Following a high-level meeting day ahead of the Finance for Development Conference (FfD4) that started on 30 June, 11 organizations are calling for states to step up their efforts to increase finance for the realization of economic and social rights, and the public services essential to their enjoyment. In particular, States should reaffirm their support for a treaty supporting tax cooperation, and for developing a framework for social spending at the November World Social Summit and at COP30.
As States prepare to adopt the outcome document of FfD4, labeled “Compromiso de Sevilla”, that is disappointing in many respects, in particular because it does not tackle systemic issues related to debt, it has become all the more critical to keep on developing new instruments for funding social development and public services, and to reduce economic inequalities.
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