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EU leadership needs to embed human rights into economic policy-making

Mark Perera

04 Apr 2019 10:20:46

In a valuable step forward to support human rights compliant economic policy-making, the UN Human Rights Council (HRC) called on 21 March for governments and intergovernmental organisations to make use of new UN guidance when developing economic reforms. EU states on the HRC boldly exercised their votes to oppose these calls, in a move that stands in direct contrast to EU commitments from only two years ago to adopt a rights-based approach to development, and support countries in building resilience to prepare for and respond to economic shocks without compromising long-term development prospects. New UN guiding principles add to the debt management toolbox The HRC resolution on the effects of foreign debt on the enjoyment of human rights highlights new UN Guiding Principles on human rights ...
At its upcoming session on 20 September, the UN Human Rights Council will discuss a new report, coordinated by Jean Zielger, on the harmful activities of vulture funds and their impact on human rights. This report shows how vulture funds negatively impact ...

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Experts warn human rights watchdog on rising activity by vulture funds

Eurodad

26 Mar 2015 11:11:22

By Aldo Caliari, Center of Concern At its 14th session, last February, the Human Rights Council Advisory Committee (“the Advisory Committee”) addressed for the first time the impacts of so-called vulture funds on human rights. “Vulture fund” is a generic name used to designate financial entities that use as a profit-making strategy the purchase of distressed debt owed by a sovereign debtor – that is, a State- on the cheap with the purpose of suing for the full amount once conditions for repayment improve. In a resolution adopted last September, the Human Rights Council entrusted the Human Rights Council Advisory Committee with the preparation of “a research-based report on the activities of vulture funds and the impact on human rights.” In preparation of that report it requested ...

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World Bank ‘s investment ratings still at odds with human rights and poverty reduction

Eurodad

28 May 2014 14:51:13

This article is a reproduction from www.rightingfinance.org By Sharan Burrow Every year the World Bank issues its Doing Business Report, which contains a ranking of each country’s business environment. In 2012, the President of the World Bank, Dr. Jim Yong Kim, appointed an Independent Panel of experts to review the report. The panel, chaired by South Africa’s Minister of Planning Mr. Trevor Manuel, appeared to be an opportunity to change the report for the better. The Panel, indeed, came up with substantive recommendations for an overhaul of the Doing Business. But most of them have been ignored. Those who understand the power of this report and its associated rankings to drive governments and give them the cover to put the interest of private companies ahead of the rights of working people ...