Publications

Once in a decade, the UN convenes a conference on the least developed countries (LDCs) to negotiate a programme of action, consisting of political agreements and international support measures. Financing for development in all its dimensions is an essential component of these programmes. The process that led to the Fifth UN Conference on Least Developed Countries and the Doha Programme of Action took place under the difficult conditions of the COVID-19 pandemic. Given the limited financial space that LDCs had [...]

This briefing paper gives an overview of the current challenges in different development finance action areas. In the second part, we give an overview of the UN’s FfD process and of the international agreements on Financing for Development. Based on our analysis, we identify 10 key levers for financing sustainable development. With these, Eu­rope can make a substantial contribution to financ­ing for development and thereby to the successful implementation of the 2030 Agenda for Sustainable Development worldwide.

From October 25-29, 2021, the UN open-ended intergovernmental working group on the elaboration of a legally binding instrument on Business and Human Rights met for the seventh time at the United Nations (UN) Human Rights Council in Geneva. Two developments provided a new dynamic compared to previous sessions. For the first time since the intergovernmental working group’s establishment in 2014, the United States and Japan participated in its meeting. Germany expressed its views for the first time. In addition, the [...]

On August 23 2021, the International Monetary Fund (IMF) performed the long desired payout of special drawing rights (SDRs) to the tune of 650 billion US dollars. Especially for countries of the Global South, the SDRs are a welcome cash injection. Unlike the EU and the USA with their economic recovery programs worth trillions, developing countries have so far only been able to mobilize few financial resources to cope with the impacts of the crisis, and for this reason too [...]

In 2014, the Human Rights Council of the United Nations (UN) mandated an intergovernmental working group to draft an international treaty for the protection of human rights in the global economy. Since then, the intergovernmental working group, which consists of governments, representatives of civil societies and business, has been meeting annually to negotiate the current status of the draft. The third revised draft constitutes the basis for negotiations during the seventh meeting of the working group from October 25 to [...]

The coronavirus (COVID-19) crisis has ignited eagerness in some circles for new binding instruments in the global health arena. This is an unexpected development, in many ways: health policy arrangements are mostly grounded on soft norms, and the World Health Organization (WHO) has adopted binding agreements only twice in its 76 years of history. Nicoletta Dentico describes in her paper the background of the proposal for a Pandemic Treaty currently discussed in the WHO and discloses the actors and their [...]

Time to overcome contradictions and hypocrisy in the COVID-19 crisis

Policy responses to the COVID-19 pandemic and resulting economic crisis have greatly exacerbated national and global inequalities. Blatant examples are the unfair distribution of care work, relying mainly on women and poorly remunerated if at all, and the global disparity in the distribution of vaccines.

So far more than 60 percent of people in high-income countries have received at least one dose of COVID-19 vaccine, but less than 2 percent [...]

The COVID-19 pandemic has drastically demonstrated just how close the link is between humans, animals, and the environment, and has highlighted and aggravated existing challenges. The destruction of natural habitats and displacement of species, trade in wild animals, resource-intensive lifestyles and conditions, non-sustainable food systems and, in particular, industrial agriculture and intensive livestock farming are the causes of the emergence of zoonoses as well as numerous other communicable and non-communicable, chronic diseases.

The One Health approach focuses precisely on such [...]

Global debt levels have been surging constantly over the past decade, and the need to fight the COVID-19 crisis with running fiscal deficits and borrowing money has been a further shock to global economies. While central bank interventions have been keeping interest rates low in the global north, countries in the global south are particularly vulnerable to crisis because they owe large amounts of external debts. The risk of debt crisis is high and debt service costs are rising rapidly [...]

The UN Forum on Financing for Development (FfD) 2021 was the first FfD forum held as planned since the outbreak of the COVID-19 crisis. Accordingly, the expectations were high. Development finance is currently facing a triple challenge: to mitigate the humanitarian crisis, funds for an acute crisis response are needed – for example, to finance universal access to vaccines through the COVAX-facility, or for social protection measures. To mitigate the further divergence between countries, resources must be made available for [...]