capitalism

The global debt crisis and the role of private creditors

Sharing responsibilities as well as benefits? The global debt crisis and the role of private creditors

The results of the G20 initiatives to relieve the debt of the Global South, which has been hard hit economically by the pandemic, are sobering. Many eligible countries are reluctant to enter into negotiations. They fear that debt relief will cut off their long-term access to private capital markets and cause them to lose the confidence of private investors. These concerns have been reinforced by creditors, especially from the private sector. And the G20? Despite its commitment to private sector participation in the Common Framework for Debt Treatments, it has so far not found the political will to make such participation mandatory. However, this would be a key step to shield debtor countries from uncooperative creditors and achieve substantial debt relief.

In the run-up to the joint meeting of G20 health and finance ministers this October we have invited international experts from academia, government, and financial institutions to discuss the following questions among others:

  • Is there empirical evidence that debt relief excludes countries from much-needed development finance?
  • On what grounds could the participation from the private sector in official debt relief initiatives, comparable to other creditors, be expected?
  • In what ways can the G20 compel private sector participation and equal burden-sharing?

Further event details will be forthcoming, but please stay apprised of updates here: https://ny.fes.de/

____________________________________________________________________________________________

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 congocsd.wordpress.com. For more information on the NGO Committee on Sustainable Development-New York, please visit ngocsd-ny.org.

NIFEA e-conference “Degrowth – Living Sufficiently and Sustainably”

Dear friends,

Warm greetings from Geneva. On behalf of our Economic and Ecological Justice Programme, please consider yourselves invited to attend the upcoming

Online NIFEA (New International Financial and Economic Architecture) E-Conference on “Degrowth – Living Sufficiently and Sustainably”

Taking place on Friday 1st October 2021, from 10:00-12:00 CEST and from 14:00-16:00 CEST

For additional information, please see the following link: https://www.oikoumene.org/events/nifea-e-conference-degrowth-living-sufficiently-and-sustainably 

Please register for Session 1: https://bit.ly/3EEquQ0

Please register for Session 2: https://bit.ly/3hSxnU8

Interpretation into Spanish will be available for Session 2.

____________________________________________________________________________________________

CoNGO Notes: For more information on the Committee of Religious NGOs at the United Nations, please visit rngos.wordpress.com. 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 congocsd.wordpress.com.

[registration deadline] Course on non-tariff measures and their relevance to the pandemic

The UNCTAD secretariat is pleased to inform the permanent missions of member States in Geneva that the UNCTAD Trade Analysis Branch will organize the first edition of an online course on economic analysis of non-tariff measures of 2021. This edition of the course will be held from 4 October to 19 November 2021.

The objective of this course is to introduce the main empirical approaches used to assess the impact of non-tariff measures on bilateral trade flows. The course targets audiences who are working in trade and/or development field, such as government officials, researchers and representatives of the private sector. We especially encourage participants who want to strengthen their understanding of non-tariff measures, use non-tariff measures data and/or who are or may be involved in the design or negotiation of policies related to non-tariff measures. The course may also be of benefit to participants involved in the regulatory cooperation and harmonization of non-tariff measures across countries/sectors and participants involved in the resolution of trade frictions related to non-tariff measures.

A limited number of applications will be considered from the stakeholders of developed countries. Qualified women candidates are particularly encouraged to apply.

Interested candidates should apply by following the instructions available at research.net/r/EconNTMs. The deadline for applications is 26 September 2021.

To obtain assistance with the online application process, please contact elearningtrade@un.org. Requests for further information or clarifications about the course may be sent to Ms. Chi Le Ngo, Trade Analysis Branch, UNCTAD Division on International Trade and Commodities; email: ntm.training@unctad.org.

____________________________________________________________________________________________

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.

Sixth Annual SDG Business Forum

The sixth annual SDG Business Forum will take place virtually on Wednesday, 22 September 2021 from 7:00 AM to 12:00 PM, EDT in conjunction with Uniting Business LIVE, during the High-Level week of the 76th session of the United Nations General Assembly.

