Social Watch E-Newsletter - Issue 284 - December 16, 2016

Issue 284 - December 16, 2016
   
 

Diluting the goals by redefining the measuring

   
 

The "refinement" of the SDG indicators by experts can dilute the goals agreed by the governments, said civil society representatives as preparations advance to the 48th session of the UN Statistical Commission in March 2017. For example, under target 10.5, to improve the regulation and monitoring of global financial markets, the proposed indicator #10.5.1: “Adoption of global financial transaction tax (Tobin tax)” was changed to “Financial Soundness Indicators”, developed by the IMF. Read more

 

   
   
 

SDG Indicators: The view of trade unions

   
 

Trade unions representatives at the United Nations consider it "positive" that "the indicators can still be improved" but warn that in not totally transparent processes, the targets can be distorted in the choice of indicators. 
Monitoring of the SDGs is to begin in 2017, and the Inter Agency Expert Group (IAEG-SDG) held its fourth meeting at the United Nations Grounds in Geneva on 17-18 November. The discussion was not conslusive. Trade unions analyse what is at stake. Read more

 

   
   
 

Global real wage growth has decelerated since 2012, falling from 2.5 per cent to 1.7 per cent in 2015, its lowest level in four years, the International Labour Organisation (ILO) has said.
In its latest Global Wage Report 2016/17, the ILO said if China, where wage growth was faster than elsewhere, is not included, real wage growth has fallen from 1.6 per cent in 2012 to 0.9 per cent in 2015.
"The United Nations 2030 Agenda for Sustainable Development identified decent work for all women and men, and lower inequality, as among the key objectives of a new universal policy agenda. The issues of wage growth and wage inequality are central to this agenda," said ILO Director-General Guy Ryder, in a preface to the report. Read more

   
   
 

Last International Human Rights Day, December 10th, marked the 4th anniversary of the launch of the RightingFinance (RF) website.
Human rights is one of the areas of public interest where the disconnect with the representation in financial regulation becomes most evident. The choices on global and domestic financial regulation carry critical consequences for the ability of governments to comply with their human rights obligations. For an extreme and recent illustration of this one needs only examine the impacts of the 2008-09 global financial crisis. It prompted the Office of the High Commissioner for Human Rights to state that “As a result of the crisis and the threat posed to national economies by the potential collapse of systemically important financial institutions, . . . the ability of individuals to exercise their human rights, and that of States to fulfil their obligations to protect those rights, has been diminished.” Read more

 
   
   
 

Check out new web feature
"Global Policy Watch Notice Board" for updates on current affairs of the United Nations in New York

   
 

Due to season festivities and summer holidays (we are based in Montevideo, Uruguay), the next Social Watch newsletter will be published mid-January. Peace and rights be with you all.

   
 
SOCIAL WATCH IS AN INTERNATIONAL NGO WATCHDOG NETWORK MONITORING POVERTY ERADICATION AND GENDER EQUALITY
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