Publications

National and regional go-it-alone efforts characterized government action against the COVID-19 pandemic. The guidance of the World Health Organization (WHO), as the overarching and coordinating health body, to ensure equitable and efficient distribution of vaccines and other necessary medical products to contain the pandemic was not heeded. Several governments, philanthropic foundations, and the WHO launched the global multi-stakeholder initiative (MSI) Access to COVID-19 Tools Accelerator (ACT-A) at short notice, with participation of pharmaceutical industry and other MSIs, as a key [...]

The World Bank is considered to be the most important multilateral development bank (MDB). Since it was founded in 1944 at the United Nations Monetary and Financial Conference to finance the reconstruction of war-torn Europe, it has reinvented itself several times. The most significant change was the transformation from a reconstruction bank to a development bank. Today, the World Bank finances exclusively in countries of the global South, while continuing to be controlled by the economic powers of the global [...]

In spring 2023, guidelines for a feminist foreign and development policy were presented to the German Federal Cabinet. An international treaty on business and human rights, as negotiated in the United Nations (UN) Human Rights Council since 2014, would address the discriminatory global power structures and structural causes of global inequality and contribute to a systemic change in the sense of a feminist foreign and development policy. Women and marginalized groups are particularly affected by exploitative business practices in global [...]

The European Union (EU) is on the verge of introducing an EU Corporate Sustainability Due Diligence Directive (CSDDD). An agreement among the EU institutions involved is to be reached by the end of 2023. This also brings the EU’s active participation in negotiations at the United Nations (UN) level on an international legally binding instrument on business and human rights, also known as a “UN treaty,” ever closer. After all, it is in the EU’s interest that high standards apply [...]

This new report Spotlight on Global Multilateralism offers critical analyses and presents recommendations for strengthening democratic multilateral structures and policies. Its contributors cover key areas such as peace and common security, reforms of the global financial architecture, calls for a New Social Contract, an inclusive digital future, the rights of future generations and the transformation of education systems. The report also identifies built-in deficiencies and weaknesses of current multilateral structures and approaches. This applies, inter alia, to concepts of corporate-influenced [...]

The United Nations Financing for Development Forum 2023, which was recently held over four days in New York, was dominated by multiple crises. Setbacks to the 2030 Agenda have increased political pressure to make substan­tial progress on financing for development. The chapters in the outcome document on taxation and debt issues were particularly vigorously negotiated. African countries in particular want to further strengthen the UN’s work on taxation. With the escalating debt crisis, it is also becoming more important [...]

The EU Corporate Sustainability Due Diligence Directive (CSDDD) offers a unique opportunity to prevent human rights violations and environmental damage in value chains of European companies and to finally give those affected a real chance to claim compensation. In February 2022, the EU Commission presented a proposal for a corresponding directive. It goes beyond the German Supply Chain Act in several respects. However, it also contains numerous loopholes, largely as a result of pressure from business lobby groups. In [...]

Since 2014, the United Nations (UN) Human Rights Coun­cil in Geneva has been negotiating an internationally binding agreement on business and human rights – also known as the UN Treaty. From October 24–28, 2022, the intergovernmental working group on a legally binding in­strument on transnational corporations and other busi­ness enterprises with respect to human rights (OEIGWG) met for the eighth time. The countries of the global South as well as the major industrialized nations were present at the meeting. New [...]

As Agenda 2030 passes its mid-way point, ambitious reforms will be required during its second phase if the Sustainable Development Goals (SDGs) are still to be achieved. A lack of financial resources is one of the main reasons why their implementation has fallen so far behind. The UN’s latest Financing for Sustainable Development Report has identified the “financial divide”, i.e. the lack of access to funds at favourable interest rates for countries of the Global South, as a key problem [...]

Since the adoption of the 2030 Agenda on Sustainable Development, development finance has operated under conditions of low interest rates and high liquidity in global financial markets. This has changed with the recent turnaround in interest rates. This briefing paper describes the current trends, analyzes the implications for financing sustainable development in the Global South, and formulates policy recommendations on how countries in the Global South and their financing partners in the North can respond to the interest rate increases.