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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.

Read full blog.

Center of Concern | Wed, Jun 10, 2015

What happens the day after?

 

Negotiations on the financing framework that will accompany the Sustainable Development Goals continue in full gear. But much more than the conference itself, what matters is the implementation that begins the day after: commitments undertaken at the conference will mean little without a strong framework for follow up, monitoring and review.

As part of its advocacy on the parallel processes towards a Third Financing for Development Conference (Addis Ababa, Ethiopia) in July and Post-2015 Development Agenda (New York) in September, Center of Concern is promoting a strong accountability framework so the conference commitments make a difference in the years to follow.

CoC team member Aldo Caliari drafted the briefing paper published by CIDSE “Some reflections on the Third FFD Conference Follow-up – A Thinkpiece.” CoC is also cosponsoring side-events on this same topic during the Third Drafting Session of the Financing for Development Conference, June 18, and at the conference itself, in Addis Ababa.

“The Financing for Development Conference follow up process . . .  without major adjustments . ..  will . . . disappoint in a task to support achievement of the Sustainable Development Goals,” he warned in a statement delivered as speaker selected by the Major Group of Non-governmental Organization during the recent New York negotiations. (Photo credit: United Nations Photo Library)

Rethinking Bretton Woods | Tue, Jun 9, 2015

CoC-authored chapter featured in Fair Finance Guide

 

The international civil society network Fair Finance Guide International (FFG) recently launched its report on Transparency and Accountability in the Financial Sector. The report examines key aspects relating to transparency and accountability, and to reporting about tax related issues, as they apply to 47 banks in the seven countries where FFG is active. The report includes a contribution authored by CoC team member Aldo Caliari: “Transparency of banks’ environmental, social and human rights - the case of the United States."

 

 

Rethinking Bretton Woods | Sat, May 30, 2015

CoC joins call to cancel earthquake-struck Nepal's debt

 

Over the course of three weeks, two major earthquakes struck Nepal and took over 8,000 lives. Nepal is one of the poorest countries in the world and pays nearly $600,000 a day in debt. Join this petition by Jubilee USA calling on the IMF and the World Bank to immediately cancel Nepal's debt to support recovery and rebuilding efforts. (Photo credit: CC/Flickr/ Laxmi Prasad Ngakhusi / UNDP Nepal.)

 

 

Rethinking Bretton Woods | Thu, May 21, 2015

Human rights aspirations for financing conference set

 

The co-facilitators of the upcoming Third Conference on Financing for Development (to be held in July) released a new draft outcome. Center of Concern adds its voice to the organizations suggesting how to improve the text so outcomes of the conference are aligned with human rights.

Read suggestions by the Office of the High Commissioner for Human Rights.  

Read suggestions jointly developed by civil society working on Financing for Development.

Read some recent RightingFinance blogs on these issues:

Finance and development summit should be opportunity for economic justice, not  corporate profits

Addis Ababa financing conference: Will the means undermine the goals?

Will the new development agenda strike the right public-private balance?

CoC featured at trade union leaders seminar

Rethinking Bretton Woods | Tue, May 12, 2015

CoC featured at trade union leaders seminar

 

On May 12, 2015, RBW Project Director Aldo Caliari will speak at a seminar for a delegation of trade union leaders worldwide. The seminar, “Post 2015 Framework on Sustainable Development Goals Financing For Development and Means of Implementation,” is being held by the Friedrich Ebert Foundation-NY and the Trade Union Development Cooperation Network of the International Trade Union Confederation, in the city of New York. During that week and also in New York, Mr. Caliari will also be attending consultation sessions on Financing for Development at the UN Headquarters.

Rethinking Bretton Woods | Mon, May 4, 2015

European partners host preparations for Addis Ababa financing conference

 

On May 5 – 7, 2015, RBW Project Director Aldo Caliari attends the Annual Conference of the European Network on Debt and Development. This year’s conference is being held in Copenhagen (Denmark), jointly with local organization IBIS, and will be dedicated to preparations towards the Financing for Development Conference scheduled for July in Addis Ababa. He will speak at panels on infrastructure finance, global capital flows, and debt.

Rethinking Bretton Woods | Sat, Apr 25, 2015

Financing for Development: CSOs respond to zero draft

 

On March 17th 2015 the co-facilitators of the Third Financing for Development Conference, to be held in Addis Ababa (Ethiopia) in July of this year, released the initial draft (“zero draft”) for negotiations.

Center of Concern is part of a Rapid Response Group among civil society organizations following the conference which prepared a detailed response with analysis and alternative language proposals.

“The third FfD outcome document should not result in a retrogression from the achievements of the Monterrey Consensus of 2002 and the Doha Declaration for Development of 2008,” the document says, warning that "Any downward movement from the achievements of Monterrey and Doha will not bode well for the expectations that Addis Ababa will help build trust toward an ambitious outcome in the post-2015 development agenda and a climate deal at the COP 21 in Paris.”

CoC inputs into US and Germany business and human rights plans

Rethinking Bretton Woods | Thu, Apr 16, 2015

CoC inputs into US and Germany business and human rights plans

 

On April 20, 2015, RBW Project Director Aldo Caliari will be in Berlin to speak at a panel part of the consultation on Germany’s National Action Plan on business and human rights. He will discuss the experience of human rights groups challenging investments by US financial companies. A few days earlier (April 16), a submission by RightingFinance , whose drafting Center of Concern coordinated, will be delivered by Center for Economic and Social Rights at a consultation meeting in preparation of the US National Action Plan on responsible business conduct in Washington DC.

Rethinking Bretton Woods | Tue, Apr 7, 2015

RBW speaks on human rights impacts of vulture funds

 

Recent vulture fund litigation against Argentina has shed new light on the operations of commercial firms that as a systematic strategy prey on sovereign debtors to exact full debt payments other creditors agreed to forgive. Last February an advisory body to the Human Rights Council met to discuss human rights impacts of such companies’ actions and possible remedies.

“The debt relief we had campaigned for was not for paying 100 per cent of the claims of creditors not willing to provide their share of debt relief, but to allow necessary social investments to happen in [the debtor] countries,“ said RBW Project Director Aldo Caliari speaking of the successive debt cancellation rounds achieved by the worldwide Jubilee movement. Center of Concern co-founded Jubilee USA Network, of whose Board Mr. Caliari is currently co-chair.

Read a blog at rightingfinance.org.

Read a recent article on this subject.

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