🌍 Day 2 of the #UNTaxConvention negotiations in Nairobi ended with slow progress, growing contradictions, and a widening gap between stated commitments and real ambition. Here’s a quick summary of where things stand. 🧵

"Extreme wealth has been driving inflation in housing prices, distorting democracy, locking in carbon, and fueling cross border tax abuse. There are many negative spillovers of high wealth inequality" - Political Economist Fernanda Balata at #IMFMeetings.

The majority of the UK’s richest are happy to live here & pay their taxes. But what about the greedy few that use the UK to get rich, then bail when it's time to pay their dues? The UK needs a settling up tax, just like 🇺🇸 🇫🇷 🇩🇪 🇳🇱 🇨🇦 🇦🇺 🇪🇸 🇮🇹 🇳🇴 🇯🇵. taxjustice.uk/blog/settlin...

Africa emits just 2–3% of global emissions yet faces the harshest impacts 🌍 We were at #AfCoDD5 where movements demanded climate finance rooted in reparations, not loans. Read our reflections ⤵️ www.cesr.org/reimagining-...

💸 Billions promised for climate action are trapped in debt and corporate interests. Our new guide #DecodingClimateFinance (by @cesr.bsky.social & @larutadelclima.bsky.social) gives activists, researchers and advocates tools to demand change. 🔎 Read and share: bit.ly/decodingclim...

"Spain was the world’s fastest-expanding major advanced economy last year, outpacing even the US, with GDP up 3.2%. By contrast, growth in the UK and France last year barely scraped above 1%." www.theguardian.com/politics/202...

I scored 10/12 on the #TaxTheSuperRich Quiz! Try it too! 👉 caneurope.org/tax-the-supe...

2️⃣ 🇰🇪 Kenya issued a strong warning about aligning the Convention with existing frameworks like the OECD’s: “Calling for complementarity is calling for the status quo to remain.” Many Global South states, the African Union and #ATAF echoed this concern.

❓What happened during Day 2 of the #UNTaxConvention negotiations? Countries debated three key commitments that could shape the foundation of a just global tax system. ⤵️ Here’s a quick rundown 🧵

🚨 Our team is in #NYC following the first round of intergovernmental #UNTaxConvention negotiations that kicked off today. Learn why this is a historic moment for #TaxJustice in our FAQs: bit.ly/3UdAvgm

The #UNTaxConvention negotiations kicked off today. Our new blog maps early State & stakeholder submissions: from taxing rights to fairness, rights, and climate justice. Read what’s at stake ➡️ www.cesr.org/early-signal...

📅 Monday, Aug 4: A historic moment for global tax justice. 🌍 The first substantive negotiations of the #UNTaxConvention began today, with all Member States reaffirming their commitment to this landmark process. Here are 6 key takeaways from Day 1 ⬇️ #TaxJustice #UNTC

The global rules of finance must serve human rights—not undermine them. 🎥 Watch highlights from our joint side event at #FfD4 youtube.com/watch?v=SoLb... With @mariaronbalsera.bsky.social, @liznelson13.bsky.social, @sylvainaubry.bsky.social & more Thank you @taxjustice.net for the video!

How can global economic policy shift from hindering to enabling gender equality? In CESR’s latest blog, our Director of Program @drmariannaleite.bsky.social urges that the 2025 #HLPF and #BeijingPlus30 confront the economic roots of gender inequality. 🔗 Read: www.cesr.org/global-presc...

@cesr.bsky.social my reflections on the last day of the #FFD4 in Seville

At the closing ceremony for the #FFD4 Glad that #HumanRightsEcomy had received so much support in so many of the events.

Powerful words from the King of Spain, Pedro Sanchez, & Guterres on the need to reform IFA to get #FFD in a fair & sustainable way. Promoting #TaxJustice & #DebtJustice to raise the $4Trillion financing gap.

Antonio Guterres: Debt is unfair, unsustainable & unaffordable. #FFD4 SPA for a debt register, principles of responsible lending & borrowing, cost of capital, & debtor club. It's a matter of Justice, not charity.