Co-hosted by the International Chamber of Commerce (ICC), the UN Department of Economic and Social Affairs, and the UN Global Compact, SDG Business Forum is one of the largest annual gatherings of business leaders at the United Nations.

It offers a unique opportunity to drive pivotal momentum towards achieving the Sustainable Development Goals and leveraging the power of the private sector in co-creating lasting solutions for some of the most critical issues of our times, such as sustainable and resilient recovery from the COVID-19 pandemic; climate change and nature loss; social inequality and economic exclusion. This year’s event will be closely related to the themes of several United Nations conferences in 2021, including the High-Level Dialogue on Energy, the United Nations Food Systems Summit, the Second United Nations Global Sustainable Transport Conference, while building momentum for the United Nations Climate Change Conference (COP26).

Confirmed speakers for the 2021 programme include the United Nations Secretary-General Antonio Guterres, Deputy Secretary-General Amina Mohammed, Special Representative for Sustainable Energy for All Ms. Damilola Ogunbiyi, Special Envoy for the Food Systems Summit Dr. Agnes Kalibata, HRH Princess Noura Turki Al-Saud of Saudi Arabia, the Honorable Prime Minister of Fiji Mr. Commodore Josaia V. Bainimarama and several senior ministers from Member States, as well as prominent business leaders such as Executive Chairman of Mastercard Mr. Ajay Banga, Executive Director of ITC Ms. Pamela Coke Hamilton, CEO of Alecta Mr. Magnus Billing, Chairperson and CEO of Kokusai Kogyo Ms. Sandra Wu, CEO of GIST Advisory Mr. Pavan Sukhdev, among others.

Registration

Registration for the SDG Business Forum can be accessed through the Uniting Business Live digital venue. One day access to the SDG Business Forum is complimentary. Participants from Governments, UN System, civil society organizations and other stakeholder groups also have the option to sign up for complimentary access to all three days of Uniting Business Live with the code DESAGUEST.

For more information on the event, topics, and confirmed speakers, please visit the SDG Business Forum webpage: http://sdgbusinessforum.org

____________________________________________________________________________________________

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 congocsd.wordpress.com. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org

SDG Investment Fair: Facilitating Private Investment for SDG Impact [registration deadline]

Facilitating Private Investment for SDG Impact | 28 – 29 September 2021 

The SDG Investment (SDGI) Fair is a platform for scaling up investment in sustainable development by facilitating direct interaction between representatives of governments of developing countries, private sector and multilateral agencies.

The Fair is evolving from an annual event to a year-round program. The September 2021 Fair seeks to introduce new countries to the SDGI Fair program and to increase interaction between investors and participating countries. Three countries will have a chance to present their projects to potential investors.

The event will also feature one-on-one matchmaking sessions between the investors and countries, online investor exchanges, knowledge sharing and capacity building.

Further details, including the participating countries and event’s agenda, will be published at a later date. However, registration is now open.

Please register here: cognitoforms.com/UNDESA1/September2021SDGInvestmentFair2?v2

______________________________________________________________________________________________

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.

Spotlight on Sustainable Development 2021: Demanding Justice Beyond Rhetoric

Policy responses to the COVID-19 pandemic and resulting economic crisis have exacerbated rather than reduced global inequalities. The most visible example of this is the global disparity in the distribution of vaccines. So far more than 60 percent of people in high-income countries have received at least one dose of COVID-19 vaccine, but less than 2 percent have done so in low-income countries. In view of this dramatic disparity, the “leave no one behind” mantra of the 2030 Agenda for Sustainable Development remains hollow. In fact, the vested interests of economic elites continue to dominate political decision-making. Given the urgency of the COVID-19 crisis and the other unresolved global problems, most notably the climate emergency, it is high time for transformative policies, strategies and structural changes.

