Inequality

Pandemics, wars and recessions do not exempt states from human-rights commitments. They must tax multinationals and the richest more to protect the most vulnerable, writes Magdalena Sepúlveda for Social Europe.

The external debt of the world’s low and middle-income countries at the end of 2021 totalled 9 trillion US dollars, more than double the amount a decade ago. Such debt is expected to increase by an additional 1.1 trillion US dollars in 2023.

The UN General Assembly has adopted by unanimous consensus a resolution that mandates the UN to set course for a global tax leadership role.

At COP27, wealthy governments are pushing for stronger efforts to limit global warming—while failing to deliver the finance and technology promised for climate action in poorer countries.