@jayatighosh.bsky.social International Financial Institutions need to stop: - Being procyclical - Promoting deregulation & privatisation - Forcing fiscal austerity #FFD4 We need #TaxJustice & #DebtJustice @icrict.bsky.social

Ahead of the #FFD4 We participate in 3 great side events: 1 Public Services and Care Economies 2 Feminist forum 3 FFD4 Civil Society Forum @cesr.bsky.social

🌍✨ Side Event | Climate Reparations: Advancing Finance and Human Rights for Frontline Communities 📅 Date: June 24 🕘 Time: 16:30 – 17:45 📍 Location: Room Berlin @cesr.bsky.social @larutadelclima.bsky.social @amnesty.org @oxfaminternational.bsky.social @coolearthaction.bsky.social

As climate negociations stands at a crossroads, @cesr.bsky.social is present at #SB62 to echo calls for human rights centred climate finance. There is no climate justice without #humanrights. There is no #economicjustice without #climatejustice. #UNTC #DebtJustice @mariaronbalsera.bsky.social

The European Parliament's rejection of the #FinancingForDevelopment report ahead of #FfD4 undermines #Agenda2030 & weakens the EU's global credibility when multilateral cooperation is ever more vital🇺🇳 📣Read @mariaronbalsera.bsky.social's analysis & call for action feps-europe.eu/reclaiming-m...

In the coming weeks, we will be part of key global spaces shaping the future of climate and economic justice 💵 Join @cesr.bsky.social at London Climate Action Week, #SB62, #FfD4, and more 🌎 👇🏼https://www.cesr.org/cesr-at-london-climate-action-week-sb62-and-ffd4/ @mariaronbalsera.bsky.social

10 years on from the #ParisAgreement, countries are still not agreed on one of its key aims: how to make financial flows consistent with climate-resilient development 💸 Our new briefing sets out the key issues during the #SB62 #JuneClimateMeetings: bit.ly/art2-1c 🧵 more in thread

Next Monday: Join us, Oxfam GB, and @christianaiduk.bsky.social at #LCAW2025 to explore how fair finance is essential to a truly just transition. With @jayatighosh.bsky.social, @rosekobusinge.bsky.social, and more! 📡Webinar in French, Spanish & Portuguese. ✏️ Sign up: bit.ly/whopays_

As #SB62 opens in Bonn, climate finance is back in the spotlight, and still failing the Global South. #COP29 fell short, offering too little and ignoring equity. It’s time to center human rights in how climate funds are raised and distributed. Read more: bit.ly/4kJFXTP

#FfD4 will set the agenda for how the global economic system will serve #development in the coming years. European governments should show the political will that is needed for #EconomicJustice. The time is now! ⏰ Read our OpEd (@politico.eu): www.politico.eu/sponsored-co...

“Higher tax rates could mean higher rates of happiness, which is why I’m happy to pay more” www.independent.co.uk/news/uk/home...

🌍 Ahead of #COP30, we join civil society voices across the globe in signing an open letter to Brazil’s incoming presidency. Together, we call for: ✅ Just energy transition ✅ Real climate adaptation ✅ Financial justice ✍️ Endorse here: lnkd.in/e4ijgEvt

While the Global South brings urgency and solutions to upcoming #FfD4, Global North governments remain absent in presence & ambition Europe is blocking progress on just debt resolution & democratic tax reform. It’s time to back UN-led financing for development centered on rights. #EraOfJustice

1️⃣3️⃣0️⃣ countries in the #GlobalSouth are critically indebted. 👉#FfD4 won’t be a success without #DebtReform! The #EU’s latest proposal is woefully insufficient, but it’s not too late for @ec.europa.eu & @europarl.europa.eu to support an #EraOfJustice. Get involved! eurodad.org/jubilee_2025_petition

We welcome the @europarl.europa.eu #Development Committee's support for a #UNDebtConvention in today's historical #FfD4 vote. The UN is the only 🌍 institution with equal representation & can guarantee that creditors' interests aren't prioritised over the needs of millions of people! A 🧵

Congratulations @drtedros.who.int and all the people who have worked for this Pandemic agreement to be approved without any votes against.

