Finance & Trade
UN Human Rights Experts Urge EU to Adopt Financial Transactions Tax
May 16, 2012
A group of United Nations independent experts, led by Special Rapporteur on extreme poverty and human rights, Magdalena Sepulveda, have called on the European Union to take the lead in promoting the adoption of a global financial transaction tax that would offset the costs of the current economic crisis and protect basic human rights.HRW Urges New World Bank President to Adopt Human Rights Agenda
May 9, 2012
Jessica Evans, from Human Rights Watch, has called on the World Bank's new president, Jim Yong Kim, to adopt a funding agenda for the organization that considers socio-economic rights such as the rights to food, water, affordable housing, and the right to healthEuropean Parliament's Push for Financial Transaction Tax Grows Stronger
May 6, 2012
A resolution adopted by the EP's Economic and Monetary Affairs Committee last week says the proposed financial transaction tax should be better designed to capture more traders and that the tax should be implemented even if only some Member States opt for it.World Bank, ILO Urge Governments to Enhance Social Protection Floors
May 1, 2012
Citing evidence that governments from around the globe used labor market interventions to limit the economic and social impacts of the crisis and spur employment, the International Labour Organization and the World Bank have called on remaining countries to take similar actions, including expanding the coverage of social insurance to all workers and Integrating and strengthening financial safety nets.IMF Countries Commit Billions for Global Financial Safety Net
April 27, 2012
The International Monetary Fund has doubled its lending capacity with almost half a trillion dollars ($430+ billion) in pledges from member countries and will use the multi-billion dollar "global safety net" to try to prevent the global fiscal crises from spreading.Trade Official Urges Bigger Role for UN in Global Economic Governance
April 25, 2012
At the thirteenth ministerial meeting of the United Nations Conference on Trade and Development, UNCTAD Secretary-General Supachai Panitchpakdi said that the United Nations must play an "increasingly prominent role" in governing a world economy still facing the global fiscal crises.Europe's Debt Crisis a Lingering Concern for Global Economic Growth Prospects
April 25, 2012
In its World Economic Outlook report, the International Monetary Fund raised its outlook for global economic growth to 3.5% for the year, but warned that Europe's debt crisis and a potential oil price spike remain threats to a fragile global recovery.IMF's Lagarde Calls for EU-Style Global Financial Firewall
April 18, 2012
In a recent speech, International Monetary Fund Managing Director Christine Lagarde said that, to deal with the world's financial crisis effectively, governments must increase the IMF's resources and put into place an EU-style global firewall that will "help complete the 'circle of protection' for every country."World Bank to Promote Global Governance
April 4, 2012
One of the six pillars of the World Bank's new strategy on governance and anti-corruption is the promotion of global governance.NGOs Demand that World Bank Group Implement Guiding Principles on Human Rights
April 4, 2012
In a letter to the Office of the United Nations High Commissioner for Human Rights ("UNHCHR"), a group of international human rights NGOs urges the UNHCHR to require the World Bank Group to implement the Guiding Principles on Business and Human Rights in its financing and development activities, including the use of human rights impact assessments.A JOINT PROGRAM OF
