Public funds are vitally important to achieving the Sustainable Development Goals (SDGs), making corporate tax avoidance trends a pressing issue for post-2015 Financing for Development discussions.
The Group of 77, the largest single coalition of developing countries, is hitting back at New York City banks that arbitrarily cancelled the accounts of more than 70 overseas diplomatic missions, leaving ambassadors, senior and junior diplomats and non-diplomatic staff without banking facilities.
At the end of this week leaders of the Group of 77 and China will meet in Bolivia to commemorate the 50th
anniversary of the group.
Still a long way off in many parts of the world, climate displacement is already a reality in the Pacific Islands, where rising seas are contaminating fresh water and agricultural land, and rendering some coastal areas uninhabitable.
The 132-member Group of 77, the largest single coalition of developing nations, has urged Secretary-General Ban Ki-moon to provide, "as soon as possible...alternative options for banking services" in New York City following the mass cancellation of bank accounts of U.N. missions and foreign diplomats.
Hundreds of representatives from various NGOs walked out of the negotiating rooms at the United Nations climate talks in Poland on Thursday in protest against the reluctance by developed nations to commit towards achieving a global climate treaty.
Cleopatra is the name chosen for the younger sister of Haiyan, the cyclone that wreaked havoc in the Philippines last week. This latest storm caused massive floods and left 16 dead and hundreds displaced in Sardinia, Italy.
The G77+China group of 133 developing countries negotiating a new international deal at COP19 in Warsaw to combat climate change walked out of the talks in the wee hours of Wednesday morning to protest developed countries’ reluctance to commit to loss and damage.
The U.S. delegation negotiating at the U.N. international climate change conference in Poland is pushing an agenda of minimising the role of “Loss and Damage” in the UNFCCC framework, prioritising private finance in the Green Climate Fund, and delaying the deadline for post-2020 emission reduction commitments, according to a State Department negotiating strategy which IPS has seen.