Monthly Archive: September 2022

Injuring the Care Economy with Private Finance

By Marina Durano, Ph.D.
The pandemic lockdowns and limits to mobility taught painful lessons about the importance of care. First, the pandemic forced us to recognize the value of care workers as essential and that we are dependent on a broad spectrum of essential workers. Second, a significant share of deaths occurred in long-term care homes, exposing the vulnerabilities of a long-neglected sector. Third, parents with school-age children felt the stresses of holding down a job while working from home at the same time that they are caring for their children and family members within a confined space. Read more

New Release: Interest rate turnaround. A turning point for development finance?

By Bodo Ellmers
Since the adoption of the 2030 Agenda on Sustainable Development, development finance has operated under conditions of low interest rates and high liquidity in global financial markets. This has changed with the recent turnaround in interest rates. The briefing paper Interest rate turnaround. A turning point for development finance? describes the current trends, analyzes the implications for financing sustainable development in the Global South, and formulates policy recommendations on how countries in the Global South and their financing partners in the North can respond to the interest rate increases. Read more

Sustainable Development, Corporate Influence and Private Finance

By Antje Hipkins and Elena Marmo

Crucial to the achievement of the Sustainable Development Goals (SDGs) of the 2030 Agenda is SDG 17, “Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development”. Increasingly, discussions now take the form of multistakeholder partnerships and engagement with the business sector as a tool to mobilize finance for the SDGs or generate needed capacity – often to develop a pipeline of bankable projects. This partnership orientation has become a regular feature of the UN agenda, from the Economic and Social Council (ECOSOC) Operational Activities Segment in May 2022 to the High-Level Political Forum (HLPF) in July 2022. Read more

Global South Voices at 2022 UN High-level Political Forum

By Antje Hipkins
At the first High-level Political Forum held in person since the onset of the COVID-19 pandemic in July 2022, 44 countries presented VNRs, including many Least Developed Countries (LDCs) and Small Island Developing States (SIDS). These countries focused on progress toward achieving the 2030 Agenda and the impact of COVID-19 on countries’ development plans, progress on gender equality, specific vulnerabilities in the face of multiple global crises, and the urgency of increasing climate resilience. Some emphasized the importance of a shift away from reliance on Gross National Income (GNI) as a key measure of development, as well as concern about the ability of LDCs to continue developing sustainably after graduating from the category. Read more