It is clear that traditional official development assistance will not be enough to finance the SDGs. It will continue to play a key role in the poorest countries and in countries destabilized by strife and conflicts. Alliance Sud is therefore calling for at least half the development budgets of donor countries to go towards the poorest countries. Should development aid budgets remain just as big – or small – as hitherto, greater concentration on the poorest countries would nonetheless create big losers as well. In middle-income countries, current development assistance programmes and projects would have to be abandoned. Total expenditure would need to be increased substantially if this is to be avoided. The old demand for 0.7 per cent of gross national income to be allocated to development aid has therefore lost none of its urgency.

The High Level Task Force for the International Conference on Population and Development (HLTF for ICPD) released a paper called “Policy Considerations for Financing Sexual and Reproductive Health and Rights in the Post-2015 Era”. The document makes the case about the importance of sexual and reproductive health and rights (SRHR) for achieving sustainable development and proposes nine recommendations to mobilize sufficient and predicable financing for SRHR services and policies.

When the World Economic Forum (WEF) met last January in Switzerland, attended mostly by the rich and the super-rich, the London-based charity Oxfam unveiled a report with an alarming statistic: if current trends continue, the world’s richest one percent would own more than 50 percent of the world’s wealth by 2016.

And just 80 of the world’s richest will control as much wealth as 3.5 billion people: half the world’s population.

The post-2015 development agenda will only succeed if the SDGs include meaningful and time-bound targets and commitments for the rich that trigger the necessary regulatory and fiscal policy changes.

At its 14th session, last February, the Human Rights Council Advisory Committee (“the Advisory Committee”) addressed for the first time the impacts of so-called vulture funds on human rights. “Vulture fund” is a generic name used to designate financial entities that use as a profit-making strategy the purchase of distressed debt owed by a sovereign debtor – that is, a State- on the cheap with the purpose of suing for the full amount once conditions for repayment improve.

In a resolution adopted last September, the Human Rights Council entrusted the Human Rights Council Advisory Committee with the preparation of “a research-based report on the activities of vulture funds and the impact on human rights.” In preparation of that report it requested the same Committee to seek views of, among others, national human rights institutions and non-governmental organizations, human rights mechanisms, Member States and relevant international and regional organizations.

The 23-27 March session of the Post-2015 intergovernmental negotiations will focus on the Sustainable Development Goals and Targets. The choice of indicators for the SDGs is a major policy decision with long-term consequences -- nationally and globally. This has sparked ongoing discussion over whether the indicators should be technical or politically negotiated (or a combination).


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