This year’s Spotlight on Sustainable Development Report describes the highly uneven socio-economic impact of the COVID-19 crisis and analyses the policy responses to it. It explores beyond the rhetoric, highlighting deepening inequalities, self-serving and hypocritical policies and governance failures at national and international level. Addressing the imbalance in global vaccine production and distribution, the report also examines a few key areas where political and structural changes are necessary to correct the limited and asymmetric recovery. With this virtual launching event, we will present key findings of the report.

Brief snapshots by:

  • K.M. Gopakumar, Third World Network
  • Vanita Mukherjee, Development Alternatives with Women for a New Era (DAWN)
  • Roberto Bissio, Social Watch

Policy conclusions by:

  • Kate Donald, Center for Economic and Social Right
  • Daria Cibrario, Public Services International (PSI)
  • Isabel Ortiz,Global Social Justice

Moderators:

  • Bodo Ellmers, Global Policy Forum
  • María Graciela Cuervo, Development Alternatives with Women for a New Era (DAWN)

Register here: rsvp.globalpolicy.org/report-launch-spotlight-on-sustainable-development-2021-demanding-justice-beyond-rhetoric.

Participants will receive the login details one day before the event. Further information on the Spotlight Report 2021 will be available shortly at www.2030spotlight.org

____________________________________________________________________________________________

CoNGO Notes: 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 congocsd.wordpress.com. For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org.

Panel discussion on Kiss the Ground documentary & regenerative agriculture

Greetings, Colleagues!
You are warmly invited to join in on a panel discussion on regenerative agriculture this coming Monday, September 13, 7 PM EDT.  We have three stellar panelists lined up to discuss the documentary “Kiss the Ground.”
This event is free and open to anyone who’s interested in learning more about regenerative agriculture and how it can stabilize our local foodsheds.

Watch the documentary Kiss the Ground in advance (for free!) if you haven’t already!  We will not be showing the film during our panel session, so be sure to check out the instructions below to view it ahead of time. Our panelists are Vel Scott, Stephen Cochenour, and Cody Rakes, and they’ll share some unique perspectives from urban to rural, classroom to community and beyond!

From Loretto Community’s Farm & Land Committee and Loretto Earth Network (LEN):
You may have heard of regenerative agriculture as a practical way to address climate change, but do you know what it is? Join us for a two-part educational series to learn more.  All are welcome!
1. Watch the documentary Kiss the Ground at your own convenience before September 13. (See below for instructions on how to access it.)
2. On Monday, 13 September, 2021, at 7:00 pm EDT: Join us for an online panel discussion of the film via Zoom:

Join Zoom Meeting:
https://us02web.zoom.us/j/89759791735?pwd=OS94L2RUR3R3bWxhdGJmR05HbVdpdz09

Meeting ID: 897 5979 1735
Passcode: 371451

Instructions on how to access the documentary Kiss the Ground:
If you have time, we encourage you to watch the full length feature version which is 1 hour 25 minutes.  Here is the link:

Kiss the Ground full length

Password: viva

Some may be interested but find yourselves short on time.  In that case, you have the option of watching this 45 minute educational version:

Kiss the Ground 45 min. educational

Password: schools

The panel discussion will be kick started by your questions and comments.  After watching the film, please send any questions or responses to Jessie Rathburn, Loretto Earth Education and Advocacy Coordinator, at jrathburn@lorettocommunity.org.

____________________________________________________________________________________________

CoNGO Notes: For more information on the Committee of Religious NGOs at the United Nations, please visit rngos.wordpress.com. For more information on the NGO Committee on the Rights of Indigenous Peoples, please visit facebook.com/NGOCoRIP. For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org

South-South Sharing of Experiences in Macro-Financial Policies for Structural Transformation

UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT

Meeting the 2030 Agenda and the Sustainable Development Goals (SDGs) is inextricably linked with the process of structural transformation. Macroeconomic and financial policies are a key area in which many developing countries face limitations in their capacity to effectively design, manage, coordinate, implement, and evaluate the policy levers of structural transformation. South-South sharing of experiences, including by drawing lessons from success stories such as China’s development strategy, can help to address this shortcoming and assist national capacity-building.

