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“Public Development Banks must prioritize people and the planet, not profit.” This was the resounding message from ESCR-Net members, who joined over 400 organizations worldwide in urging Public Development Banks (PDBs) to take meaningful steps toward just and sustainable development in line with human rights obligations.

The UN General Assembly is expected to approve the terms of reference for negotiation of a Framework Convention on International Tax Cooperation (UNFCITC) in November. This will be the latest milestone in an historic initiative to shift global standard setting on tax cooperation from the Organisation for Economic Cooperation and Development (OECD), which only represents the interests of the 38 most industrialized nations, to the UN, where all countries have a voice.