Financial Centre Association of Vanuatu’s Post

And we are on the road to the 4th International Conference on Financing for Development (#FfD4) in 2025! This week, the Elements Paper of the FfD4 came out. This is the base document that will guide governments negotiations for a renewed financial agenda under auspices of the UN. Earlier this year, I joined the Finance, Integrity and Governance (FIG) Initiative of the UNDP, where we co-create a knowledge space separate from but in support of government's FfD4 negotiations. I am happy to see that the FfD4 Elements Paper incorporates topics that have also been addressed in our two FIG symposia: - 🌐 international tax cooperation; - 🤑 illicit financial flows (IFFs); - 🧑💻 professional "enablers" of tax abuse and IFFs; - 💸 public debt arrangement. The Elements Paper condenses nearly 300 contributions from governments, international financial institutions, civil society, the private sector, academia, and other stakeholders. 🔗 Check out the Elements Paper: https://lnkd.in/gaACK3Xb 🔗 Check out the summary of our 1st FIG Symposium: https://lnkd.in/gWqCjjns

📢New civil society report to be published on 31 October 2024! "Building new foundations: Reimagining the International Financial Architecture - Views and proposals from civil society" 📰Extract from the report already available now: https://lnkd.in/ewqdW2Df 🌍The international financial architecture (#IFA) is in urgent need of #reform. In the words of #UN Secretary-General António Guterres, it is "outdated, dysfunctional and unjust". The main institutions were created 80 years ago in a transatlantic agreement, at a time when many of the world's nation-states of today were still colonies. Moreover, the institutions have failed in their mission to prevent and mitigate crises and to mobilize sufficient financing for internationally agreed development goals. The reform of the international financial architecture is currently a major topic on the United Nations agenda, at major events such as the UN #SummitoftheFuture and the Fourth International Conference on Financing for Development (#FfD4). Parallel discussions are taking place in other fora, such as the #G20 or the governance bodies of The World Bank and the International Monetary Fund. 📝To inform these processes, independent researchers from academia and civil society have written this new research report. In eight chapters, the authors rethink the #FinancialArchitecture and make proposals for new foundations, for fundamental #reforms towards more legitimate and more effective institutions. With contributions from: African Forum and Network on Debt and Development (AFRODAD), Latindadd - Red Latinoamericana por Justicia Económica y Social, PSI - Public Services International, International Trade Union Confederation - ITUC, Centre for Science and Environment, New Delhi, Center for Economic and Social Rights, Tax Justice Network Africa, Afronomicslaw #Debt #DebtJustice #SpecialDrawingRights #AffordableFinance #Tax #TaxCooperation #TaxJustice #ClimateFinace #Climate #FfD #Fin4Dev #FinancialInstitutions #IMF #Healthcare #Ghana #SocialLegitimacy #IMFmeetings #WBGmeetings

The international financial architecture (#IFA) is in urgent need of #reform! In this new report researchers from academia & civil society rethink the #FinancialArchitecture and make proposals for new foundations, for fundamental reforms towards more legitimate and more effective institutions. Out now! Read 8 extracts from the report and the overview chapter: https://lnkd.in/ewqdW2Df #IMFMeetings #WBGMeetings #IMF #WorldBank #InternationalFinancialArchitecture #FfD #FfD4 #Fin4Dev

We are half a year away from the UN's Fourth International Conference on Financing for Development in Spain and our office has been working tirelessly to organize the Second PrepCom happening next week. A key piece of this process is working with co-facilitators representing Mexico, Nepal, Norway, and Zambia to release an elements paper that will serve as the centerpiece for discussions next week: https://lnkd.in/gdjkcQS7 This paper is a result of our team analyzing 300 submissions from across the swath of stakeholders and condensing them into a concise set of promising ideas that can define the next decade of development finance. Read the paper and join us in the debates next week in New York. #FfD4 #fin4dev #SustainableFinance

