Open Letter to Heads of State Meeting at the UN

Over 375 organisations and networks call for urgent global economic solutions

25 September 2020

Excellencies,

In view of the upcoming special meeting of Heads of State on the margins of the 75th United Nations General Assembly on 29th September 2020, we are writing to express our deep concerns, as we are yet to see any meaningful pathway towards the necessary multilateral decisions to overcome the global economic crisis induced by the pandemic. The humanitarian and economic crisis triggered by the pandemic is threatening the well-being of billions of people and risks derailing the global efforts to achieve the Sustainable Development Goals and respond to the expanding climate emergency.

We urgently need systemic solutions to the broken global economic architecture. National level decisions, while important, are insufficient to ensure the required policy and fiscal space needed for a decolonial, feminist and just transition for people and planet. We need to ensure the democratization of global economic governance, recognizing the right of every country to be at the decision-making table, and not only those concentrating power or resources. A new global governance should promote equality and common but differentiated responsibilities on global commons.

In the lead up to a recent meeting of Finance Ministers at the UN, a ‘menu of options’ for consideration by governments was published which includes key recommendations on issues such as debt, illicit financial flows, global liquidity and financial stability among others. It is now time for action. The world cannot afford any further delays.

At the Heads of State meeting on 29th September, we call on governments to commit to implement the following recommendations in the ‘menu of options’ and highlighted in the Finance Ministers meeting on 8th September 2020, while abiding by the human rights framework, as well as ensuring gender equality and environmental integrity (attached annex provides more detail):

  • Extensive debt cancellations and the establishment of a Sovereign Debt Workout Mechanism at the UN that would comprehensively address unsustainable and illegitimate debt;
  • Liquidity injection commensurate with the level of need among developing countries through a new allocation of Special Drawing Rights (SDRs), combined with reallocation of unused ones;
  • UN Tax Convention to comprehensively address tax havens, tax abuse by multinational corporations and other illicit financial flows through a universal, intergovernmental process at the UN;
  • Mandate the organization of an “International Economic Reconstruction and Systemic Reform Summit under the auspices of the UN” to move towards a new global economic architecture that works for the people and planet. Jamaica, in their national capacity, at the Finance Ministers meeting on 8th September 2020 called for the need for the United Nations to convene a conference focused on economic recovery from COVID19.

Time for talking is over. Time for action now.

