Statement to G20 Leaders

CIVICUS is joining fellow civil society organisations to urge G20 leaders to put human rights norms and principles at the centre of their decision-making on financial regulation and climate change during their upcoming Summit in Cannes, France.

We invite you to consider adding your name to this call by endorsing the statement below.  To endorse as an organisation, please send the name of your organisation, the country, and the name and email address of a contact person to as soon as possible, but no later than 31 October 2011.

CIVICUS along with the Center for Economic and Social Rights, the Center of Concern, Development Alternatives with Women for a New Era (DAWN), IBASE and Social Watch have already joined this appeal.


We are writing to the Group of 20 Leaders, in advance of their upcoming Summit in Cannes, to remind them that even in the policies of a most eminently economic nature, their duties to respect, protect and fulfill the economic, social, cultural, civil and political human rights, including the right to development, do not cease, but should take primacy in every commitment they undertake.

In particular, we are demanding action on the following issues on the agenda of the G20:
  • Endorsement of worldwide stimuli measures according to human rights principles;
  • Reforms to prevent speculative activity in financial markets from undermining the enjoyment of human rights;
  • Action to limit the damage to public funding of financial institutions that collapse due to excessive risk-taking
  • Regulations of bank capital requirements consistent with human rights standards;
  • Agreement to increase the relative fiscal pressure on the banking sector and to cooperate to increase transparency and mutual accountability in revenue mobilization;
  • An agreement to drastically reduce greenhouse emissions which contribute to climate change.

Background 

More than three years after the beginning of the global financial crisis the world economy faces an uncertain situation. The continuing economic malaise calls into question the real extent of the recovery so highly celebrated last year.

At the same time, the world was at no point close to a “recovery” from the human rights toll of the financial crisis. Poverty and inequality have increased, and economic growth, where it did take place, has been largely jobless, wageless and unevenly distributed to the wealthiest sectors of society. As the world braces for what seems like another coming economic recession, countries and households barely able to cope last recession are now in an even worse situation, with negative consequences for fundamental human rights in rich and poor countries alike.

G20 Leaders’ duties to place human rights norms at the center of their financial policies and regulations cannot be exhausted with a merely rhetorical recognition (however much such recognition would be an improvement over current practice). States’ human rights obligations embedded in the International Bill of Rights require that governments carefully assess their respective choices and courses of action against the human rights consequences in transparent, participatory, non-discriminatory and accountable ways. Only an enduring commitment to respect, protect and fulfill legally-binding human rights obligations enshrined in the Universal Declaration of Human Rights and core international human rights treaties can provide the basis for reforms to ensure a more sustainable, resilient and just global economy. 

Large-scale deprivations of human rights stemming from the financial and economic crises are not inevitable, natural phenomena.  The G20 agenda in Cannes in fact provides several actionable opportunities for governments—individually and in concert with one another—to choose alternative, human rights-centered paths to a sustainable economic recovery.

STIMULUS MEASURES: First, the seriousness of the problems threatening the world economy today warrant a cohesive and coordinated response from Group of 20 countries to stimulate their economies. The premature move towards austerity and the consequent reductions in aggregate demand have been the main reasons why the world is falling back into an economic crisis. Austerity policies threaten to continue to deprive people of access to finance, jobs, and services, while their governments for the most part refuse to establish fair systems for the private sector to share the burden of public debt restructurings.

We call on the G20 to implement economic stimulus measures within a human rights framework. Human rights standards and principles provide a framework for the design and implementation of stimuli measures which are participatory, transparent, accountable and non-discriminatory. We are not in favor of blind stimuli measures, especially those that would place new strains on public budgets to benefit private risk-taking. Gender- and environmentally-sensitive public infrastructure programs, transformational universal social protection systems and household debt restructuring that restores spending power, as well as measures to increase disposable income of the poorest, are among the measures that should be undertaken to ensure any recovery benefits those most in need. 

SPECULATION IN FINANCIAL MARKETS: Second, in spite of the continued surges in speculative activity in financial markets, there is still limited progress in the regulation of commodity derivatives trading. Near 60 studies have been produced showing that speculation in commodity derivatives is either a good part or the main reason behind the spikes in food and energy prices that have increased hunger and malnutrition.

The Group of 20 should commit to the immediate implementation of reforms to bring Over–the- Counter derivatives to public exchanges, and establish meaningful position limits on derivatives in exchanges under their jurisdiction. The setting of circuit-breakers, compulsory delivery or banning of certain types of derivatives trading, in accordance with human rights standards and principles, should be given explicit individual and collective support.

