake for Latin America/Caribbean region and the right to education.

Rethinking Bretton Woods | Fri, Jul 31, 2015

Greek crisis brings to the fore human rights implications of macroeconomic policies

On a recent press release, the UN Independent Expert on Foreign Debt and Human Rights, Juan Pablo Bohoslavsky, urged the European institutions, the International Monetary Fund and the Greek Government to fully assess the impact on human rights of possible new austerity measures to ensure that they do not come as a cost to human rights. “[F]urther adjustment policies should respect the human rights obligations that are binding not only for the Government of Greece, but as well for the creditor countries and lending institutions,” he said, adding that some of the harsh austerity measures could be incompatible with European and international human rights law. (Photo credit: CC/Flickr/ Jonathan Stevenson/Jubilee Debt Campaign)

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How much did the IMF and World Bank influence Financing for Development?

Rethinking Bretton Woods | Wed, Jul 22, 2015

How much did the IMF and World Bank influence Financing for Development?

In a recent briefing published by the UK-based Bretton Woods Project on its “At Issue” edition of its bulletin “The Observer,” Center of Concern team member Aldo Caliari reflected upon the often problematic role played by the IMF and World Bank in the negotiations leading up to the UN's Financing for Development (FFD) recently held  in Addis Ababa.

Center of Concern | Fri, Jul 17, 2015

“Inaction agenda” from Addis Ababa Conference, criticized by CSOs

CSOs from all over the world criticized the limited ambition of the “Addis Ababa Action Agenda” adopted by the Third Financing for Development Conference in Addis Ababa (Ethiopia), with some calling it an “agenda for inaction.”

The conference “lost the opportunity to tackle the structural injustices in the current global economic system and ensure that development finance is people-centered and protects the environment,” CSOs said in a sharp statement issued after the adoption.

Speaking at the CSO press conference on July 16th, Center of Concern team member Aldo Caliari said “We have identified more than 20 areas in which this outcome retrogresses over the previous Financing for Development Conference Outcomes from Doha and Monterrey --from inequality to universal services, including debt, taxation and many others.”

“For months we have been hearing hyped –up rhetoric about ambition and the importance of this conference for supporting the post-2015 development vision. We are disappointed that this outcome does not provide the strong means of implementation required for such a vision to become reality.”

“I think we can be proud, however, of the role that we played as CSOs. The fact that it was our priority issues that became the stickiest ones in the discussion demonstrates that we have had an impact on the agenda. If there had been a fair and good faith process of negotiations, I’m confident we would have also had much more impact on the outcome.” He was referring to the hardest issue in the negotiations, namely, the call for an intergovernmental body to ensure universal participation in tax cooperation standard-setting, as well as the push for a stronger institutional follow up and the application of the Rio Principle of Common but Differentiated Responsibilities in financing sustainable development.

“The methodology of negotiations used this time sets a very bad precedent we really hope will not be used in a UN negotiation ever again,” he said. Learning the lessons from the negotiations process that led to this outcome will have immediate relevance for ongoing negotiations in the lead up to the Post-2015 development agenda Summit, which will be held in New York in September of this year.

Rethinking Bretton Woods | Thu, Jul 9, 2015

RBW attends Addis Ababa Financing for Development Conference

On July 13-16, 2015, RBW Project Director Aldo Caliari will attend the Third Financing for Development Conference in Addis Ababa (Ethiopia). Also in Addis Ababa, the previous weekend, July 11-12, he will be part of the Civil Society Forum.

Center of Concern has substantively contributed on several aspects of the agenda of this important conference through side-events, policy briefs and public and private panel presentations. The Center has advocated on the structure, the follow –up process, the application of specific sustainable development and human rights principles. It is also proud to be part of a Rapid Response Group among civil society organizations following the conference which led drafting of analysis and alternative language proposals on previous versions of the document and is currently leading drafting of the CSO Forum declaration. (Photo credit: IISD/Earth Negotiations Bulletin)

Rethinking Bretton Woods | Wed, Jul 1, 2015

Infrastructure finance: Can democracy prevail in the global policy debate?

What is the influence the Group of 20 in the economic policy debate and how is it exerted? An article by RBW Project Director Aldo Caliari explains how this informal entity with restricted membership has been able to influence and pre-empt outcomes in a formal, universal membership institution such as the UN. The article, appeared in the G20 Update newsletter published by the Heinrich Boell Foundation, illustrates the argument by focusing on the debate on a proposed infrastructure initiative within the United Nations. (Photo credit: CC/Flickr/Rod with additional graphic work: Heinrich Boell Foundation)

Should pension funds jump into the infrastructure investment bandwagon?

Rethinking Bretton Woods | Mon, Jun 22, 2015

Should pension funds jump into the infrastructure investment bandwagon?

Within the new infrastructure finance agenda emerging in the Group of 20, World Bank and other fora, the USD 85 that institutional investors, and in particular pension funds, are estimated to hold in savings, are seen as playing a starring role. In a blog appeared on RightingFinance, RBW Project Director Aldo Caliari queries human rights risks of such investments and makes recommendations for addressing them.

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