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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.

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.

Stand up for Rights of Older Persons

Violations of older persons’ human rights have been witnessed before and during the COVID-19 pandemic. Decades long implicit biases rooted in ageism have made older people invisible through lack of insightful policies that protect their rights. As the world’s population ages, the trends of human rights violations will undermine the fabric of society and its prosperity.

The United Nations Decade of Healthy Ageing (2021-2030) seeks to create an environment that enables older people to do what they value, where no one is left behind, left to languish, or be disregarded and patronized, be stopped from working or have access to basic health and care. In order to overcome the paucity of progress on drafting a legally binding document (a convention) on the human rights of older persons, the United States and Canada need to STAND UP as global leaders in the effort to Call for Action at the United Nations.

Register here!

This event is organized by the NGO Committee on Ageing-NY, the International Longevity Center of Canada, the International Federation on Ageing, the Global Alliance for the Rights of Older People, and the International Association of Gerontology and Geriatrics.

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CoNGO Notes: For more information on the NGO Committee on Ageing-NY, a Substantive Committee of the Committee of NGOs in Consultative Relationship with the United Nations, please visit ngocoa-ny.org. For more information on the NGO Committee on Ageing-Vienna, please visit ngoageingvie.org. For more information on the NGO Committee on Ageing-Geneva, please visit ageingcommitteegeneva.org. For more information on the NGO Committee on Intergenerational Solidarity, please email the vice chair at susanneseperson@gmail.com.

Stand up for Rights of Older Persons

Violations of older persons’ human rights have been witnessed before and during the COVID-19 pandemic. Decades long implicit biases rooted in ageism have made older people invisible through lack of insightful policies that protect their rights. As the world’s population ages, the trends of human rights violations will undermine the fabric of society and its prosperity.

The United Nations Decade of Healthy Ageing (2021-2030) seeks to create an environment that enables older people to do what they value, where no one is left behind, left to languish, or be disregarded and patronized, be stopped from working or have access to basic health and care. In order to overcome the paucity of progress on drafting a legally binding document (a convention) on the human rights of older persons, the United States and Canada need to STAND UP as global leaders in the effort to Call for Action at the United Nations.

Register here!

This event is organized by the NGO Committee on Ageing-NY, the International Longevity Center of Canada, the International Federation on Ageing, the Global Alliance for the Rights of Older People, and the International Association of Gerontology and Geriatrics.

____________________________________________________________________________________________

CoNGO Notes: For more information on the NGO Committee on Ageing-NY, a Substantive Committee of the Committee of NGOs in Consultative Relationship with the United Nations, please visit ngocoa-ny.org. For more information on the NGO Committee on Ageing-Vienna, please visit ngoageingvie.org. For more information on the NGO Committee on Ageing-Geneva, please visit ageingcommitteegeneva.org. For more information on the NGO Committee on Intergenerational Solidarity, please email the vice chair at susanneseperson@gmail.com.

Multilateralism & Multi-stakeholderism: Where does accountability for the corporate sector fit in?

Join this UNGA76 side event exploring corporate influence across the United Nations System, and identifying ways in which civil society and all actors can resist corporate influence with a view to build a more accountable and equitable system that operates in the interests of people and planet, rather than profit.

 Register:  bit.ly/AccountabilityForCorporateSector

Speakers will include:

  • Moderator: Barbara Adams, Global Policy Forum
  • Cai Yiping, Development Alternatives for Women (DAWN)
  • Emilia Reyes, Campaign of Campaigns/Equidad de Genero
  • Debbie Stothard, ALTSEAN / Steering Committee of Corporate Accountability Working Group at ESCR-Net

Some guiding questions:

  • How can pushes for inclusivity have unintended consequences for enhancing corporate influence across the United Nations system?
  •  How do states and governments use PPPs and the idea of multistakeholderism to obfuscate responsibilities to their populations?
  •  How can corporations be held accountable to Human Rights mechanisms and international law?
  • What changes are needed to transform the way in which the UN System is funded to reduce or combat corporate capture of decision-making?

This event will be recorded and uploaded to the Women’s Major Group YouTube Channel. Interpretation will be available in French and Spanish.

____________________________________________________________________________________________

CoNGO Notes: For more information on the NGO Major Group, please visit ngomg.org. 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.

Multilateralism & Multi-stakeholderism: Where does accountability for the corporate sector fit in?

Join this UNGA76 side event exploring corporate influence across the United Nations System, and identifying ways in which civil society and all actors can resist corporate influence with a view to build a more accountable and equitable system that operates in the interests of people and planet, rather than profit.

