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2024: A world on fire in need of multilateral action

Last year was the hottest on record, and experts are warning that the first half of 2024 could be even hotter. It is countries in the global south that are experiencing the harshest consequences of a rapidly warming planet. These are the communities that are also dealing with the fallout from a worsening global economic situation.

In this blog, our director, Jean Saldanha, shares her outlook on the challenges the world faces in 2024, key events and possible solutions. 

Read the outlook here. 

Reports

More SDRs for Latin America and the Caribbean: An Effective Tool in an Era of Multiple Crises

by Red Latinoamericana por Justicia Económica y Social (Latindadd) and Center for Economic and Policy Research (CEPR)

The current context, marked by the climate crisis, more poverty, economic stagnation, and rising external debt burdens, calls for a strong, coordinated, and global response by the international community. Therefore, new issuance of Special Drawing Rights is a necessary measure to provide the financial support that countries in the global south require for the adaptation and mitigation of climate change, as well as for the accomplishment of the Sustainable Development Goals (SDGs) and the Agenda 2030.

Read the report here.

The legal foundations of the African public debt

by African Forum and Network on Debt and Development (AFRODAD)

Public debt in African economies has become a subject of critical examination as nations grapple with the challenges and opportunities it presents. This research paper embarks on a comprehensive exploration of the complexities surrounding public debt in Africa, aiming to shed light on its historical roots, legal foundations, theoretical dimensions, creation processes, rights and liabilities, and transparency mechanisms.

Read the report here.

Inequality Inc. How corporate power divides our world and the need for a new era of public action

by Oxfam International

Since 2020, the richest five men in the world have doubled their fortunes. During the same period, almost five billion people globally have become poorer. Hardship and hunger are a daily reality for many people worldwide. At current rates, it will take 230 years to end poverty, but we could have our first trillionaire in a decade.

Read the report here.

Achieving gender equality and women’s rights through public services and social protection

by Gender and Development Network

This briefing argues that publicly funded and managed public services and social protection are central to achieving gender equality and women’s rights. Drawing on research conducted by global south organisations in Brazil, India and Zambia, alongside other examples, it underscores the cost-effectiveness, sustainability, and equity of publicly financed services.

Read the report here.

Useful resources

Recording: Cycle of webinars on Fair Financing 2023

by Latindadd

This initiative is part of a cycle of webinars on FAIR FINANCING, convened by LATINDADD in alliance with other organizations and which took place between August and November 2023, a period in which a series of international forums and events were held, in which issues related to development and climate financing were discussed and where civil society had an important role in proposing the necessary systemic changes towards a new financial architecture.

Watch the recordings here.

This newsletter has been produced with co-funding from the European Union, Bread for the World and Norad. The contents of this publication are the sole responsibility of Eurodad and can under no circumstances be regarded as reflecting the position of the funders.