Inputs to the Outcome Document

This policy brief describes the evolving landscape of the global aid architecture and the critical role of multilateral banks, like IDA, in promoting a more equitable and more effective distribution of resources. It analyzes the need for a rebalancing in the allocation of aid to ensure greater effectiveness and impact. The brief highlights the importance of better funding MDBs, strengthening country ownership, improved collaboration among donors, transparency, and accountability in achieving sustainable development goals.

Keeping Global Financing Promises: Advancing Development, Human Rights, and International Cooperation

This policy brief advocates for a human rights enhancing approach to financing for sustainable development, emphasizing environmental action that prioritizes vulnerable communities. It calls for mobilizing resources to address historical inequities, ensuring meaningful participation in financing decisions, and implementing safeguards to prevent human rights violations. It recommends reshaping international financial architecture to prioritize concessional financing for those most affected by environmental harm and establishing mechanisms for direct and equitable access to climate finance.

This policy brief argues that the international financial architecture requires a radical transformation to resume progress and advance on human rights, including the right to development, climate action and the commitments outlined in the 2030 Agenda on Sustainable Development. There is a need for a multilateral legal framework on sovereign debt, grounded in international human rights principles and standards, where all creditors, including private creditors participate on an equal footing to ensure a fair and effective resolution of debt crisis.