•
Guaranteeing the right to health, food, sanitation, social security, and an adequate standard of living;
supporting the democratic and participatory development of comprehensive, accessible and accountable
universal social protection systems; and refraining from promoting their privatization.
•
Investing in high-quality sustainable public infrastructure in poor communities, including housing,
healthcare, sanitation, water, food systems, and electricity.
•
Ending the imposition of harmful conditionalities which undermine democratic processes and human rights,
including regressive tax policies and austerity measures.
•
Rebuilding the capacity of states to guarantee human rights and raise public revenue by addressing illicit
financial flows and corporate tax dodging and loopholes.
•
Establishing a sovereign debt workout mechanism and transforming global financial and debt architecture in
adherence to UN principles.
•
Supporting the development of global funds to provide grant-based financing for emergency response and
comprehensive social protection.42
Going forward, the global community must work to transform the international financial and development
architecture, including by ensuring that the institutions providing crisis and development responses and financing:
»
Are democratic and accountable.
»
Embrace a human rights-based approach.
»
Prioritize grant or concessional financing.
»
Avoid harmful conditionality that undermines human rights and democratic processes.
42 For discussion of social protection funds, see “Call for Reactions: Proposal for a Global Fund for Social Protection”, issued by Olivier De
Schutter, Special Rapporteur on extreme poverty and human rights, December 15, 2020, https://www.ohchr.org/EN/Issues/Poverty/Pages/
global-fund-social-protection.aspx; “Policy Brief: A Global Fund for Social Protection to promote policy and fiscal space to make the right to social
protection a reality for all“, Global Coalition for Social Protection Floors, October 2021, http://www.socialprotectionfloorscoalition.org/2021/10/
policy-brief-a-global-fund-for-social-protection-to-promote-policy-and-fiscal-space-to-make-the-right-to-social-protection-a-reality-for-all/
WHERE DID INTERNATIONAL FINANCIAL INSTITUTIONS’ COVID-19 FUNDING GO?
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