A truly historic evening at the #WHA78: the #PandemicAccord resolution was approved in Committee A with 124 in favour, 0 against and 11 abstentions. The final step: adoption in plenary tomorrow morning. My thanks once again to @who.int Member States for choosing to keep the world safer. 🙏

It's official: the #PandemicAccord is officially adopted by the World Health Assembly! My warmest congratulations to @who.int Member States for their commitment to keeping their people and the world safer. What a moment in global health history. Together!

💰 26 BILLION EUROS 💰 The amount EU-coordinated tax on profits of fossil fuel industry (aka Solidarity Contribution) raised in 2022/2023: eur-lex.europa.eu/legal-conten... This makes the case for a permanent tax on profits of this industry. #MakePollutersPay for the destruction they cause!

The global debt system is failing—and the upcoming #FfD4 conference in Seville is a rare chance to fix it. We need a UN-led process that puts people and planet before profit. Creditor countries must step up. #DebtJustice #FfD4 #RightsBasedEconomy

"The current international financial architecture perpetuates historical injustices and exacerbates global inequalities. #FfD4 presents a critical opportunity to reshape this system through a human rights lens", @mariaronbalsera.bsky.social at #FinancingOurFuture @feps-europe.eu

The 1st panel discusses reform of the Global Financial Architecture 🇺🇳🇪🇺 🔸Shari Spiegel UNDESA 🔸Charles K. Maboshe Embassy of the Republic of Zambia in Brussels 🔸 @barryandrewsmep.bsky.social @reneweurope.bsky.social 🔸 @mariaronbalsera.bsky.social @cesr.bsky.social 🔸Maria João Rodrigues FEPS Pres

Public finance can help achieve the #GlobalGoals, eradicate hunger & poverty, and fight for #GenderEquality & the #climate. ❓@ec.europa.eu, will you support reforms on ✅ Sovereign #debt ✅ #UNTaxConvention ✅ Development cooperation? #FfD4 ow.ly/n0nx50VJyam cc. @vonderleyen.ec.europa.eu

“Sovereign debt restructuring today lacks fairness, coherence & predictability—shaped by creditor-dominated, ad hoc processes that fail to prioritize people’s rights or countries’ obligations to them” our Global Partnerships Lead, Mahinour El Badrawi #FfD4People

At the UNU-IIGH & TWN symposium on Strengthening Global Health Governance. Defending the public Interest & Holding Powerful Private Actors Accountable. Follow live from KL: go.unu.edu/EwnoC

The sovereign debt crisis is a human rights issue, and it’s time we treat it like one. Join us as we launch a new paper series w/ @josephestiglitz.bsky.social, #ZaneDangor, and a powerhouse panel. 📡 Online: bit.ly/3Ymwmt1 📍 DC: bit.ly/3YmylNZ

Can sovereign debt restructuring uphold human rights and economic justice? Join @josephestiglitz.bsky.social, Zane Dangor & more for a bold conversation on rethinking the rules. 🔊 Join us online (bit.ly/3Ymwmt1) or in person in DC (bit.ly/3YmylNZ) 📅 Apr 21 | 3–5 PM ET

We welcome the UN's Human Rights Council recent resolution on #ESCRights, which strengthens the link between human rights and fiscal policy 💪 It represents meaningful progress in recognizing tax justice as essential to fulfilling states’ human rights obligations. Our analysis in full ⬇️

💡 30 years after Beijing, are we still settling for symbolic commitments on gender equality? Our latest blog reflects on #CSW69 and calls for binding, financed, intersectional rights frameworks to move forward. Read and share ⤵️

2) A #UNTaxConvention will change the way the international tax system works. Because when tax havens enable companies and very wealthy people to dodge their fair share of tax, people suffer. And that's not inevitable, it's a political choice.

Will #FfD4 in Seville deliver real change—or reinforce the status quo? We analyzed the conference's First Draft and we break down: 🔸 What’s in the draft—and what’s missing 🔸 Why civil society must step up now to push for real change Read in full ⤵️

📣Job Announcement! ICRICT's Comms Advisor! At the independent commission co-chaired by @josephestiglitz.bsky.social & @jayatighosh.bsky.social, we fight for tax justice and hold corporations & the ultra-rich to account. 📩 Deadline April 11, 2025 👉https://www.icrict.com/non-classe/job-announcement/