Contents with tag: Global
Since 2014, a UN process has been underway towards establishing a treaty that aims to regulate transnational corporations’ (TNCs) activities and hold them accountable for rights violations under international human rights law.
Since 2017, the WBG has been working with its “Cascade” approach, later renamed as “Maximizing Finance for Development” or MFD.
We gave insights from a Southern people’s perspective during a session on Southern countries’ development cooperation, stressing not only the need for genuine people’s participation but also how solidarity, mutual benefit and equality are important principles.
We highlighted the need to ensure people’s rights, especially for marginalised communities, and the people’s ownership of their development path and related processes – with poverty eradication as the essential development outcome.
The activity will bring together representatives from different stakeholder groups to discuss and share experiences and challenges in advancing human rights-based approach in South-South development cooperation, towards strengthened partnerships in its active promotion.
The report also shows why the traditional approach to development partnerships is failing to bridge the gap between rich and poor, how adopting a rights-based approach is the way forward to achieving effective development cooperation.
Peoples and their organisations especially in the Global South need to take back economic power, resist the monopoly-led economic system that contributes a large part to worsening inequality.
If the worse comes to worst, we may have to listen more to the movements especially in the Global South who have been, for years, calling to finally “junk” the WTO.
IBON International announced that its Board of Trustees has recently appointed Amy Padilla as Director.
The 11th Ministerial Conference (MC11) of the WTO ended yesterday without the adoption of a Ministerial Declaration document, which would detail the agenda agreed upon in the trade talks.