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International civil society debates inequalities at the G20 Finance Track
Non-governmental organizations, engagement groups and civil society presented their points of view and proposals for combating inequality in its different forms. Part of the G20 Social, the meeting debated the global economy agenda proposed by Brasil's Ministry of Finance.
G20 Radio Bulletin 86 - The G20 is currently discussing a joint action plan to reduce global economic inequalities
During the Global Economy Working Group meeting, member countries of the forum unanimously acknowledged the pressing need for effective economic policies. The discussions encompassed critical topics including taxation strategies targeting super-rich individuals and the synchronization of social and economic metrics. Listen to the coverage and learn more.
Brasil is spearheading the climate agenda and endeavoring to promote green finance initiatives
At the parallel event during the G20 in Washington, participants focused on exploring tools and platforms aimed at amplifying the effectiveness of sustainable finance. The panelists deliberated on the significance of national strategies, knowledge-sharing, and risk mitigation tools in financing initiatives for ecological transformation.
Historic cooperation between Brasil and the U.S. on climate change announced at the G20
At an important moment for the global climate agenda, the two countries signed a strategic partnership during the G20 Finance Track ministerial meeting in Rio de Janeiro.
“Light of hope”: European Union Commissioner talks about the urgent need to combat inequalities
The European Commissioner for International Partnerships Jutta Urpilainen discusses the Bloc’s commitments to proposals regarding sustainable development and the support to Brazilian President Luiz Inácio Lula da Silva’s initiative to eradicate hunger and poverty globally.
Disintrusion: a milestone in indigenous territorial defense
The Amazon Rainforest spans nine countries in South America: Brazil, Bolivia, Peru, Colombia, Venezuela, Suriname, Guyana, French Guiana, and Ecuador. Brazil harbors 60% of the rainforest. In 2023, deforestation in the Brazilian rainforest dropped 22% when compared to 2022, as a result of supervision and control measures. One of them goes by a name that is still relatively unknown: the disintrusion of Indigenous Lands. Preservation of forests as part of the fight against climate change is one of the priorities of the Brazilian presidency of the G20.
“Pandemics have no borders”: global debate on how to improve economic resilience to sanitary crises is essential
During the side event “Simulation Exercise for Economic Resilience to Pandemics”, part of the IMF Spring Meetings taking place in Washington, D.C., in the United States, Ambassador Tatiana Rosito, the G20 Finance Track coordinator, cautioned that the crisis brought on by the Covid-19 pandemic has highlighted the need for a reassessment of global paradigms regarding joint resilience capacity, aimed at preserving the finances of nations and their populations.
Taxing the super-rich: at the G20, Gabriel Zucman advocates for international standards for tax justice
In an exclusive interview, French Economist and Brazilian proposal influencer deliberates the crucial role of a 2% billionaire wealth tax in tackling global inequalities, bolstering public services, and cultivating a fairer, sustainable economy.
According to expert, Africa is facing challenges as a result of the global financial crisis
Olivier Pognon is the president of an organization dedicated to strengthening African countries' capacity to deal with foreign debt. During the G20 debate in the Brazilian city of Fortaleza, the Beninese lawyer emphasized the need for reform of global financial architecture, an idea that is aligned with the Brazilian presidency's priorities.
G20 advances consensus on reforming Multilateral Development Banks and broadening discussions on foreign debt
In Fortaleza, the G20 agreed to include debtor countries in discussions on foreign debt and to reform the Multilateral Development Banks (MDBs) to enhance investment capacity in Global South countries. Brazilian proposals on exchanging debts for investments and including debt suspension clauses for extreme weather events were also discussed.
International civil society discusses green funds and just transition with the Finance Track
Debates focused on actions to promote a just transition and on the importance of environment and climate funds in this process. Virtual event was coordinated by the Sustainable Finance Working Group with participation of international civil society.
Working Group will discuss adapting infrastructure to climate change and poverty reduction
The 3rd meeting of the Infrastructure Working Group begins on Wednesday (26th) in Foz do Iguaçu, in the Brazilian state of Paraná. The agenda will address the resilience of infrastructure to climate change and its role in poverty mitigation in addition to risk reduction in financing and resource mobilization for cross-border projects.