LARGE AND COMPLEX FINANCIAL INSTITUTIONS: Third, regrettably, there is no guarantee that companies that took undue risks will not again have to be bailed out with public funding. Large and complex financial firms, some of them operating in dozens of jurisdictions, have successfully resisted calls to reduce their complexity or size. They are able to profit from the tax and regulatory arbitrage that such position makes possible, while their complexity and size limits the chances that they can be successfully resolved without disrupting vital banking activities in the event of a collapse.

The Group of 20 should undertake measures to reduce the size and complexity of systemically important financial institutions, including through direct regulatory intervention to break up large firms. Strict separation between traditional banking activities such as deposit –taking and credit provision to households and small companies and proprietary trading should be enforced. Cross-border banking resolution agreements should be pursued. Yet, given the presumably long time it will take to develop them, it is urgent to ensure banks are incorporated and separately capitalized in every jurisdiction where they operate.

BANK CAPITAL REQUIREMENTS: Fourth, the reforms to the Basel Agreement on capital requirements amount to too little and are too slow in implementation. Above all, they amount to more of the same–a reliance on a bank capital regulation model that banks have proven they can manipulate to hide the true extent of their risks. Financial companies that have produced record profits in the last decade and that claim to operate on a highly efficient basis due to their large size have no justification for their persistent complaint that they will reduce credit if such capital requirements are implemented.

Governments in the long term should lend support to replacing Basel requirements with a framework for banking regulation that fully recognizes the duty of States to prevent and protect against and provide effective remedy for human rights infringements by private actors, including the financial sector. In the short to medium term, governments must be fully empowered to consider regulations of banking services as one essential tool to enhance enjoyment of human rights for all, including by taking proactive steps to ensure substantive equality in financial regulatory policies to protect the poor and disadvantaged and allow for where necessary the direct engagement of the State in the provision of banking services.

FINANCIAL SECTOR TAXATION: Fifth, governments’ obligations to take steps “to the maximum of their available resources” to fulfill their economic and social rights responsibilities cannot be upheld without a thorough evaluation of the contribution that the financial sector makes to public budgets through taxation. In general, the liberalization of capital of the last two to three decades has meant more indirect and regressive taxes, disproportionately raising fiscal pressure on poorer and middle-income households.

The G20 should take measures which ensure their financial sectors pay their fair share. Governments should commit to transparent, participatory and accountable taxation systems that introduce greater progressivity overall, and increase in particular the relative weight of fiscal pressure on the banking sector. Specifically, we demand G20 members to agree on the implementation of financial transaction taxes and to express a clear commitment to use this newly-generated revenue to fulfill their human rights obligations–at home and abroad. We further call on governments to take decisive steps to cooperate internationally in order to ensure transparency and mutual accountability in domestic revenue mobilization, putting an end to actions or omissions which prevent governments from raising the resources needed to fulfill their human rights obligations.

CLIMATE CHANGE: Lastly, the absence of serious commitments from G20 governments to reduce greenhouse gas emissions and adopt greener technologies is fast becoming a huge human rights issue. Emissions continue to trigger weather-related natural disasters, subjecting vulnerable and marginalised communities to increased risk as well as threatening the earth’s fragile biodiversity.

As the world’s largest economies and emitters of greenhouse gas emissions which are imperiling the planet, it is imperative that G20 governments take the lead in arriving at consensus solutions to drastically reduce greenhouse gas emissions at the 17th Conference of the Parties of the UN Framework Convention on Climate Change at Durban in November-December 2011. A fair, ambitious and binding treaty on addressing climate change is the planet’s last hope which needs to be supported by G20 governments.

Accion Campesina –Mexico

ACCION-Asociacion Chilena de ONGs –Chile

Action Internationale pour la Paix et le Développement dans la Région des Grands Lacs

ActionAid International

Africa Development Interchange Network (ADIN)

African Women Economic Policy Network (AWEPON)

African Women's Development and Communication Network (FEMNET)

Alliance Sud –Switzerland

Alola Foundation- East Timor

APDR –India

Arab NGO Network for Development

Articulacion Feminista Mercosur- America Latina

Asociación Latinoamericana de Organizaciones de Promoción al Desarrollo (ALOP), A.C.

