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President’s Message

The Presidency of the Leading Group on Innovative Financing is a very important event for the Spanish cooperation policy towards a more mature, efficient and inclusive system to fight against hunger and poverty. Spain has done progresses in its way to achieve its international commitments in order to reach 0,7% ODA. Nevertheless, we are aware that this goal is not enough. Reports about the necessary financing to accomplish the MDGs say that the financing gap is near 324 billion and 336 billion a year for 2012 and 2017 (156 billion for climate change and 168-180 billion for ODA), while ODA in 2010 was around 130 billion). Spain, which hosts the Presidency of this Leading Group of Innovative Financing, is determined to do its best to foster the mechanisms already in place within the frame (...)

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Italy is willing to support the tax on financial transactions

15 December 2011

In a speech pronounced at the Italian Senate on the results of the last European Summit (8th and 9th of December, 2011), the Italian Prime Minister, Mario Monti, spoke out in favour of the introduction of a tax on financial transactions.

The G20 commits to reduce the cost of migrants’ remittances

5 décembre 2011

The G20, after the G8, commmitted in Cannes to reduce the cost of transferring remittances to 5% of the amount transferred, between now and 2014. The final declaration says : "77. Recognizing that economic shocks affect disproportionately the most vulnerable, we commit to ensure a more inclusive and resilient growth. We therefore decide to (...)

the FTT at the G20

4 novembre 2011

The G20, which includes a number of us, has just made a decisive step in terms of development financing. Following the proposals of the Bill Gates report, and in a logical continuation of the work we have conducted over several years, a tax on financial transactions for development is on the table. It is the first time that the G20 has made a (...)

Publication of a Blueprint on a Multilateral and Multi-jurisdictional Tax on Financial Transactions

28 October 2011

A Blueprint on a International Treaty on a Multilateral and Multi-jurisdictional Tax on Financial Transactions has been developed by a group of experts, in the framework of the Leading Group. Document attached.

Presentation to the President of the French Republic of a petition of 500,000 signatures for the Robin Hood Tax

22 octobre 2011

Oxfam France General Director Luc Lampriere and AIDS France General Director Michel Simon presented France’s President Nicolas Sarkozy with a petition with 500,000 signatures requesting the institution of the "Robin Hood" tax during the high level Conference on Development in Paris October 21, (...)
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