China’s successful development experience over the past 40 years has been based on a pragmatic, gradual and experimental approach to development. Many other developing countries adopted policy strategies that emphasize reducing state influence over key macroeconomic policy levers such as exchange rates and interest rates, combined with broad-based liberalization and privatization at the sectoral level. This latter approach did not result in structural transformation. As such, China’s experience may act as a reference point from which other developing countries can assess alternative economic policy options that are consistent with their own objectives for structural transformation and adapted to their own specific circumstances.

This webinar looks at macroeconomic and financial policies from a comparative cross-country perspective. It aims at fostering a better understanding of the key macroeconomic and financial policy challenges that developing countries face and the extent to which China’s development strategy, trajectory and dynamics can inform other countries’ macroeconomic and financial policy strategies.

Register here: us02web.zoom.us/webinar/register/WN_ryV6dH_4SsKEuaGb7o44tw

________________________________________________________________________________________

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.

Changing narratives about unpaid care work and the economy

The pandemic has shown the critical importance of Care. It also exposed the challenges that women, particularly mothers, face in juggling paid work and unpaid Care responsibilities. At the heart of the problem is our current economic system, which considers unpaid care work – and nature – as endless and free commodities.
The Covid-19 crisis provides a unique opportunity to repurpose our economy, so that it serves the wellbeing of people and our planet. Bringing about such systemic change begins by changing narratives and perspectives on both unpaid care work and the economy.
Programme and list of speakers
Introductions:
  • Anne-Claire de Liedekerke, President, Make Mothers Matter
  • Olivier De Schutter, UN Special Rapporteur on extreme poverty and human rights
Moderator: Susan Himmelweit, Feminist economist, Emeritus professor of economics for the Open University in the UK, member of the UK Women’s Budget Group Commission for a Gender Equal Economy
Presentations:
  • Gary Barker, Founder and CEO, Promundo Global
  • Sonia Malaspina, Human Resources Director, Danone SN Italy
  • Anam Parvez, Research Lead in Evidence and Strategic Learning, Oxfam Great Britain
  • Shahra Razavi, Director, ILO Social Protection Department
Q&A

_____________________________________________________________________________________________

CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the Vienna NGO Committee on the Family, please visit viennafamilycommittee.org. For more information on the NGO Committee on the Family-NY, please visit ngofamilyny.org. For more information on the NGO Committee on Social Development, please visit ngosocdev.org.

Addressing the tensions between extreme poverty & environmental conservation

Join us July 8 for “Addressing the tensions between extreme poverty and environmental conservation,” an ATD Fourth World webinar at HLPF, in collaboration with the Maryknoll Sisters.

Register here!

This fascinating dialogue will bring together:

  • Activists from the Quilombola community in Brazil and the Maasai community in Tanzania, both facing
    threats to their lands, identities and cultures
  • Professionals in the field of social and environmental justice and human rights
  • International policy-makers in the realm of environmental conservation and management

Together, panelists will discuss how environmental conservation should not be used against the human
rights of people and communities living in poverty and will highlight examples of communities acting to
protect and preserve their environment and culture.

Speakers:

  • Seela John Sainyeye: Coordinator of Women Empowerment and Gender Equality at the Pilot Light Development Organization in Arusha, Tanzania
  • Leidyane Quilombola: Activist from Quilombo Nazaré, Maranhão, Brazil
  • David Smith: Chief Economist and Regional Coordinator – Africa. UNDP-UNEP, Poverty-Environment Action for the SDGs (PEA), UNEP

_____________________________________________________________________________________________

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. For more information on the Committee of Religious NGOs at the United Nations, please visit rngos.wordpress.com

1 2 3