Source: Amnesty International
With countries in danger of failing to meet their Sustainable Development Goals targets – and their human rights obligations – leaders attending the Financing for Development Conference must act fast to avert climate catastrophe and guarantee the human rights of billions of people currently being denied socio-economic justice, said Amnesty International.
The 4th International Conference for Financing for Development will take place from 30 June to 3 July in Seville, Spain. It provides a unique opportunity to reform development financing at all levels and address financing challenges preventing the urgently needed investment push to achieve the Sustainable Development Goals (SDGs) by 2030. The SDGs were put in place 10 years ago to guarantee peace and prosperity for people and the planet, now and in the future.
“Years of underinvestment by all states mean the majority of the Sustainable Development Goals are way off track from their 2030 target. This conference must confront the immediate crisis linked to the cutting of international assistance by major donors, whilst committing to structural reforms that could provide sustainable sources of financing for the longer term – from advancing international tax cooperation and addressing the debt crisis, to reforming international financial institutions and promoting more inclusive systems of financing and development,” said Riva Jalipa, Amnesty International’s Financing for Rights Lead Adviser.
“A series of robust measures must be put in place if the SDGs are to become a reality. The US and other governments must reverse cuts to aid budgets. Wealthy states must support the UN tax treaty process whilst providing debt relief for countries in or at risk of debt distress including cancellation where appropriate. Fossil fuels subsidies must be redirected towards investment in clean energy and leaders must commit to a full, fast, fair and funded fossil fuel phase out across all sectors and invest adequately in a just and equitable transition. Adopting these measures will go a long way to rescuing the SDGs and ensure social, economic and climate justice for millions across the world.”
Amnesty International will also be co-hosting a Virtual Side Event at the Financing for Development Conference, Seville: Reparative Justice in Financing for Development. The session will focus on development financing and reparative justice as a means through which a human rights-based economy which redresses both existing and historical injustices can not only be conceptualized but also practically actioned. Register to attend via Zoom.
Background
The Sustainable Development Goals (SDGs) were put in place 10 years ago to guarantee peace and prosperity for people and the planet, now and in the future. The 17 goals aimed to address global challenges, including poverty, inequality, climate change, environmental degradation, peace, and justice – to ensure no one was left behind. However, years of underinvestment by all states mean over 80% of the Sustainable Development Goals (SDGs)’ targets are off track due to underinvestment by all states.
