tax abuse

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.

UNDESA Panel Discussion and Launch Event for the Handbook on Carbon Taxation for Developing Countries

Dear Colleagues,

We are glad to inform you that the United Nations Department of Economic and Social Affairs (UNDESA) will, on 25 October 2021 between 11:15 a.m. – 12:15 p.m., host a virtual panel discussion a virtual panel discussion and launch event on “The Handbook on Carbon Taxation for Developing Countries: a tool to advance countries’ decarbonization efforts and contribute to the commitments of the Paris Agreement”.

The informal event will take place on the occasion of the launch of the new UN Handbook on Carbon Taxation for Developing Countries and in preparation of COP26; it is framed in the broader discussion on the UN Tax Committee’s contribution to advancing a Tax and SDGs approach to enhancing international tax cooperation for sustainable development.

The panel will discuss how carbon taxation can be instrumental in the fight against climate change, and support countries’ efforts in fostering economic recovery measures, as part of a global response to the current COVID-19 pandemic-induced multidimensional crisis. Panelists will also analyze the relevance of the Handbook in view of COP26 and how this publication can support countries at all levels of development – and in particular developing countries and countries in special situations – in advancing their decarbonization efforts and meeting their pledges under the Paris Agreement. The detailed agenda of the panel discussion is attached.

The English version of the Handbook will be available in electronic format shortly before the launch event, with French and Spanish versions to follow in the first half of 2022.

The event will be opened by representatives from the United Nations and the donor community. The panel discussion and moderated Q&A with panelists will engage experts from developing countries, regional tax organizations, civil society organizations, academia, civil society and the private sector.

All UN Member States and interested stakeholders are welcome to participate in the event.

Kindly register hereWe look forward to your presence and interaction.

To share your feedback or seek further information about the panel, please contact the International Tax and Development Cooperation Branch, Financing for Sustainable Development Office, Department of Economic and Social Affairs (email: taxcommittee@un.org).

With kind regards,

Navid Hanif

__________________________________________________________________________________________

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

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

____________________________________________________________________________________________

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.

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

____________________________________________________________________________________________

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.

World Bank + IMF Annual Meetings

The 2021 Annual Meetings of the World Bank Group and the International Monetary Fund will take place from Monday, October 11, through Sunday, October 17. All public and by-invitation-only events—including the Program of Seminars and other public events, ministerial meetings, CSO engagements, and press conferences—will be virtual and accessible on World Bank digital platforms. To accommodate time-differences, events may take place outside of the principal week.

At the heart of the Annual Meetings are the Annual Meetings plenary speeches, the joint World Bank Group/IMF Development Committee, and the IMF International Monetary and Financial Committee. Other featured events include regional briefings, press conferences, and fora focused on the global economy, international development, and the world’s financial markets.

Registration will open in mid-August. Information about the schedule of the 2021 Annual Meetings will be posted soon – check back regularly for updates here: worldbank.org/en/meetings/splash/annual

____________________________________________________________________________________________

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.

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.

From UNGA to COP26 & Beyond: The Future of Climate Governance

The recent Sixth Assessment Report of the Intergovernmental Panel on Climate Change shows that the world has little chance to achieve agreed climate change mitigation targets in our lifetimes given the continued degradation of the environment.
The climate action timelines of many nations are not ambitious enough and current global governance approaches remain weak, lack accountability mechanisms, and are fragmented and siloed. Against this backdrop, this UNGA side event will discuss what new approaches and governance innovations might the international community wish to consider, as a matter of priority for climate action? And what strategies can be considered to ensure that these innovations are implemented?
Speakers:
  • Maja Groff, Convenor, Climate Governance Commission
  • Richard Ponzio, Senior Fellow and Director, Global Governance, Justice and Security Program at the Stimson Center, and Member of the Climate Governance Commission
  • Jimena Leiva Roesch, Senior Fellow and Head of Peace and Sustainable Development at the International Peace Institute, and Member of the Climate Governance Commission
  • Arunabha Ghosh, CEO at the Council on Energy, Environment and Water, Member of the Climate Governance Commission
  • Dhabia Al-Mohannadi, Professor, Texas A&M University at Qatar
  • Katharine Rietig, Associate Professor in International Politics at Newcastle University, and Member of the Climate Governance Network
  • Michael Collins, Executive Director for the Americas at the Institute for Economics and Peace
  • Magnus Jiborn, Head of Research, Global Challenges Foundation and Member of the Climate Governance Commission

Moderator: Adriana Erthal Abdenur, Co-Founder and Executive Director, Plataforma CIPÓ and Member of the Climate Governance Commission

Event Co-Sponsors: Climate Governance Commission⎯Global Challenges Foundation, the Stimson Center, Global Governance Forum, Global Governance Innovation Network, Group of Women Leaders for Change & Inclusion, CIVICUS, Doha Forum, Council on Energy, Environment and Water, Plataforma CIPÓ, Baha’i International Community, International Environment Forum, Friedrich-Ebert-Stiftung New York Office, We The Peoples Campaign, Together First, ACUNS, Common Home of Humanity, the Institute for Economics and Peace, and the Coalition for the UN We Need

____________________________________________________________________________________________

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

Climate Investment Summit 2021: Accelerating Green Investments

Climate Investment Summit 2021 is a leading summit aimed at increasing investments in climate and green recovery – built on the experience of practitioners, best practice business models and cross-sector collaboration.

The Climate Investment Summit is a pivotal milestone in the Climate Investment Coalition’s investment roadmap leading to a historical COP26 and beyond. The Summit will showcase the UK’s leading global position, commitment to net zero and the investment opportunities that this provides across the whole of the UK to catalyse billions of pounds of investment for the Ten Point Plan for a green industrial revolution.

Participate virtually here: climateinvestmentsummit.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 the Rights of Indigenous Peoples, please visit facebook.com/NGOCoRIP. 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

1 2 3