Yours sincerely,

50by40 Global
80:20 Educating and Acting for a Better World Ireland
AAEEH Europe
AbibiNsroma Foundation Ghana
Abundant Grace Female Foundation Ghana
Access Education International (AEI) Kenya- East Africa
ACT Alliance Global
Action for Sustainable Development UK
Actionaid, Zambia Zambia
ActionAid International Global
ActionAid Malawi Malawi, Africa
ACTIONS PROGRES VIE ONG (APROVIE ONG) Benin
ADAB( Association of Development Agencies in Bangladesh) Bangladesh
ADD International United Kingdom
afifa foundation India
Africa Development Interchange Network (ADIN) Cameroon
Africa Intercultural Development Support Uganda
Africa Young Positives Network (AY+) Africa
AFRICAN FOUNDATION FOR ENVIRONMENT AND DEVELOPMENT Nigeria
African Union Youth For Change Togo
African Women’s network for Community Management of Forests (REFACOF) Cameroon and 19 African countries members
African Youth Voluntary Organization Somalia
AFRIDAC Bénin
Afrihealth Optonet Association [CSOs Network with UN ECOSOC Status] Nigeria
Aid Organization Bangladesh
Aid/Watch Australia
All Win Network, Institute for Planetary Synthesis, Commons CLuster of the UN NGO MG USA, Global
Alliance contre la Pauvreté au Mali/GCAP_Mali Mali -Ouest Afrique
Alliance for Empowering Rural Communities (AERC-Ghana) Ghana
Alliance Sud Switzerland
Alternatives Durables pour le Développement (ADD) Cameroun / Afrique Centrale
Ambrela – Platform for Development Organisations Slovakia
Amis des Étrangers au Togo: ADET Afrique
ANAD Mauritania
Anasi Farmers Association Uganda
Apostolic Ministerial International Network Ghana
ASEAN OBOR Research Academy Malaysia
Asia Democracy Network Asia
Asia Development Alliance Asia
Asia Pacific Entrepreneur Associate Chamber of Commerce Malaysia
Asian Peoples’ Movement on Debt and Develoopment (APMDD) Philippines, Asia
ASMOK Africa/Kenya
ASSESOAR – Associação de Estudos, Orientação e Assitência Rural Paraná/Brasil
Associação Alternativa Terrazul Brasil
Associação para a Cooperação Entre os Povos (ACEP) Portugal
Association des Femmes pour le Développement Durable Accéléré (AFeDDA) Bénin
Association For Promotion Sustainable Development India
Association for Sustainable Development Livelihood Initiatives (SUSTAIN Cameroon) Cameroon
Association pour la Promotion de l’Action Sociale et des Initiatives Communautaires (APASIC ONG) Bénin
Association pour la Promotion Féminine et le Développement Communautaire (APFDC-BENIN) Bénin
Association pour l’Integration et le Developpement Durable au Burundi, AIDB Burundi
Associazione Comunita’ Papa Giovanni XXIII (APG23) Italy
Bagmati UNESCO Club Nepal
Bangladesh Nari Progati Sangha (BNPS) Bangladesh
Bangladesh NGOs Network for Radio & Communication(BNNRC) Bangladesh
beninactionong beninactionong@yahoo.fr
BURUNDI RUGBY LEAGUE-RUGBY A XIII COOPERATIVE Burundi
CADIRE CAMEROON ASSOCIATION Cameroon
CADTM International
CAFSO-WRAG for Development Nigeria
CAMPUS DE PENSADORAS URBANAS DELICIAS REGIÓN CENTRO SUR México
CAN America Latina Latin America
CAN Tanzania Tanzania/East Africa
Canadian Council for International Co-operation Canada
Carbone Guinée Guinée
CARITAS CONGO ASBL Republique Democratique Du Congo
CAS-ODD ONG Benin
CCFD-Terre Solidaire France
CEBI – Centro de Estudos Bíblicos Rio Grande do Sul/Brasil
CEDEAL Ecuador, Quito, Pichincha
Centre for muslim youth in peace and development- Ghana West African
Centre for Research and Advocacy, Manipur Asia
Centro Brasil no Clima Brasil, Rio de Janeiro
Centro de Investigación para la Acción Femenina (CIPAF) Dominican Repúblic
CEPARD GLOBAL Uganda – East Africa
CESE- Coordenadoria Ecumênica de Serviço Brasil
CHIKKA FEDERATION OF INDIA India
Children and Young People Living for Peace(CYPLP) Nigeria
CHINAR (Central Himalayan Institute for Nature & Applied Research) India
Christian Aid United Kingdom
Christian Aid Ireland Ireland
Church Action for Tax Justice United Kingdom
CIPE: Centro de Investigaciones para la Equidad Política Pública y Desarrollo. México
CISP italy
CIVIL SOCIETY COALITION ON SUSTAINABLE DEVELOPMENT Nigeria/ Africa
Civil Society FfD Group Global
Clímax Brasil Brasil
CNCD-11.11.11 Belgium
Coalizão Direitos Valem Mais Brasil
CODICE AGUASCALIENTES Aguascalientes México
COFEM-BURUNDI Burundi