An unprecedented meeting: Sherpa and Finance Tracks meet with Task Forces to conclude proposals for G20 Leaders’ Summit
Meeting of Task Forces proposed by Brasil’s G20 presidency with the forum's Sherpa and Finance tracks highlighted priorities such as reducing inequalities and combating climate change. The event reiterated Brasil's role as a leader in global initiatives and demonstrated the evolving integration of the two tracks since the first formal meeting in Brasilia in December 2023.
Press accreditation open for the meeting of the G20 Task Force to Establish a Global Alliance against Hunger and Poverty
The meeting will take place on July 24 in Rio de Janeiro and is expected to formalize the constitutive documents of the Global Alliance against Hunger and Poverty
Brasil is to invest R$27 billion in ecological transition with international support
Partnership between the Brazilian government, the World Bank and the IDB aims to promote a green economy and attract foreign investment. International cooperation seeks to strengthen climate finance and create a favorable environment for sustainable investments in the country.
Economist Gabriel Zucman proposes that billionaires pay at least 2% in annual taxes on their fortunes
During a press conference this Thursday (29), Economist Gabriel Zucman, serving as Minister Fernando Haddad's special guest in the G20 debate on the taxation of large fortunes, advocated for the necessity of a globally coordinated minimum tax on substantial fortunes, set at a minimum of 2% annually.
“Brazilian proposal at the G20 of taxing very wealthy individuals is absolutely necessary”, states North American millionaire Morris Pearl
According to Pearl, the rich are getting richer while the working class is losing hope due to ever-growing inequality. This disparity has reached a point where billionaires possess as much wealth as the total income of some countries, while millions of people around the globe face starvation.
Development Banks financed 125 billion dollars in climate actions in 2023
With investments worldwide, MDBs have doubled the amount of resources for climate change adaptation and mitigation actions. Almost 60% of the funds were allocated to small and middle-income countries. Expanding funding to tackle these global challenges is on the agenda of G20 Brasil.
Chilean President is willing to join the Global Alliance against Hunger and Poverty
In an official visit to Chile, President Lula invited President Gabriel Boric to participate in the G20 Summit in November in Rio de Janeiro and heard from him the willingness to join the Global Alliance against Hunger and Poverty, the main Brazilian initiative ahead of the G20 presidency.
States of the Future: Global experts convene in Rio to debate public policies and human rights
At the States of the Future event, held concurrently with the G20, experts called for integrated public policies and effective affirmative actions to promote sustainable development. They analyzed the roles of the state, social protection, and global governance in achieving these goals.
Registration for meeting of Finance Ministers and Central Bank Presidents started on June 27
Registration period expires on July 8. Attendance is exclusive for accredited journalists and press professionals from national and foreign media outlets.
In Belém, consensus expected on expanding access to funding for ecological transition
G20 Brasil hopes for consensus on funding for the ecological transition and substantive solutions to keep the forest and its people in balance with sustainable development. Host of COP 30, the capital of Pará is already implementing resilient infrastructure policies against the effects of the climate crisis
A joint and ongoing journey: the creation of the Global Alliance against Hunger and Poverty
The G20 ministerial meeting, scheduled for July 24 in Rio de Janeiro, marks a key stage in constructing the Global Alliance against Hunger and Poverty. The meeting should formalize the initiative's constitutive documents and thus enable interested countries to join.
G20 Sustainable Finance Working Group reaches consensus: “Brasil meets 100% of its goals during the group's presidency”
All the objectives proposed by the Brazilian presidency were achieved at a technical meeting of the group held in Rio de Janeiro. Facilitating access to funding for climate finance and the adoption of principles for a just transition that proposes social justice were among the highlights.
G20 in Manaus: international indigenous peoples and traditional communities as part of the bioeconomy agenda
From the perspective of socio-bioeconomics, a concept that uses the prefix 'socio' to highlight the way in which the peoples of the waters, forests and countryside work, on Tuesday (18) delegates from the Initiative exchanged experiences and discussed future actions. Australia and Canada presented national actions.