The much-hyped Sustainable Development Goals adopted by the UN summit in New York will not deliver the new economy that the world so desperately needs. Their creators want to reduce poverty and inequality without touching the wealth and power of the global 1%. They fail to understand a basic fact: Mass poverty is the product of extreme wealth accumulation and overconsumption by a few, argues.

The United Nations Environmental Program (UNEP) recently launched the report of its Financial Inquiry into the Design of a Sustainable Financial System (“the Report”), established in early 2014 to explore how to align the financial system with sustainable development, with a focus on environmental aspects.

UNEP’s Financial Inquiry set out to respond three questions: 1) under what circumstances should measures be taken to ensure that the financial system takes fuller account of sustainable development?, 2) what measures have been and might be more widely deployed to better align the financial system with sustainable development? and 3) how can such measures best be deployed?

Given that most of their population lives in rural areas, the rural economies in the Least Developed Countries (LDCs) will need to undergo structural transformation in order to reach the United Nation's Sustainable Development Goals (SDGs), the UN Conference on Trade and Development (UNCTAD) has said.

In its latest Policy Brief (No. 46 of February 2016), UNCTAD has proposed that the LDCs engage in poverty- oriented structural transformation of rural areas, encompassing the upgrading of agriculture, the diversification of rural economic activities and the strengthening of synergies between both.

The Swiss Parliament is discussing corporate tax reform III. In development policy terms, with this reform Switzerland is going from the frying pan into the fire.

For every US dollar a developing country gains, it loses more than two. A wide range of capital transfers help account for the constant drain of financial resources away from developing countries. According to calculations by Eurodad, the European Network on Debt and Development, developing countries lost US$1,583 billion in this way in 2012. That is more than 10 times the US$120 billion that flowed into developing countries in 2012 in the form of official and private development assistance.

Much will depend on the capacity and determination of civil society to leverage the necessary political will opines.

A  rare sense of euphoria permeated the adoption of the 2030 Agenda and the Sustainable Development Goals (SDGs) in New York. The multitude of events that have been taking place on First Avenue and beyond had a party atmosphere. And it was not only government delegates but many civil society activists who negotiated for systemic change that celebrated the new agenda that promises transformative change for sustainable development. Yet will implementation actually bring real change?

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