A victory for India's farmers, a victory for all!
Building our Collective Power for Immediate and Long-term Change: An Urgent Call to Scale Up in Scope, Speed and Intensity*
Lidy Nacpil, APMDD Coordinator
COVID19 brought staggering challenges to survival to people everywhere, most of whom have already been dealing with economic precariousness, impacts of an escalating climate crisis, and violence in many forms. This is especially true for women, for people of color, for indigenous peoples, migrants, farmers, workers and others who have had to grapple with additional layers of discrimination and marginalization.
To the participants of the 2021 Finance in Common Summit: move from commitments to action!
As a key milestone to COP 26 and avowed supporter of common action for climate, biodiversity and the UN Sustainable Development Goals, the #FinanceinCommonSummit2021 must ensure that public development banks and the governments that control them must commit to take bold, rapid and concrete steps in the right direction to address the multiple crises that the world, especially the Global South, continue to face.
We reiterate our calls to
-End public financing of fossil fuels now!
-Stop public financing of industrialized agricultural systems!
-Cancel unsustainable and illegitimate debts of developing countries!
Hollow Pillars on Unequal Grounds
How the OECD/G20 Tax Deal Upholds the Inequality and Exclusivity of the Global Tax System
On July 10 2021, the G20 Finance Ministers and Central Bank Governors concluded their third meeting with a resounding endorsement of the unambitious and undemocratic two-pillar solution of the G7 and the OECD. The G20 endorsement is the latest rubber stamp to the agenda dominated and led by the Global North to redefine global tax rules exclusively for their own benefit. While painting the illusion of plugging foregone revenues, the G20 and the OECD’S two-pillar proposal is a false solution that opens more loopholes for tax abuses than it closes. The consequence of the OECD/G20 agreement is strikingly simple – it undermines the calls of peoples from the Global South for a comprehensive, democratic, and just system of global corporate taxation.
Briefs on Energy and Energy Finance
of Selected Asian Countries
The G7 Summit will be held this weekend
- a regular meeting of the governments
of the richest, industrialized countries
in the world - the US, UK, Germany,
France, Italy, Canada and Japan.
This year’s meeting’s supposed objective
is “to unite leading democracies to help
the world build back better from
the COVID-19 pandemic and create
a greener, more prosperous future.”
Asian Movements and Citizens Groups Reject “Inequitable, Undemocratic”
15% G7 Global Tax Deal As the G7 Finance Ministers’ Meeting in London concluded with exalted acclaim from its member
states on the “groundbreaking overhaul”
of global tax rules, movements raised alarm bells against the impact of the G7 commitment
to a 15% minimum global corporate tax rate.
Finance Ministers of the Group of 7 (G7) –
composed of Canada, France, Germany, Italy,
Japan, the United Kingdom and the United
States – meet annually ahead of the G7 Summit attended by heads of state.
We Stand with Palestine!
Statement on the Israeli invasion
of Gaza and the Israel-Hamas Truce
The Asian Peoples’ Movement
on Debt and Development
welcomes the ceasefire between Israel
and Hamas after 11 days of fierce fighting,
the most intense conflict between
the two parties since 2014.
The ceasefire provides relief from military
violence and better conditions to ensure
that humanitarian assistance is delivered
to the affected communities.
But the roots of the conflict run deep –
for so long as the root causes
are not addressed, peace for the people
of Palestine remains fragile if not elusive.
Following the IFF Trail
The report of the High-Level Panel
on International Financial
and Integrity for Achieving
the 2030 Agenda or FACTI Panel
underscores the urgent need
to address the systemic problem
of illicit financial flows (IFF) which,
if left unabated, will continue
to widen inequalities.