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The finance industry’s demand for new sources of capital worldwide to satisfy investors, is having a serious negative impact on the enjoyment of human rights, a group of UN-appointed independent rights experts have warned.
Poverty and privilege continue to reproduce themselves in vicious cycles, driven by unacceptable levels of inequality. But with political will, we can break these cycles, says UN poverty expert Olivier De Schutter in a new report.
A “toxic cocktail” comprising the COVID-19 pandemic, the climate crisis, and “increasingly severe and protracted” violent conflicts is contributing to the reversal of progress in eliminating hunger, according to the 2021 Global Hunger Index.
The Covid-19 pandemic has led to a “tragic reversal” in development and pushed debt in poor countries to record levels, the head of the World Bank has said.
The head of the UN has called on rich countries to step up efforts to protect workers hit by the Covid-19 pandemic with an additional $1tn injection of funds to avoid a twin-track recovery that widens the gap with the world’s poorest nations.