Colectivo Mujeres Tlanamacalli por la Democracia, la Tierra y la Cultura Jalisco, México
Commons Cluster of the UN NGO Major Group, Institute for Planetary Synthesis, All Win Network, Association of World Citizens USA
COMMUNITY AND FAMILY AID FOUNDATION-GHANA Ghana
Congregation of Our Lady of Charity of the Good Shepherd Latin America America Latina
Congregation of the Mission USA
Congregations of St Joseph UN NGO International
Construisons Ensemble le Monde RDC-AFRIQUE
Cooperation Committee for Cambodia (CCC) Phnom Penh, Cambodia
Coordinadora de ONG para el Desarrollo – España Spain
Coordination des Associations et ONG Féminines du Mali “CAFO” Mali -Ouest Afrique
Coordination SUD France
Corporate Europe Observatory EU
Council for People’s Development and Governance Philippines
CRIA- Centro de Referência Integral de Adolescentes Brasil- Bahia- Salvador
CSEND Switzerland
CSO Youth FfD Constituency / UNMGCY Global
Czechia Against Poverty and Inequality Czech Republic
Dalit NGO Federation (DNF), Nepal Nepal
Dapi benin ong Bénin
DAWN (Development Alternatives with Women for a New Era) Global South
Debt Justice Norway Norway
DemNet Hungary Hungary
Diverlex Venezuela
Dominican Leadership Conference U.S.A
Dr Uzo Adirieje Foundation (DUZAFOUND) Nigeria
DUKINGIRE ISI YACU Bujumbura, Burundi
EDUC’SUCCÈS Benin
Effe Rivista Femminista Italy
Ekumenická akademie Czech Republic
Ekvilib Institut Slovenia
Elat-Meyong / Femmes Solidaires Cameroun
Elizka Relief Foundation Ghana
ELO Ligação e Organização Brasil
Emonyo Yefwe International Kenya
EMPOWER INDIA Tamil Nadu,India
Enlaces por la Sustentabilidad El Salvador
Equidad de Género: Ciudadanía, Trabajo y Familia Mexico
erlassjahr.de Germany
Esquel Foundation Brazil
European Network on Debt and Development Europe
Excellent World Foundation Nigeria
Fédération des Associations de Personnes Handicapées du Bénin Bénin
Feminist Task Force Global
FEMNET Africa
FEMUM ALC-Lab City Peru – LAC
FLACJ / Foro Latinoamericano y Caribeño de Juventudes Argentina
Fondazione Finanza Etica Italia
Fondo Semillas México
Fórum Brasileiro de Ongs e Movimentos Sociais pelo Meio Ambiente e Desenvolvimento Sustentável – FBOMS BRASIL
Fórum Ecumênico ACT-Brasil Brasil
FORUM FOR WOMEN IN DEVELOPMENT, DEMOCRACY AND JUSTICE Kenya
Fórum ong aids RS Brasil
Forus Global
Foundation for Building Sustainable Communities (FBSC) Canada
Foundation For Sustainable Development and Climate Action (FSDCA) India
FRANK Water Great Britain
Fundação Mata Atlântica e Ecossistemas Brasil
Fundación Agenda Ciudadana Chile
Fundacion Arcoiris por el respeto a la diversidad sexual Mexico
FUNDACION ECOLOGICA UNIVERSAL (FEU) Argentina
Fundación Mexicana para la Planeación Familiar, A. C. MEXFAM México
Fundacion para Estudio e Investigacion de la Mujer Argentina
Fundación por la Naturaleza y la Vida FUNAVI Bolivis Bolivia
Fundación Protestante Hora de Obrar / ACT Alliance Argentina
Fundación Unidos Colombia
Garn Press (Philanthropic) US / Global
Gatef organization Egypt
GCAP Asia Bangladesh
GCAP Global Call for Action against Poverty Global
GCAP Italy Italy
GCAP Mauritius & Halley Movement Mauritius
GCAP Rwanda Coalition Rwanda
Generation Justice Haiti
Gestos (soropositividade, comunicação, gênero) Brazil
Global Action to Prevent War and Armed Conflict New York/US
Global Alliance for Tax Justice Global
Global Call to Action Against Poverty (GCAP) Global
Global Campaign for Education Johhanesburg, South Africa
Global Distribution Advocates, Inc. FL
Global Forest Coalition Global
Global Forum for Media Development Belgium
Global media foundation Sub-saharan Africa
Global Peace and Development Organization Liberia
Global Policy Forum global
Global Socio-Economic and Financial Evolution Network (GSFEN) Nigeria
GREEN STUDENT Cote d’Ivoire
GTSC Agenda 2030 (Brazilian Civil Society Working Group for the 2030 Agenda) Brazil
Hawai’i Institute for Human Rights Hawaii USA
HELPING CHILDREN Sri Lanka
HIRED Consult Ghana
Human Health Aid – Burundi Burundi
Human Rights Sanrakshan Sansthaa India
Huqooq-ul-Ebad Development Foundation Pakistan
IBON International Philippines
IDPA Perú Perú
independent development economist Germany
Indigenous Training Programme Bamenda, North West Region Cameroon
