Social Watch news

The 48 least developed countries (LDCs), described as the poorest of the world’s poor, want to be an integral part of the U.N.’s post-2015 development agenda currently under discussion.

An Open-ended Working Group (OWG), which will continue its 13th round of negotiations next week, is expected to come up with a set of new Sustainable Development Goals (SDGs) to replace the eight Millennium Development Goals (MDGs) which reach their deadline by the end of next year.

"The neo-liberal policies that have failed LDCs will continue to drive the agenda." -- Demba Dembele

Last week, human rights advocates had a reason to celebrate, as the United Nations Human Rights Council, meeting in Geneva, decided on June 26, 2014 to establish an open-ended intergovernmental working group whose mandate is to elaborate a legally binding instrument on transnational corporations and other business enterprises with respect to human rights.

Not only is the resolution a big achievement in itself. It is also a powerful message of hope to all those in the trenches of facing human rights abuses as a result of the unchecked growth of borderless corporate influence. It proves that people organized across borders, and their political action, still can make a difference. The resolution was achieved against big odds, and even as companies exerted pressure to knock it down, directly and through their influence on important governments. In fact, many governments did not withstand the pressure and voted against, such as the case of United States and many European countries in the Council, while others preferred to abstain.

2015 marks both the target date for the achievement of the Millennium Development Goals (MDGs) and the 20-year review of the Beijing Platform for Action (BPfA). As governments discuss progress made on the MDGs and the BPfA and make commitments on international development and women’s rights for the coming decades, what kinds of financial and fiscal policies are needed to achieve human rights, sustainable development, and gender equality in the post-2015 global development agenda?

“The need of a multilateral dept dispute resolution mechanism was highlighted by the financial crisis of 2008 and the debt crises that it unleashed in several European countries. It is dramatically emphasized in these days by the tragic fact that a country like Argentina that is fighting hard to lift its people out of poverty, reconstruct the national economy destroyed by two decades of neoliberalism and recover the trust of the international financial markets is being attacked by unethical “vulture funds” and might be even forced into default by a resolution over its sovereign debt taken by the justice system of another country. This does not only threatens to submerge millions of Argentinians back into poverty but might even put into risk the whole international financial system” said Roberto Bissio, on behalf of Social Watch, during the Special Session of Trade and Development Board organized by UNCTAD Geneva, 17 June 2014.