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 upcoming Financing for Development (FfD) conference will address major challenges hindering the efforts of developing countries towards sustainable development. The Group of 77 (G77) – a key platform for the Global South in the UN – will play an important role in bringing the interests and demands of the Global South forward. (mehr …)
These are not easy times to think about reforming or even rebuilding the international cooperation architecture to meet the challenges facing humanity. When international law is bluntly disregarded, multilateral institutions get openly attacked and institutions for global solidarity are dismantled, it is only natural to defend what has been achieved as far as possible and, at best, to strive for incremental improvements. However, this entails the risk of remaining stuck in outdated patterns instead of looking for fresh solutions for a thoroughly changed world. (mehr …)
The Fourth International Conference on Financing for Development (FfD4) needs to address the issue of tax expenditures. These preferential tax treatments cause huge immediate public revenue losses while their effectiveness is often in doubt.
Governments worldwide use preferential tax treatments – called tax expenditures – to pursue different policy objectives, such as attracting investments, promoting employment, fighting poverty or curbing greenhouse gas emissions. (mehr …)
The 4th International Conference on Financing for Development (FfD4), scheduled for June 30 to July 3 in Seville, Spain, will conclude an extensive United Nations process that aims to align public and private financial flows with social, environmental, and economic goals. (mehr …)