Indigenous Peoples Global Forum for Sustainable Development, IPGFforSD (International indigenous peoples Platform) Bujumbura
INESC Brazil
Institute for Democratic Action & Development (IDAD) Liberia
Instituto 5 Elementos – Educação para a Sustentabilidade São Paulo
Instituto Brasileiro de Análises Sociais e Econômicas (Ibase) Brasil
Instituto Ecoar para Cidadania Sao Paulo -Brazil
Instituto para el Desarrollo y la Paz Amazonica Región San Martín – Perú
Instituto Universidade Popular – UNIPOP Amazônia – Brasil
International Alliance of Women USA
International Cooperative Alliance Global network/Based in Europe
International Council of Women Switzerland
International Network for Corporate Social Responsibility (IN-CSR) Lagos
International NGO Forum on Indonesian Development Indonesia
International Partnership and Development Organization Russia
International Women Fund Azerbaijan Azerbaijan
International Womens Anthropology Conference USA
International Women’s Rights Action Watch Asia Pacific (IWRAW Asia Pacific) Malaysia
International Youth Alliance Bulgaria, EU
International Youth Alliance for Family Planning International
International Youth Alliance for Peace western Province
Jairos Jiri Association Zimbabwe
JEUNESSE RURALE ACTIVE Cameroun
Joy World Foundation Zambia
Jubileo Sur, Mujeres y Economia Peru
JustAct Gambia Gambia
kathak academy,special consultative status(ECOSOC) Bangladesh
Korea SDGs Network Korea South
Kosmos Associates United States
KOTHOWAIN (vulnerable peoples development organization) Bangladesh
LA CHRYSALIDE BENIN Benin
Latindadd Peru
Latvian Platform for Development Cooperation Latvia
Leads India
Madhyam India
Medical IMPACT México
Mindanao Interfaith Services Foundation Inc. Philippines
Missionary Oblates of Mary Immaculate 70 countries
Mom Loves Taiwan Association Taiwan
Moroccan Association of Green Economy for the Environment and Climate Justice morocco
Mother of Hope Cameroon (Mohcam) Cameroon
Movendi International Global
Mujeres, Democracia y Ciudadanía A.C. México
Murna Foundation Nigeria/West Africa
MY World Mexico Mexico
National Association for Women’s Action in Development Uganda
National Campaign for Sustainable Development Nepal Bagmati
National Coalition of Civil Society Organizations of Liberia Liberia
National Society of Conservationists – Friends of the Earth Hungary Hungary
National Youth Council of Ireland Ireland
Nazirite International Nigeria
New Future Foundation US and Africa
New Generation Outreach Kenya
NGO Federation of Nepal Asia, Nepal
Ninguna México
Noble Delta Women for Peace and Development Int’l Nigeria
Norwegian Forum for Development and Environment (ForUM) Norway
OBSERVATOIRE AFRICAIN DES LIBERTÉS PUBLIQUES ET DES DROITS FONDAMENTAUX (OLPDF-AFRIQUE) Benin et dans l’Afrique
Odri Intersectional rights Peru
Ohaha Family Foundation Nigeria
ONG – L’EVEIL POUR LA PROMOTION ET LE DEVELOPPEMENT DURABLE INTEGRE (E.P.D.I.) o république du Bénin
ONG ADDD (Action Développement Durable Décentralisée) Benin
ONG ADOKA Région des lagunes/ Côte d’Ivoire
ONG AMSHART Bénin
ONG BENIN ACTION Bénin
ONG Bouge/ ONG Initiative pour l’Education et le Contrôle du Tabagisme Bénin
ONG Femme Rurale Bénin
Ong Glegbenu / Task Force Citoyenne de médiation pour la paix et la démocratie dans les pays de la CEDEAO Bénin
ONG ITODJU Bénin
ONG PADJENA Bénin
ONG PROGIDEC Bénin
ONG RACINES Bénin
ONG Santé et Action Globale Lomé Togo
Organisation pour la protection de l’environnement Guinéen OPEG République de Guinée
Parlement des Jeunes Leaders de la Société Civile Guinéenne Guinea
Participatory Development Action Program Asia
Pensadoras Urbanas campus coyoacan CDMX Ciudad de Mexico
PJUD ONG Bénin
Planned Governance Network Zambia
Plataforma Portuguesa das ONGD / Portuguese NGDO Platform Lisbon
Plateforme Française Dette & Développement France
Probes ONG Bénin
Processo de Articulação e Diálogo entre Agências de Cooperação e Parceiros Brasileiros Brasil
PSI Africa Ghana
Public Eye Switzerland
Public Services International (PSI) Global
Reality of Aid Global Network Global Network
Red Dot Foundation India
Red Dot Foundation Global USA
Red Internacional de Promotores ODS Latinoamerica y el Caribe
Red Mira_Pensadoras Urbanas México, CDMX
