Multilateralism is in crisis, placing profits above welfare. Over the years, the financing conditions imposed by the International Monetary Fund and the World Bank required fiscal austerity, trade liberalization, deregulation, and privatization of the socio-economic sector.
This exacerbates the vulnerability of developing countries to epidemics, social, environmental and economic shocks, and climate change.
The Bretton Woods institutions, the OECD, and the United Nations encourage greater reliance on (irresponsible) private financing to promote development and humanitarian response.
Give life
The Women’s Development Financing Working Group (WWG on FfD)15 now requires a comprehensive and systematic response more than ever, while promoting the democratic transformation of global governance.
A non-colonial global green new deal must subvert the structure of the global South that depletes wealth, resources, and nature to promote the consumption of the richest people, as well as relying on women for unpaid housework and nursing work or paying for the economic labor of marginalized women.
We join the civil society development financing appeal to challenge existing economic, trade and financial dynamics. Under the call of the UN Summit on Economic Reconstruction and Systematic Reform, we hope to work hard to build a new global economic architecture that is beneficial to mankind and the planet16.
We must focus on redistributive justice and environmental integrity.
We are continuing to erode public spending, especially in the important life-giving and manufacturing sectors such as health and education.
Aboriginal
This happens at a time when we should understand why nursing work, adaptive infrastructure, and extensive social protection for all are absolutely crucial.
This includes improving maternal health, children, social and medical care, lifelong education and decent work, and pensions—something that protects everyone throughout our lives.
Only by ensuring this as we go through the decarbonization process can we ensure a justice-centric transition.
The new green deal must include these decolonial and feminist methods.
When we witness attacks on indigenous people’s local communities, and those who face multi-dimensional discrimination due to our geography, poverty, gender and gender identity, sexual orientation, age, indigenous or minority status and disability, national/regional draws , This is especially the case. Or social origin, birth or other status.
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For example, indigenous people now account for less than 5% of the world’s population, but they protect 80% of the planet’s biodiversity.
This means rejecting wrong solutions based on the financialization of development, which rely on private developments that correspond to what is considered a commons.
This also means focusing redistributive justice in our understanding of the purpose of the economy and how it works.
We can do this through progressive taxation, so that those who are able to contribute to the well-being of all people, end subsidies to carbon-intensive industries such as fossil fuels, construction, agro-industry, mining and munitions, and solve Illegal financial flows and commitment to run the economy for the future of mankind and our planet.
alliance
We must grant financial sovereignty to developing countries to determine which social protection laws and regulations are in their interests and make them responsible for implementing these laws and regulations.
We must give fiscal space through debt cancellation and tax justice, and suspend unfair trade and investment agreements—especially in the areas of vaccines, medical and technology, and food systems.
We should also regulate financial institutions and markets.
We believe that it is time to form alliances in social movements to ensure that mankind once again finds the way to justice and well-being for mankind and the planet. Now is the time to take action.
This author
Emilia Reyes works for gender equality in Mexico City: citizenship, work and family work.