 Register:  bit.ly/AccountabilityForCorporateSector

Speakers will include:

  • Moderator: Barbara Adams, Global Policy Forum
  • Cai Yiping, Development Alternatives for Women (DAWN)
  • Emilia Reyes, Campaign of Campaigns/Equidad de Genero
  • Debbie Stothard, ALTSEAN / Steering Committee of Corporate Accountability Working Group at ESCR-Net

Some guiding questions:

  • How can pushes for inclusivity have unintended consequences for enhancing corporate influence across the United Nations system?
  •  How do states and governments use PPPs and the idea of multistakeholderism to obfuscate responsibilities to their populations?
  •  How can corporations be held accountable to Human Rights mechanisms and international law?
  • What changes are needed to transform the way in which the UN System is funded to reduce or combat corporate capture of decision-making?

This event will be recorded and uploaded to the Women’s Major Group YouTube Channel. Interpretation will be available in French and Spanish.

____________________________________________________________________________________________

CoNGO Notes: For more information on the NGO Major Group, please visit ngomg.org. 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

____________________________________________________________________________________________

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. 

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

____________________________________________________________________________________________

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. 

Digital Equity for all Ages: Connect, Respect and Protect Older People in Digital Technologies

This year, the International Day of Older Persons 2021 will provide a platform for multi-stakeholder dialogue and serve as a call to action. The #UNIDOP2021 will adopt a person centered, human rights approach to ensure digital equity including adequate policies, access, digital literacy and safety for individuals of all ages.

This particular side event from the NGO Committee on Ageing in Vienna’s program will address cyber security, especially for older persons. The virtual program will take place on October 1st from 7:30—9:15am EDT.

Objectives of #UNIDOP2021:

• To address digital availability, connectivity, design, affordability, capacity building, infrastructure, and innovation in the areas of public and private interests

• To bring awareness of the importance of digital inclusion of older persons, while tackling stereotypes, prejudice and discrimination associated with digitalization taking into account sociocultural norms and the right to autonomy

• To highlight policies to leverage digital technologies for full achievement of the sustainable development goals (SDGs)

• To explore the role of policies and legal frameworks to ensure privacy and safety of older persons in the digital world

• To promote an intersectional person-centered human rights approach for a society for all ages taking into account existing/non-existing legal instruments in the field of digitalization

Register here:  us06web.zoom.us/webinar/register/WN_GqD_gJ4OTtymbzNWk5x-rw

____________________________________________________________________________________________

CoNGO Notes: For more information on the NGO Committee on Ageing-NY, please visit ngocoa-ny.org. For more information on the NGO Committee on Ageing-Vienna, please visit ngoageingvie.org. For more information on the NGO Committee on Ageing-Geneva, please visit ageingcommitteegeneva.org. For more information on the NGO Committee on Intergenerational Solidarity, please email the vice chair at susanneseperson@gmail.com. 

Digital Equity for all Ages: Connect, Respect and Protect Older People in Digital Technologies

This year, the International Day of Older Persons 2021 will provide a platform for multi-stakeholder dialogue and serve as a call to action. The #UNIDOP2021 will adopt a person centered, human rights approach to ensure digital equity including adequate policies, access, digital literacy and safety for individuals of all ages.

This particular side event from the NGO Committee on Ageing in Vienna’s program will address cyber security, especially for older persons. The virtual program will take place on October 1st from 7:30—9:15am EDT.

Objectives of #UNIDOP2021:

• To address digital availability, connectivity, design, affordability, capacity building, infrastructure, and innovation in the areas of public and private interests

• To bring awareness of the importance of digital inclusion of older persons, while tackling stereotypes, prejudice and discrimination associated with digitalization taking into account sociocultural norms and the right to autonomy

• To highlight policies to leverage digital technologies for full achievement of the sustainable development goals (SDGs)

• To explore the role of policies and legal frameworks to ensure privacy and safety of older persons in the digital world

• To promote an intersectional person-centered human rights approach for a society for all ages taking into account existing/non-existing legal instruments in the field of digitalization

Register here:  us06web.zoom.us/webinar/register/WN_GqD_gJ4OTtymbzNWk5x-rw

____________________________________________________________________________________________

CoNGO Notes: For more information on the NGO Committee on Ageing-NY, please visit ngocoa-ny.org. For more information on the NGO Committee on Ageing-Vienna, please visit ngoageingvie.org. For more information on the NGO Committee on Ageing-Geneva, please visit ageingcommitteegeneva.org. For more information on the NGO Committee on Intergenerational Solidarity, please email the vice chair at susanneseperson@gmail.com. 

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