What's New

After two years of negotiations, the EU Corporate Sustainability Due Diligence Directive (CSDDD) officially came into force on July 25, 2024. From July 2027, it will require large companies to respect human rights and the en vironment throughout their supply chains and to draw up and implement climate plans in line with the Paris Cli mate Agreement. Although the directive has some gaps, for example with regard to the financial sector, it is an important milestone on the road to a sustainable global economy. 

On February 26, 2025, however, the EU Commission proposed the so-called “Omnibus I [...]

Reimagining the rules for a fairer future

 

We have just launched our four-part weekly podcast series 'Global Finance Rewired', which explores the future of the international finance architecture (IFA). Hosted by our Managing Director Bodo Ellmers, the series features expert voices from the Global South to examine how global finance must change to meet today’s challenges.

From 30 June to 3 July 2025, the Fourth International Conference on Financing for Development (FfD4) took place in Sevilla, Spain. According to the United Nations (UN) Member States, the conference was designed to assess progress and obstacles in implementing the decisions of the three previous conferences in Monterrey (2002), Doha (2008) and Addis Ababa (2015), as well as agreeing on measures and initiatives to overcome the obstacles and address new challenges in light of current global crises. The main goal was to accelerate the implementation of the 2030 Agenda and its Sustainable [...]

Publications

The international financial architecture is in urgent need of reform. In the words of UN Secretary-General António Guterres, it is "outdated, dysfunctional and unjust". The main institutions were created 80 years ago in a transatlantic agreement, at a time when many of the world's nation-states of today were still colonies. Moreover, the institutions have failed in their mission to prevent and mitigate crises and to mobilize sufficient financing for internationally agreed development goals.

The reform of the international financial architecture is currently a major topic on the United Nations [...]

Calls for reforms of the international financial architecture are becoming ever louder. Governments, UN institutions, expert groups and civil society organizations are criticizing the fact that the network of institutions and rules that currently determine global monetary and financial policy and control global financial flows are not up to the current crises. The international financial architecture is “outdated, dysfunctional and unfair”, according to UN Secretary-General António Guterres.

In view of these challenges, the UN Member States made the reform of the international financial [...]

Our Network

Social Watch
Womans Major Group
Eurodad
Corporate Accountability
Global Tax Justice
Netzwerk Steuergerechtigkeit
Konzernmacht beschränken
Plattform Globale Gesundheit
Treaty Alliance
Reflectiongroup
Geneva Global Health Hub
lieferkettengesetz.de
Treaty Alliance
Image
This photo of SDGs on the beach was taken during the GEF meeting in Sri Lanka. Photo by Mike Akester, 2016.

By Celia Sudhoff

For several weeks now, Germany has been engaged in an intense debate about the welfare state. This was triggered by a statement made by Chancellor Merz of the governing Christian Democratic Union (CDU) state party conference at the end of August: “We simply can no longer afford the system we have today.” Specifically, he wants to cut welfare payments and relieve the burden on the pension funds by making it more attractive to work into old age.