Asociación Mexicana de Mujeres Líderes Miroempresarias, AC - Mexico

Asociación Nacional de Centro de Investigación, Promoción y Desarrollo –Peru

Asociación para el Desarrollo de los Pueblos -Nicaragua

Asociación Salvadoreña para la Formación y Capacitación Integral Sostenible (ASAFOCAIS)

Associação para a Cooperação Entre os Povos (ACEP)  -Portugal

ATTAC Hungary, Budapest- Hungary

Austin Tan Cerca de la Frontera –USA

Base Educación, Comunicación, Tecnología Alternativa  (Base ECTA) –Paraguay

Bi'alli. AC - Mexico

Bread for All –Switzerland

Canadian Council for International Cooperation

Canadian Feminist Alliance for International Action (FAFIA)

CARDET –Cyprus

CASM –Honduras

Center for Economic and Social Rights (CESR)

Center for Participatory Research and Development (CPRD) – Bangladesh

Center for the Development of Civil Society –Armenia

Center for Women's Global Leadership (CWGL) –USA

Center of Concern -USA

Centre for Civil Society Economic Justice Project –South Africa

Centre for Social and Corporate Responsibility –Nigeria

Centre for Youth and Social Development –India

Centro de Derechos Humanos Miguel Agustín Pro Juárez –México

Centro de Derechos y Desarrollo (CEDAL) –Peru

Centro de Estudios de la Mujer -Honduras

Centro de Estudios Sociales y Culturales Antonio de Montesinos A.C. –Mexico

Centro de Estudios Sociales y Culturales Antonio de Montesinos A.C. (CAM) – México

Centro de Investigación Laboral y Asesoría Sindical, CILAS,AC – Mexico

Centro de Investigación y Promoción del Campesinado (CIPCA) –Bolivia

Centro de Investigación y Promoción Social, S.C. (CIPROSOC) –México

Centro de la Mujer Panamena –Panama

Centro de Participación Popular –Uruguay

Centro de Reflexion y Acción Laboral de Fomento Cultural y Educativo, A.C. (CEREAL) –México

Centro Flora Tristan –Peru

Centro Peruano de Estudios Sociales (CEPES) –Peru

Children Education Society (CHESO) – Tanzania

CINEP/ Programa por la Paz –Colombia

Ciudadanos en Apoyo a los Derechos Humanos, A.C. –Mexico

CIVICUS

CNCD-11.11.11 –Belgium

Comité de América Latina y el Caribe para la Defensa de los Derechos de la Mujer (CLADEM)

Comité de Derechos Humanos del Cerro del Judío –Mexico

Company of the Daughters of Charity of St. Vincent de Paul –USA

Congregation of Notre Dame –Canada

Congregation of the Sisters of the Presentation, Newfoundland and Labrador –Canada

Consejo Internacional de Educacion de Adultos (ICAE)

Cooperation for Peace and Development –Afghanistan

Coordinación de ONG y Cooperativas (CONGCOOP) –Guatemala

Coordinador General de la Red Rural –Paraguay

Coordinadora Servicios y Cooperación Externa (CONGCOOP) –Guatemala

Copevi –Mexico

Corporación Región –Colombia

Corporación Viva la Ciudadanía –Colombia

CRADEC – Cameroon

DECA Equipo Pueblo - Mexico

DECIDAMOs –Paraguay

Declaration of Salzburg for Development in Solidarity –Austria

Development Alternatives with Women for a New Era (DAWN)

Dominican Leadership Conference –USA

Economic Governance for Health

Educational Evaluation and Policy Analysis (EEPA) -Belgium

EDUCON –Czech Republic

ENGENHO & OBRA, Associação para o Desenvolvimento e Cooperação, ONGD –Portugal

Enlace, Comunicaciones y Capacitación, A.C –México

Espace Associatif –Morocco

Espacio de Coordinacion de Organizaciones Civiles sobre DESC (Espacio DESC) – Mexico

Eurostep

Fastenopfer/Swiss Catholic Lenten Fund -Switzerland

Feminist Task Force of the Global Call to Action against Poverty

Fokupers –East Timor

Food First International Action Network (FIAN-Mexico Section)

Foro Ciudadano de Participación por la Justicia y los Derechos Humanos (FOCO) –Argentina

Foro de Jóvenes con Liderazgo AC –Mexico

Foro Nacional por Colombia

FUNDACION ETNICA INTEGRAL – Dominican Republic

Fundación FORINS –Fortalecimiento Institucional –Argentina

Fundación Salvadoreña para la Promoción Social y el Desarrollo Económico –El Salvador

G C A P    M É X I C O -Coalición Nacional Mexicana del Llamado Mundial a la Acción Contra la Pobreza

