austerity

Financing a sustainable recovery: the role of debt-relief instruments

Dear Colleagues,

Please join us for an HLPF Side Event on “Financing a sustainable recovery: The role of debt-relief instruments.”

This virtual side event, which is part of the Financing for Development in the Era of COVID-19 and Beyond Initiative, is jointly organized by UN DESA and UN Economic and Social Commission for Western Asia (UN ESCWA), with participation of UN Economic Commission for Latin America and the Caribbean (UN ECLAC) and UN Economic and Social Commission for Asia and the Pacific (UN ESCAP) and the IMF.

The event brings together UN and other international experts to present and explore efforts to develop instruments for debt relief and restore fiscal space, for countries’ COVID response, climate action and the SDGs. The session aims to strengthen international and regional discourse on debt relief, especially in relation to climate change and the upcoming COP26.

The side event will take place on Thursday, 15 July 2021 (7:30 am – 9:00 am, New York/EDT) on WebEx.

Click here to register for the event and for more information, including the full concept note.

We welcome the participation of all stakeholders. You are most welcome to share this invitation with your networks.

Kind regards,

Navid Hanif

Director, Financing for Sustainable Development Office
Department of Economic and Social Affairs, United Nations

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit ngocsdvienna.org

Financing Global Climate Action and Promoting Digital Solutions

Financing Global Climate Action and Promoting Digital Solutions

Session 4 of the UN DESA Global Policy Dialogues for Climate Action

  • How has the COVID-19 crisis put climate finance at risk? 
  • What are examples of good projects that are leading the path to jumpstart more investment in climate mitigation and adaptation efforts?
  • What are some of the innovative applications of digital technology for mitigating the climate crisis?

Join UN DESA, finance experts, policymakers, and climate and sustainable development practitioners for a discussion of the best approaches for ensuring that climate financing measures are included in rebuilding efforts related to the COVID-19 pandemic, and that such efforts are inclusive and help the most vulnerable. Additionally, experts will discuss emerging digital solutions to the climate crisis, including ideas related to the Internet of Things, for climate adaptation and mitigation and ways to scale them up.

Register here by 29 June 2021: bit.ly/climate30june

More information: bit.ly/DESAdialogues

The event is free and open to all, and will be streamed live on UN DESA’s Facebook page. It will be held in English with captions available in Arabic, Chinese, English, French, Russian and Spanish. The event is made possible by the United Nations Peace and Development Trust Fund. All are welcome!

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org.

Build Your House on Your Own Pillars: Key Issues for Developing Countries at the OECD Inclusive Framework Negotiations on the Taxation of the Digital Economy

Key Issues for Developing Countries at the OECD Inclusive Framework Negotiations on the Taxation of the Digital Economy

15 June 2021, 13:00 – 15:00 (CET)

The South Centre and the Global Alliance for Tax Justice invite you to a webinar titled Build Your House on Your Own Pillars: Key Issues for Developing Countries at the OECD Inclusive Framework Negotiations on the Taxation of the Digital EconomyThe webinar will feature prominent voices of the Global South, including negotiators in the Inclusive Framework, who will share their views on the key issues for developing countries in the “Two Pillar Approach” on taxing the digitalized economy. It seeks to introduce a new taxing right in Pillar One focused on reforms to existing nexus and profit allocation rules, while Pillar Two is focused on a global minimum tax. The Two Pillar approach aims to introduce new elements into international taxation, such as limited formulary apportionment, multilateral dispute resolution and the allocation of taxing rights through a multilateral agreement. There are several pending issues which need resolution and are of importance to developing countries.

The webinar will be a panel discussion followed up with a Question-and-Answer session.

Registration: https://zoom.us/meeting/register/tJAlcuGrrDwoE9YjHBEhFvPPgTRl17BO-HtF

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit ngocsdvienna.org.

[UNCTAD15 civil society discussion] Frontier technologies, the digital economy and development

#UNCTAD15 Civil Society Discussion Series

This event is part of a series of online discussions with civil society held in preparation for the UNCTAD15 ministerial conference that will take place in the week of 3 October 2021.

Senior officials from UNCTAD and civil society leaders will discuss issues related to frontier technologies, the digital economy and development. The key issues identified will be reported to member states as part of the intergovernmental preparatory process for UNCTAD15.

The event, which will be opened by Shamika Sirimanne, director of UNCTAD’s division on technology and logistics, is open to the public.

Registration is mandatory: unctad.us17.list-manage.com/subscribe?u=69d5b141e8ba277f176908a58&id=856c168864

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Education, Learning, and Literacy, please visit facebook.com/NGOCELLatUN.

UNCTAD15 civil society discussion on frontier technologies, the digital economy and development

Join us for a pre-event on the road to UNCTAD15. This discussion is the second part of a series of online discussions with civil society held in preparation for the UNCTAD15 ministerial conference.

