Publications

In December 2023, the United Nations General Assembly finally gave the mandate to convene the 4th International Conference on Financing for Development (FfD4). In a challenging economic and geopolitical environment, high expectations are placed on the conference. On the one hand, ways and means are to be found to mobilize additional funds in order to at least significantly reduce the enormous financing gaps in development and climate action. On the other hand, FfD4 is also intended to be a milestone [...]

Two high-level conferences for countries in special situations are scheduled for 2024 and Preparatory Committees have begun their discussions at the UNHQ.

This Round Up focuses on central themes explored by the UNGA78 Second Committee (Economic and Financial)’s session on Groups of Countries in Special Situations, including debt distress and vulnerability, concessional funding and climate financing.

Deliberations addressed the follow-up to LDC5 and the lead-up to the 2024 conferences, SIDS4 and LLDC3.

Calls for reforms of the international financial architecture are becoming ever louder. Governments, UN institutions, expert groups and civil society organizations are criticizing the fact that the network of institutions and rules that currently determine global monetary and financial policy and control global financial flows are not up to the current crises. The international financial architecture is “outdated, dysfunctional and unfair”, according to UN Secretary-General António Guterres.

In view of these challenges, the UN Member States made the reform of [...]

From October 23 to 27, 2023, 76 states met at the United Nations (UN) Human Rights Council to negotiate an international human rights treaty to regulate companies and their value chains (also known as the “UN Treaty”). Since the UN Human Rights Council adopted Resolution 26/9 in 2014 and mandated an intergovernmental working group to draft such legally binding instrument, it has met nine times. After a slow start, the process has emerged surprisingly stronger from the ninth round of [...]

The adequate mobilization of climate finance remains one of the greatest challenges of our time. Under the United Nations (UN) climate agreements, rich countries have pledged to support the global South in the fight against climate change and the associated human rights violations through financial transfers. However, the repeated failure to meet the corresponding target of providing US$ 100 billion per year has led to diplomatic tensions and is one of the main reasons for the lack of success in [...]

Private foundations play an increasingly important and influential role in global health; however, this role has been poorly monitored and largely unevaluated, prompting calls for greater accountability. At a minimum level, clear information should be provided about their grant-making activities. We describe the global health granting patterns of three private foundations: the Rockefeller Foundation (RF), the Wellcome Trust (WT), and the Bill and Melinda Gates Foundation (BMGF), using data publicly available on their websites, for the years 2018 – 2020 [...]

National and regional go-it-alone efforts characterized government action against the COVID-19 pandemic. The guidance of the World Health Organization (WHO), as the overarching and coordinating health body, to ensure equitable and efficient distribution of vaccines and other necessary medical products to contain the pandemic was not heeded. Several governments, philanthropic foundations, and the WHO launched the global multi-stakeholder initiative (MSI) Access to COVID-19 Tools Accelerator (ACT-A) at short notice, with participation of pharmaceutical industry and other MSIs, as a key [...]

The World Bank is considered to be the most important multilateral development bank (MDB). Since it was founded in 1944 at the United Nations Monetary and Financial Conference to finance the reconstruction of war-torn Europe, it has reinvented itself several times. The most significant change was the transformation from a reconstruction bank to a development bank. Today, the World Bank finances exclusively in countries of the global South, while continuing to be controlled by the economic powers of the global [...]

The Global Policy Watch Team

Many world leaders during the UN General Assembly High-level General Debate (19 to 26 September 2023) referenced the sorry state of multilateralism and the various alignments and groupings, some to counter the lack of agency and redress power asymmetries across multiple policy streams. In conjunction with the historical responsibilities of developed countries for carbon emissions, many called for reparations for slavery and colonialism, highlighting the historical injustice that continues to disadvantage developing countries. Reform of [...]

The GPW Team in collaboration with students from Julien J. Studley Graduate Programs in International Affairs at The New School

The UN ECOSOC High-level Political Forum on Sustainable Development (HLPF), operating under the auspices of the Economic and Social Council (ECOSOC), has convened regularly since it was established by the 2012 United Nations Conference on Sustainable Development (Rio+20). It is a means for Member States, the UN System and Major Groups and Other Stakeholders to assess progress on the Sustainable [...]