Gevao,s Legal Aid Scheme – Sierra Leone

Global Advocates for Justice –USA

Global Initiative for Economic, Social and Cultural Rights

Global Policy Forum Europe –Germany

Global Social Justice –Belgium

Global-Local Links Project & Global Community Rights Framework Initiative

Groupe Tadamoun –Mauritania

Grupo Social FONDO ECUATORIANO POPULORUM PROGRESSIO – FEPP –Ecuador

Grupo Tacuba - Mexico

IBASE -Brazil

IBON Foundation -Philippines

Imprenta Francia –El Salvador

Indian Social Institute

INESC –Brazil

INHURED International

Instituto de Desarrollo Social y Promoción Humana (INDES) -Argentina

Instituto de Estudios Jurídico Em Direitos Humanos, Economicos, Sociais, Culturais e Ambientais -Brazil

Instituto del Tercer Mundo –Uruguay

Instituto Mexicano de Derechos Humanos y Democracia (IMDHD) –Mexico

Instituto Mexicano de Derechos Humanos y Democracia A.C.

Instituto Mexicano para el Desarrollo Comunitario (IMDEC) –México

Inter-American Platform for Human Rights, Democracy and Development (PIDHDD)

International Association for Community Development

International Human Rights Internship Program

International Presentation Association of the Sisters of the Presentation

International Women's Anthropology Conference (IWAC) –USA

Justice and Peace Commission of Mumbai –India

Kalyanamitra –Indonesia

Kehys, The Finnish NDGO Platform to the EU

Kenya National Commission on Human Rights

KEPA –Finland

Khulumani Support Group –South Africa

KOPIN –Malta

KULU-Women and Development –Denmark

LDC Watch

Loretto Community –USA

Lumière Synergie pour le Développement –Senegal

Marianists International

Maryknoll Office for Global Concerns

Medical Mission Sisters, Sector Asia

Mesoamericanas en Resistencia por una Vida Digna -Honduras

Movimiento Jurídico Nacional - Mexico

Mujer y Salud  -Uruguay

Mujeres Trabajadoras Unidas, AC, MUTUAC – Mexico

National Council of Negro Women -USA

New Rules for Global Finance Coalition -USA

Oficina de  Genero (GEO)

Oikos – Cooperação e Desenvolvimento –Portugal

Parroquia Nuestra Señora de Guadalupe Evangelizadora de America –Mexico

Partnership for Global Justice –USA

Passionists International

Plataforma 2015 y más –Spain

Presentation Congregation Lismore -Australia

President of Bahrain Transparency Society

PRODESSA –Guatemala

Programa Venezolano de Educación - Acción en Derechos Humanos (Provea) –Venezuela

Proyecto Aprendo me Divierto y sigo Viviendo Consultoría Social SC –México

Red de Educacion Popular Entre Mujeres -America Latina

Red Mexicana de Acción frente al Libre Comercio (RMALC) -Mexico

Red Nacional de Género y Economía, REDGE – Mexico

Red Rural -Paraguay

REMA - Mexico

REPEM –Colombia

Rural Reconstruction Nepal (RRN) -Nepal

SAHRiNGON Tanzania Chapter

Sanayee Development Organization - Afghanistan

Seminario permanente de Estudios Chicanos y de Fronteras, (DEAS-INAH) - Mexico

Servicios Ecumenicos para la Reconciliacion y la Reconstruccion (SERR) –USA

SILAKA –Cambodia

Sisters of Charity Federation –USA

Sisters of Charity, BVM Leadership Team –USA

Sisters of Mercy Brisbane –Australia

Social Agenda Working Group  -Thailand

Social Justice in Global Development” (SocDevJustice)

Social Watch

Social Watch Benin

Social Watch India

Social Watch Mozambique

South Asia Alliance for Poverty Eradication (SAAPE) –Nepal

Southeast Asian Council for Food Security & Fair Trade –Malaysia

Space Allies –Japan

SUR Corporación de Estudios Sociales y Educación –Mexico

The second Chance Fd. (USA)

TRI GAY –Mexico

Union de Trabajador@s del Suroeste –USA

Unión Nacional de Instituciones para el Trabajo de Acción Social (UNITAS) –Bolivia

United Methodist General Board of Church and Society

VANÉTICA, SC - Mexico

Werkstatt Ökonomie –Germany

Women and Law in Southern Africa –Zambia

Women in Development Europe Network

Women's & Gender Studies Program of Montclair State University –USA

Women's Rights Center – Suriname

World Economy, Ecology & Development –Germany

World Hunger Education Service –USA

 

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