Regional Centre for International Development Cooperation (RCIDC) East africa
Regions Refocus USA
REJEB Bénin
Religion Raelienne Congo République du Congo
Religious of the Sacred Heart of Mary – NGO at the UN International
RENICC-LATINDADD-AOED LAC Nicaragua , Mesomerica
Réseau Foi & Justice Afrique Europe antenne France France
Réseau panafricain des jeunes pour la culture de la paix en signe PAYNCOP République du Congo
RESEAU RESSOURCES NATURELLES (RRN) RD Congo
Rhamna Women Association Benguerir , Morocco
RIFONGA- BENIN (Réseau pour l’Intégration des Femmes des ONG et Associations Africaines Bénin
Rise2030 Lebanon
Roots for Equity Pakistan
Rural Area Development Programme (RADP) Nepal (Asia)
Samakab Youth Development Organization. Somalia Specailty. South West Somalia. Baidoa.
Scholarship for Afghanistan Afghanistan
SEDRA,Mesavinculacio org sociedad civil cepal Chile
SERTA -SERVIÇO DE TECNOLOGIA ALTERNATIVA Brasil
Servicios Ecumenicos para Reconciliacion y Reconstruccion- SERR USA
sfbsp-BURUNDI Burundi
Shanduko Yeupenyu Child Care Harare Zimbabwe
Silambam Asia Malaysia
Sisters of Charity Federation United States
Sisters of Notre Dame de Namur Global
Smart Servant Leaders Program Benin
Social and Economic Policies Monitor (Al Marsad) Occupied Palestine
Social Justice in Global Development Germany
SOCIAL WATCH / CONTROLE CITOYEN AU BENIN Bénin
Society for Conservation and Sustainability of Energy and Environment in Nigeria (SOCSEEN) Nigeria
Society for Economic Em[powerment and Entrepreneurship Development (SEEED) Nigeria
Society for International Development International
SOLIFONDS Switzerland
Soroptimist International Global
SOS CORPO Instituto Feminista para a Democracia Brasil
SPJIMR India
Step Up Youth Initiative Uganda Uganda, East Africa
Success Capital Organisation Botswana
Sugur Development Agency (SUDA) Uganda
Swachhalay India
Tanzania Coalition on Debt and Development (TCDD) Tanzania
Tax Justice Network International
Tax Justice Network Norway Norway
Tax Justice UK UK
Tax Reconciliations United Kingdom
TDJ-BURUNDI Burundi
TDJ-burundi Burundi
Temple of Understanding USA
The Bretton Woods Project United Kingdom
The Equality Trust United Kingdom
The international federation of medical students associations global
The Peoples Justice Council United States
The Reality of Aid – Asia Pacific Philippines – Asia Pacific
Third World Network Global
third world network-africa Ghana
Tripla Difesa Onlus Italy
Two Hands One Life Uganda
Unanima International USA / Global
UnB2030 Brazil
UndebtedWorld Greece, Balkans, Eastern Mediterranean
UNDESA,UNV AND UNCTAD SUMMER SCHOOL 20 India
Union de l’Action Féministe Maroc
Union des Amis Socio Culturels d’Action en Developpement (UNASCAD) Haiti
United for Climate Action Ecuador
Universidade Estadual do Norte Fluminense Darcy Ribeiro Brazil
University College Dublin Ireland
Urgent Action Fund for Women’s Human Rights US/Global
Uso Inteligente ASV AC Mexico
VADID (Volontaires d’Action pour le Développement Intégré et Durable) Bénin
VIJANA NA CHILDREN FOUNDATION -VINACEF UGANDA Uganda
Virtual University for International Relations (VUfIR) West Africa
VIVAT International USA
VOICE Bangladesh
Wada Na Todo Abhiyan (WNTA) India
Watchman Relief Association Global Cameroon
Water Justice and Gender Global
WECF International Netherlands
Wemos Netherlands
WFM – Canada Canada
Womankind Worldwide UK
Women and Modern World Social Charitable Center Azerbaijan
Women Empowerment Against Poverty of Nepal Gandaki
Women for Water Partnership Netherlands / Global
Women Trust Initiative Zambia
Women’s Working Group on Financing for Development Global
Women’s Budget Group UK
Women’s Environment and Development Organization New York
Women’s Major Group Global
World Silambam Association Malaysia
World Yoga Association Malaysia
World Youth Summit NPC South Africa
YOTAN-Partners for Social Accountability Liberia
Youth Action Hub Guinea – UNCTAD Guinée
Youth and Women for Opportunities Uganda-YWOU Uganda
Youth Empowerment and Support Initiative-Africa (YESI Africa) Uganda
Youth For Environment Education And Development Foundation (YFEED Foundation) Nepal, South Asia
Youth for Tax Justice Network Africa
Youth Vision Society Palestine
Zimbabwe Women’s Bureau Zimbabwe

