Sandra Martinsone on LinkedIn: Did Development Economics lose its moral compass? (2024)

indeed, sustainable finance is a very euro-centric concept which ignores more systemic problems of sustainability and doesn't use justice as a compass for the kind of finance modalities needed.For this reason I think it's critical that climate finance for global south is grants-based and additional to ODA. As a global North we have to finally learn the true cost and price of our development and 'progress'. https://lnkd.in/eVy-5Hqu

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Indeed. Transition to net zero requires different market with different, transformed behaviours of economic actors. Therefore this is a big time for states to roll up sleeves and act as active shapers and designers of this new kind of market we need through effective regulation and incentives.

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I'm really proud of the manifesto which Bond has published today ahead of the elections where we make clear calls for more equitable and just international finance systems which includes:➡️ locally owned and led ODA strategies, policies and programmes,➡️ UN sovereign debt workout mechanism,➡️ legislating all creditors including private sector to participate in debt relief processes,➡️ a more effective, fully representative and transparent system of MDBs,➡️ a universal UN framework convention on tax,➡️ a fully representative global tax body,➡️ introduction of comprehensive beneficial ownership registries in all countries,➡️ all IFIs ending new investment in coal, oil and gas,➡️ IFIs stop applying economic conditionality to their assistance and stop promoting austerity policies,➡️ providing international climate finance which is new and additional to 0.7% GNI ODA, is grants based and not debt creating, prioritizes UN climate funds and balances mitigation and adaptation.We are also calling for:➡️ a UK trade strategy,➡️ new legislation that mandates companies, the financial sector and the public sector operating in the UK to carry our human rights and environmental due diligence,➡️ reduce UK ODA being used to capitalise BII and reform BII to significantly increase its contribution to poverty reduction and sustainability.you can read full manifesto following the link below.https://lnkd.in/eJpxv6Cp

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Economics 101 of global coffee trade and business. Our international development finance should go beyond just expanding coffee (and cocoa if you wish) plantations to grow more coffee (and create income for rural people) but invest in full scale coffee production, processing, packaging facilities to allow producer countries to take full benefits of its resources and hard work. Extractive, exploitative trade can not ever bring prosperity, peace and justice.

I suppose, many people in my bubble are familiar with this 'realistic - radical' choice on every day basis where what exactly 'realistic' and 'radical' means depends on so many factors including our position, interests ,experience and context. But probably the key difference between the two is our readiness to embrace the change required to live, consume, produce differently and give up on various privileges and luxuries. Kudos to author for sharing this reflection in public.

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do you know what your pension pot is doing to climate?

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applicants from the global south encouraged to apply though roles are unpaid

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