Topic: Finance and debt
World Health Organisation’s annual budget is the ‘equivalent to global military expenditure every 8 hours’
News / 21st May 2025The Director-General of the WHO drew a sharp contrast between its budget and global spending priorities: US$ 2.1 billion is the equivalent of global military expenditure every eight hours.
Despite Pope Francis’s wishes, there’s little appetite for richer nations to help the poorest
Blog / 28th April 2025Trump’s tariffs will make it tougher for emerging economies to service loans but debt relief has fallen off the political agenda, writes Heather Stewart.
Services to millions of people collapse as USAID cuts contracts worldwide
News / 27th March 2025U.S.-funded projects worldwide, including those providing lifesaving care for millions of people, have received termination notices sending shockwaves across the global aid community.
A landmark recognition of tax and human rights
Blog / 3rd March 2025The Committee on Economic, Social and Cultural Rights has just issued a much-awaited and historic statement: for the first time, it explicitly recognises that states must tackle inequality and guarantee rights through fair tax policies.
2025: The year we cancel debt and choose hope
Blog / 28th January 2025This year, campaigners and activists from all over the world are coming together in the biggest global movement for debt cancellation in twenty-five years, writes Wiz Baines.
Developing countries are being choked by debt: This could be the year of breaking free
Blog / 10th January 2025The resolution of the debt crisis needs a determined and organized mass movement of people—and the movement is rising. Debt distress need not be destiny, writes Ben Phillips.
Global tax on billionaires becomes possibility as Brazil's president cements G20 agreement
News / 20th November 2024A landmark call for billionaires to be taxed at a minimum rate has been agreed to in principle at the G20 summit, as all countries present endorsed the measure.
World losing half a trillion to tax abuse, largely due to 8 countries blocking UN tax reform
Report / 19th November 2024Countries are losing US$492 billion in tax a year to multinational corporations and wealthy individuals using tax havens to underpay tax, the Tax Justice Network’s annual State of Tax Justice shows.
New report calls out damage from Global North’s refusal to do their fair share and pay up on climate finance
Report / 15th November 2024The latest Civil Society Equity Review outlines the profound damage being done by the developed countries’ refusal to do their fair share, especially on climate finance.
International financial system ‘not fit for purpose’ to address catastrophic debt crisis: UN poverty expert
News / 21st October 2024The international financial system is failing to address the catastrophic debt crisis that is engulfing developing countries and causing misery for hundreds of millions of people, according to the UN’s poverty expert.