Truth and Reconciliation Commission's 94 Calls to Action - Canada 🔺 Zero Calls to Action were completed in 2023. 🔺 Eight years since the release of the 94 Calls to Action, 81 Calls remain unfulfilled. 🔻 "In the short time we have been annually observing Canada's record on its supposed progress, we've held the tension of the promise of reconciliation with the actual reality — and are exasperated by the deep chasm between the two and frustrated by the discrepancy between inaction and Canada's fantastical myths of benevolence." 🔻 "In total, 13 of the 94 Calls to Action have been completed since 2015. That is a completion rate of 1.625 Calls to Action per year. If Canada continues at this pace, it will take another 58 years until the Calls to Action are completed, meaning that Indigenous Peoples will have to wait until 2081 for reconciliation." The words of Gerald Taiaiake Alfred resonate as strongly as ever: Excerpt of his new book: It's All about the Land Reconciliation as Recolonization 🔺 "[] people, even non-Indigenous people, were dissatisfied with reconciliation as they had come to understand it: that it seemed hollow and ineffectual given the seriousness of the crimes that had been committed against us. This prompted me to focus on dissecting and deconstructing reconciliation []: to try and convey to people how the Christian roots of reconciliation shape the entire enterprise and, in doing so, not only limit its effectiveness as a pathway towards justice but also in fact, make colonialism an ongoing and entrenched reality for our people." ✅ Purchase and read Gerald Taiaiake Alfred's new book, It's All About the Land. It explains it all. Link in comments. ✅ Download the report Calls to Action Accountability A 2023 Status Update on Reconciliation by Yellowhead Institute.

Very happy about the approval of the Regulatory Reform Program called 'Regulatory Guillotine' which is designed to change the investment climate of Pakistan. Truly appreciate the hard work and efforts put in by Hamed Yaqoob Sheikh, Team Lead ReMIT, Usman Khan, CFA IMC, Investment Lead,ReMIT and Scott Jacobs, MD Jacobs Cordova & Associates, for taking all major stakeholders on board and getting the approval of the Prime Minister for starting this transformational program. This Reform Program is meant to weed out all redundant, irrelevant rules, regulations, licenses and certifications that inconvenience businesses and investors . This is a structural reform with the ultimate objective of changing the lives of the citizens of the country. We would need the support of all stakeholders to ensure its success. #regulatoryreforms #easeofdoingbusiness #sustainabledevelopment

BCAS as an organization has always been pro-active in voicing the opinion of its members and community at large and has been one of the important stakeholders of the policy makers. We are pleased to share the 𝐏𝐫𝐞-𝐁𝐮𝐝𝐠𝐞𝐭 𝐌𝐞𝐦𝐨𝐫𝐚𝐧𝐝𝐮𝐦, 𝟐𝟎𝟐𝟒-𝟐𝟓 presented before the Finance Ministry. The memorandum highlights key concerns affecting the taxpayers and common man and offers suggestions to address such issues. With dynamic changes in economy of the country, the recommendations offered in the memorandum are aligned with the current needs of the citizens, to bring ease of compliances and promote overall growth. Want to read more? Check out the full article here: https://lnkd.in/g_rnenB6 . #BCAS #Prebudget2024 #FinanceMinistry #GOI Chirag Doshi | mandar telang | Zubin Billimoria | CA Kinjal Shah

European Commission - First European Semester Autumn Package under new economic governance framework sets out path for sound public finances and sustainable and inclusive growth: https://lnkd.in/d22RnVEj

Most professionals get an annual performance review. Imagine instead measuring the impact your work is having on your country's economy 🤩 It is nearly $1 billion in impact that Cayman Enterprise City has had since it began, but the impact on society is what most inspired me. Have a read 👇 and discover ways you, too, can help your nation succeed.

Global Public Finance Partnership (GPFP): A wholistic way of providing capacity development, bringing all the elements of fiscal policy and public finances together.