corporate capture

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/

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

How Does the Climate Crisis Impact Peace and Security for Women and Youth?

Join the NGO Committee on the Status of Women – New York for our regular October Monthly Meeting where we’ll discuss the interconnections between Women, Youth, Peace & Security and climate change. Register here!

 

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CoNGO Notes: The NGO Committee on the Status of Women-NY is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations. Likewise, for more information on the NGO Committee on the Status of Women-Vienna, please visit ngocswvienna.org. For more information on the NGO Committee on the Status of Women-Geneva, please visit ngocsw-geneva.ch. For more information on the NGO Committee on Intergenerational Solidarity, please email the vice chair at susanneseperson@gmail.com. For more information on the NGO Committee on Social Development, please visit ngosocdev.org. For more information on the NGO Committee on Disarmament, Peace, and Security, please visit ngocdps.wordpress.com

Public dialogue on the progress of the Inter-agency Task Force on Financing for Development

Dear colleagues,

You are cordially invited to an informal public dialogue on the progress of the Inter-agency Task Force on Financing for Development (IATF on FFD), in preparation for the 2022 Financing for Sustainable Development Report. The public dialogue will be held on the 21st of October (Thursday), 9:00 – 10:30 EDT, virtually via MS Teams.

Representatives from the Secretariat, the five major institutional stakeholders (World Bank Group, IMF, WTO, UNCTAD and UNDP), and other Task Force members will brief Member States and external stakeholders on their work. A short presentation will be followed by an interactive discussion to solicit feedback and input. We welcome the participation of all delegations and all stakeholders in this briefing and look forward to your contributions to the dialogue.

If you are interested in attending the briefing, please click here to register and you will receive a specific calendar invitation for the event.

Background information on the briefing is available on the Task Force website. For further information please contact Mr. Peter Chowla (chowla@un.org), Ms. Poh Lynn Ng (ng6@un.org), and Ms. Jie Wei (weij@un.org).

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 congocsd.wordpress.com.

Faiths 4 Climate Justice

Two weeks before global climate negotiations, people of diverse religions will rise to send a message: destroying the planet is against our religions.

Learn more and register here!

On Sunday, Oct. 17:

At temples, mosques, and churches around the globe, we’ll call for climate justice and care for the vulnerable by ringing our bells, singing, praying, meditating, calling the Azan, sounding the shofar – whatever is true to our tradition. We’ll also unfurl banners on our sacred buildings that make it clear: the time to act is now.

On Monday, Oct. 18:

Dressed in religious garb, we’ll take our faiths into the streets and to our leaders’ doorsteps.  We’ll deliver our demands to political and financial leaders, hold prayer or meditation vigils outside government and bank offices, sing hymns about the climate, or take action rooted in our deepest values.

*Co-sponsors are religious organizations and spiritual communities worldwide who publicize Faiths 4 Climate Justice to their communities. We invite diverse religious institutions, congregations, schools, and other groups to sign on as co-sponsors. Co-sponsors commit to recruit action hosts and participants for the global day of action and organize 1 or more local actions. We provide co-sponsors with tools, resources, and one-on-one support for recruitment and action organizing. Co-sponsors, if interested, can serve on a planning team in preparation for the mobilization.

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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 Spirituality, Values, and Global Concerns-NY, please visit facebook.com/groups/1637987226437203. For more information on the NGO Committee on Social Development, please visit ngosocdev.org. For more information on the NGO Committee on the Rights of Indigenous Peoples, please visit facebook.com/NGOCoRIP.

Dialogue Ⅱ of the 40th Anniversary of the UN International Day of Peace International Conference

Dialogue Ⅱ of the 40th Anniversary of the UN International Day of Peace International Conference:

Are Homo Sapiens Destined to be Trapped in the Myth of Unlimited Growth or Do They Have the Potential to Transform Themselves?

Dialogue II will feature Dr. Ehrlich, a renowned American professor in population studies, who will offer insights into the destiny of Homo sapiens trapped in the myth of limitless growth. Scholars warn that Earth’s capacity to support the coexistence of people and nature that has continued since time immemorial is nearing a breaking point. The dialogue will shed light on what kind of earth knowledge and practices are needed to save the future of human society from the looming crisis.

Panelists:

  • Paul R. Ehrlich, Emeritus Chair Professor, Department of Biology Stanford University
  • Jae Chun Choe, Distinguished Professor of EcoScience, Ehwa Women’s University

To view the Peace BAR Festival livestream and read the full program, please visit http://163.180.96.152:8082/pbf_E/main/index.do.