The dialogue aims to raise awareness of civil society representatives on the issues of technology transfer, e-commerce and the digital economy. The outcome of the session will be presented to member states as part of the intergovernmental preparatory process for UNCTAD15. Find out more here.

The event is open to the public, but registration is mandatory. Register here!

Questions for discussion

Technology transfer

  • What would be the elements of an agenda for technology transfer that include civil society’s concerns and aspirations?
  • What are the challenges and opportunities that frontier technologies can bring?
  • What are the mechanisms to accelerate technology transfer and ensure that it benefits the most disadvantaged communities?

E-commerce and digital economy

  • What would be the elements of an agenda for the deployment of e-commerce and digital economy in developing countries that include civil society’s concerns and aspirations?
  • What are the challenges and opportunities that frontier technologies can bring?
  • What are the mechanisms to accelerate the adoption of e-.commerce and digital economy, ensuring that they benefit the most disadvantaged communities?

Programme

Opening remarks:

  • Ms. Shamika Sirimanne, Director, Division on Technology and Logistics, UNCTAD

Keynote address on the agenda for technology transfer that includes civil society’s concerns and aspirations:

  • Ms. Neth Daño, Coordinator and Asia Director ETC Group, the Philippines

Keynote address on mechanisms to accelerate the adoption of e-commerce and the digital economy leaning no one behind:

  • Mr. Parminder Jeet Singh, Executive Director, IT for Change

Followed by an Interactive dialogue with civil society representatives:

  • Moderated by Ms. Chee Yoke Ling, Third World Network

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Education, Learning, and Literacy, please visit facebook.com/NGOCELLatUN. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit ngocsdvienna.org

Alternatives to Debt and Austerity in Latin America

Alternativas frente a la Deuda y Austeridad en América Latina | Alternatives to Debt & Austerity in Latin America

Panel:

  • Oscar Ugarteche, Coordinator of the Economic Observatory of Latin America (OBELA) from the Economic Research Institute (UNAM).
  • Isabel Ortiz, Director of Global Social Justice

Comments:

  • How do austerity policies affect workers? Jocelio Drummond, Regional Secretary of the Public Services International (PSI) for the Americas
  • How do austerity policies affect women’s rights? Verónica Serafini, Latindadd
  • How was the IMF´s return to Latin America? Mario Valencia, Latindadd

Moderator: Patricia Miranda, Latindadd

Register here: https://zoom.us/webinar/register/5516215289568/WN_lCE-A_smQ_GEr946KztoZQ

Background:
Latin America is going through one of the worst social and economic crises, which drags structural failures of the economic model deepened during the pandemic.

In the face of confinement decisions, developed countries have responded with fiscal stimuli and monetary emissions, and some poor countries have managed to access temporary debt service suspensions. However, middle-income countries -that is to say, almost all countries in Latin America- face difficulties in accessing the neccesary financing to address health and economic emergencies.

Concerns in the region grow around the need to alleviate the situation of millions of people living below the poverty line, closing the deepening gender gaps, applying urgent measures in the face of job losses, preventing lack of education from becoming a structurally lagging factor and also, preventing countries from continuing to depend on the extractive economy as the only form of economic growth, among others.

The financing needs to face the crisis have led countries to borrow, increasing their external and internal debt in the midst of a critical fiscal situation, as well as to implement austerity measures. The IMF has returned to the region and there are no signs of a sustainable recovery in this new lost decade for Latin America. In this seminar we seek to address responses and solutions to the situation in Latin America, in the midst of a multiple crisis. Additionally, we seek to address alternatives leading to the recovery of the region.

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Social Development, please visit ngosocdev.org. For more information on the NGO Committee on Human Rights, please email the co-chairs at bknotts@uua.org or bobbinassar@gmail.com. 

Managing debt, climate and nature in the pandemic recovery

The pressure of growing public debt  is hindering efforts to recover from the COVID-19 pandemic, and tackling the climate crisis and biodiversity loss in emerging economies.

Join leading thinkers and practitioners to discuss emerging research into the causes and consequences of public debt challenges, how these challenges are impacting efforts to achieve the Sustainable Development Goals and the Paris Agreement, and what is being done to advance the most promising solutions.

Speakers include IIED researcher Sejal Patel, Prof Stephany Griffith-Jones, and our Ambassador to the UN the Hon. Bob Rae.

After 10 years running the e-discussion Recovery with a Human Face (2010-20) at UNICEF and ILO, it was closed and replaced by this new discussion on Global Social Justice [GSJ]. Please share your inputs by e-mailing: gsj@list.globalsocialjustice.org. This e-discussion is intended to facilitate the exchange of knowledge and ideas; the views expressed by contributors do not necessarily reflect the policies of GSJ. We look forward to your participation, and your reactions and thoughts about priorities for the international development community.

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit ngocsdvienna.org.