ANNEX – Calls for Action on the key elements of the Financing for Development agenda

  • Debt cancellation and Sovereign Debt Workout Mechanism at the UN
    • Permanent cancellation of external debt payments for at least four years for all developing countries in need without penalties;
    • Provision of additional, emergency finance without creating more debt, nor conditionalities;
    • Protection of developing countries from lawsuits when ceasing debt payments at national and multilateral levels;
    • A debt relief initiative to bring developing country debts down to sustainable levels and which considers countries’ long-term financing needs to pursue the SDGs, climate goals, and human rights and gender equality commitments;
    • A sovereign debt workout mechanism at the UN that would comprehensively address unsustainable and illegitimate debt.
  • UN Tax Convention
    • It is time to back a truly universal, intergovernmental process at the UN to comprehensively address tax havens, tax abuse by multinational corporations and other illicit financial flows that obstruct redistribution and drain resources that are crucial to challenging inequalities, particularly gender inequality.
    • Taxing income, wealth and trade should be seen to support the internationally agreed human rights frameworks, as without taxation we cannot mobilise the maximum available revenues. Tax abuse and tax avoidance also needs to be considered under the extraterritorial obligations of states towards other states not to hamper the enjoyment of human rights via blocking financing through abusive tax laws, rules and allowing companies and wealthy individuals to abuse tax systems.
  • Global technology assessment mechanism at the UN
    • As the UN, governments and institutions grapple with the governance of digital technologies, there is an urgent need for broad, transparent, inclusive, accessible and participatory deliberations on the current and potential impacts of these technologies on the environment, the labour market, livelihoods and society;
    • Horizon scanning and foresight capacities need to be developed and should involve identifying options beyond technological solutions. Governance measures on technologies is not just about regulation but ensuring that the common good remains as the ultimate goal and takes precedence over profits.
  • Assess development impacts of current trade and investment framework
    • To ensure developing countries retain maximum policy flexibility in their trade and investment policies there should be no negotiations or signing of any binding trade and investment agreements including at the WTO;
    • A moratorium on Investor-State-Dispute-Settlement (ISDS) cases, and non-implementation or violation of current trade and investment commitments, including Intellectual property rights rules through the TRIPS and TRIPS plus agreements, if these conflict with public policy objectives including economic and health objectives, during the pandemic.
    • Ensure an international legally binding instrument to regulate, in international human rights law, the activities of transnational corporations and hold them accountable for human rights violations by supporting the ongoing negotiations for the UN Binding Treaty on Business and Human rights under the Open-ended intergovernmental working group on transnational corporations and other business enterprises with respect to human rights.
  • Assess systemic risks posed by unregulated or inadequately regulated financial sector instruments and actors
    • Agree on adequate regulation and supervision of financial institutions, credit rating agencies and hedge funds through a UN framework;
    • A global ban on short selling among all markets and increase regulation/surveillance of high-frequency trading;
    • A global agreement on the importance of capital account management to prevent capital flight, limit speculative trading and arrest declines in currency and asset prices;
    • A new allocation of Special Drawing Rights (SDRs) needs to be agreed, commensurate with the level of need among developing countries;
    • A Global Fund for Universal Social Protection to support the most vulnerable countries in responding to the pandemic.
  • Review development outcomes of PPPs and ‘private finance first’ approach
    • We reject the World Bank Group’s Maximising Finance for Development (MFD) approach that implies a problematic ‘private finance first’ attitude to development finance and rather unrealistic assumption that private finance will appear to fill the financing shortfalls. While donors and institutions promote a ‘Billions to Trillions’ narrative and blended finance, whose development impact is yet to be proven, the reality is they are not living up to their own commitments and are instead regressing.
    • There is a need to reaffirm the centrality of public policies and investments. We call on governments to declare a moratorium on funding, promoting or providing technical assessment for PPPs and ‘private finance first’ approaches until an independent review into their development outcomes is completed.
  • Review of the ODA framework
    • Partnerships for sustainable development should comply with the local ownership of development processes, whereby all relevant stakeholders, including local communities and CSOs can be actively involved. We also call on donors to uphold the integrity of ODA and of effectiveness agenda.
    • Call on DAC members to immediately reverse the decline in ODA as a share of GNI, fulfil and where possible exceed the 0.7% target for ODA in the form of unconditional grants and technical support;
    • Call on all donors to ensure that development aid is not diverted but reinforces humanitarian response to the crisis and to ensure that emergency responses are aligned with developing country priorities without conditionalities.


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