By the end of October, a coalition of economic justice and human rights organizations put together an event with UN Special Rapporteurs from several...
The current economic recession is the result of a hyper-financialization of development and the global economy, of which financial institutions have been active promoters, including by adding conditionalities attached to austerity measures, blocking the possibility of any real development. This dynamic has augmented inequalities, including women’s and poor people’s structural limitations in gaining access to finance. They also magnify speculative flows, triggering increased financial risks, financial market volatility and liquidity shortages – for which central banks needed to intervene with billions of dollars during the current pandemic.