Special Drawing Rights (SDRs), the special reserve currency of the International Monetary Fund (IMF), have the potential to become a key mechanism for financing a just transition to climate-resilient economies and supporting the COVID-19 recovery. Following its historic allocation of $650 billion in SDRs in August 2021, the IMF has proposed a Resilience and Sustainability Trust (RST) to facilitate the re-channeling of these resources to vulnerable countries.
As a part of the 2022 IMF and World Bank Spring Meetings Civil Society Policy Forum, a panel co-hosted by the [...]
A variety of approaches exists so far that attempt to ensure multinational enterprises’ compliance with human rights in all their business relationships. Workers’ representatives and their trade unions have agreed on more than 300 Global Framework Agreements with transnational corporations to strengthen workers' rights along global supply chains. Also, other corporate approaches such as CSR, social auditing and sector-specific approaches at national level have contributed to improved working conditions in particular in countries where there is only weak employee representation and inadequate [...]