Future of Globalisation provides a platform for debates on current world economic issues, global power shifts and the roles of formal and informal global governance institutions and relevant networks.
On Tuesday, June 17, the FfD4 Preparatory Committee approved the Compromiso de Sevilla as outcome document of the FfD4 conference. The agreement came surprisingly early, arriving almost two weeks before the start of the conference in Seville. The document itself is lacking in many respects. However, achieving an agreement supported by all countries except the U.S. is, in the current situation, already an achievement. (mehr …)
Multilateral Development Banks (MDBs) have played a central role in financing sustainable development for over eight decades. Their growing prominence in international development cooperation is evident in the First Draft of the 4th International Conference on Financing for Development (FfD4) Outcome Document, where they are mentioned over 40 times—a fourfold increase from the Addis Ababa Action Agenda adopted at FfD3 a decade ago. The wide range of issues they are now expected to address further highlights this heightened focus. (mehr …)
The 4th International Conference on Financing for Development comes at a critical moment for climate and development finance. Despite progress—such as increased climate funding over the past years, the establishment of the Loss and Damage fund, and the inclusion of climate targets in the World Bank’s mission—important challenges persist and remain unresolved.
The world is falling short in keeping its climate commitment targets on track. Despite international commitments and national targets, progress remains slow, and many countries are struggling to implement measures that will keep global warming to below 1.5°C. One of the key tools to enhance climate action is climate transparency—as a foundation for evidence-based policymaking, accountability, building international trust—and creating some peer pressure to keep up with the challenge. (mehr …)
Governments’ decisions to grant preferential tax treatments have a direct impact on their ability–or inability–to finance their sustainable development goals. At the Fourth Conference on Financing for Development in June, countries must commit to greater oversight of tax expenditures, including implementing minimum reporting standards and rationalizing ineffective or harmful tax expenditures. (mehr …)