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CoNGO Notes: For more information on the NGO Committee on Disarmament, Peace, and Security, please visit ngocdps.wordpress.com. For more information on the NGO Committee on Human Rights, please email the co-chairs at bknotts@uua.org or bobbinassar@gmail.com. For more information on the NGO Committee on the Rights of Indigenous Peoples, please visit facebook.com/NGOCoRIP.

Second UN Global Sustainable Transport Conference

The Second United Nations Global Sustainable Transport Conference will take place from 14 to 16 October 2021, in Beijing, China.  It will bring together representatives of Governments, UN system and other international organizations, the private sector, civil society and other stakeholders to discuss opportunities, challenges and solutions towards achieving sustainable transport worldwide and indicate a way forward for sustainable transport to help achieve the objectives of the 2030 Agenda for Sustainable Development and the Paris Agreement on climate change in the Decade of Action.

The Conference programme, link to registration, related concept notes and other background documentation are available on the Conference website: un.org/en/conferences/transport2021

Due to the ongoing global COVID-19 pandemic, the Conference will be held in a “hybrid format” with virtual and in-person participation. The in-person participation will be limited to delegations and other participants who are already in Beijing. Registration for in-person participation is open from 1 September to 1 October 2021 at the link above.

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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 Migration, please visit ngo-migration.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

UN Biodiversity Conference

The Conference will bring together the Parties and Observers to the UN Convention on Biological Diversity in Kunming, China to discuss the action needed to reverse biodiversity loss and its impact on ecosystems, species and people.

The fifteenth meeting of the Conference of the Parties (COP 15) to the Convention on Biological Diversity (CBD) will review the achievement and delivery of the CBD’s Strategic Plan for Biodiversity 2011-2020. It is also anticipated that the final decision on the post-2020 global biodiversity framework will be taken, together with decisions on related topics including capacity building and resource mobilization.

The “zero draft” for a post-2020 Global Biodiversity Framework has included a focus on ensuring work to preserve biodiversity contributes to “the nutrition, food security, and livelihoods of people, especially for the most vulnerable.”

As more information becomes available, it will be posted here: un.org/en/food-systems-summit-2021-en/un-biodiversity-conference

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CoNGO Notes: 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. 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.

72nd Session of the Executive Committee of the High Commissioner {for Refugees’s} Programme

In light of the COVID-19 pandemic, and in line with the guidelines issued by the Swiss Federal Council, the cantonal authorities and the United Nations Office at Geneva (UNOG), the seventy-second session of the Executive Committee (ExCom) is expected to be a limited in-person event, with remote participation also available. The in-person event will take place in room XIX at the Palais des Nations.

Interested participants can learn more here: unhcr.org/2021-executive-committee-session.html

Remote participation will be facilitated through Interprefy. Please note that the Interprefy platform should only be used for speakers. Those observing the event remotely will be able to access the webcast on the session webpage as usual.

Program:

  1. Opening of the session, adoption of the agenda and other organizational matters.
  2. Statement by the High Commissioner.
  3.  General debate.
  4. Consideration of reports on the work of the Standing Committee:
    (a) International protection;
    (b) Programme budgets, management, financial control and administrative
    oversight.
  5. Consideration of reports relating to programme and administrative oversight and
    evaluation.
  6. Consideration and adoption of the programme budget for 2022.
  7. Review of the consultations with non-governmental organizations.
  8. Other statements.
  9. Meetings of the Standing Committee in 2022.
  10. Consideration of the provisional agenda of the seventy-third session of the Executive
    Committee.
  11. Election of officers.
  12. Any other business.
  13. Adoption of the report of the seventy-second session of the Executive Committee.
  14. Closing of the session.

View the full provisional agenda and annotations here: https://www.unhcr.org/60fade424

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

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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.

Digital Equity: Policies, Access, Literacy & Safety

The NGO Committee on Ageing-New York’s program provides a platform for a multi-stakeholder dialogue with a call to action. Speakers will address digital equity, including adequate policies, access, digital literacy, and safety. The virtual program will take place October 1st from 10:00—11:30am EDT.

Register here: docs.google.com/forms/d/e/1FAIpQLSe6cE7POAkqrbuCIgY3L2HFJghTde6BlqlF2HrEayaE4gwoCA/viewform

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CoNGO Notes: The NGO Committee on Ageing-New York is a Substantive Committee of the Conference of NGOs in Consultative Relationship to the United Nations, and more information is available at ngocoa-ny.org. Likewise, for more information on the NGO Committee on Ageing-Geneva, please visit ageingcommitteegeneva.org. For more information on the NGO Committee on Ageing-Vienna, please visit ngoageingvie.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 Intergenerational Solidarity, please email the vice chair at susanneseperson@gmail.com. 

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