Statement, October 2021
STATEMENT BY DR. CARLOS CORREA, EXECUTIVE DIRECTOR OF THE SOUTH CENTRE, TO THE MINISTERS AND GOVERNORS MEETING OF THE INTERGOVERNMENTAL GROUP OF TWENTY-FOUR (G24)
The world economy is showing signs of recovery, yet very uneven, and is facing a multitude of challenges including rising inequality within and among countries, vaccine nationalism in the face of raging COVID-19 variants, escalated debt burden for many developing countries, ravages of climate change and weakening multilateralism.
Now, we are at a pivotal moment to mend and fix the global systemic problems so that we can recover better, greener, more inclusively, and more resiliently. It is time to address root causes of the fragility, instability, divergence and asymmetries of the global economy.
This article was tagged: Access to Vaccines, Article 12B, Climate Change, Climate Financing, Common Framework for Debt Treatments beyond the DSSI, COP26, COVID-19, Debt Cancellation, Debt Crisis, Debt Restructuring, Debt Service Relief, Debt Service Suspension Initiative (DSSI), Debt Sustainability, Digital Taxation, Group of Twenty-Four (G-24), HLP on International Financial Accountability Transparency and Integrity for Achieving 2030 Agenda (FACTI Panel), Inequality, International Cooperation, International Monetary Fund (IMF), International Solidarity, Multilateralism, Multinational Enterprises (MNEs), Pandemic, Reform of the International Financial System, Special Drawing Rights, Sustainable Development Goals (SDGs), Tax Avoidance, Technology Transfer, TRIPS Waiver, Two Pillar Solution, UN Model Tax Convention, United Nations Committee of Experts on International Cooperation in Tax Matters (UNTC)