In progress at UNHQ

Economic and Social Council


ECOSOC/6975

Describing a “race to the bottom” in which multinational corporations enjoy lower and lower tax rates around the globe, delegates at the Economic and Social Council’s forum on financing for development follow-up today stressed that such practices are slicing deep into the funds countries need to achieve the Sustainable Development Goals by their 2030 deadline.

ECOSOC/6974

Four years after the roll‑out of the Addis Ababa Action Agenda, the gap in financing the Sustainable Development Goals has widened, the chief United Nations trade expert told the forum on financing for development follow-up today, as participants explored ways to mobilize domestic resources, curb corruption and create enabling environments for increased investment in their economies.

ECOSOC/6970

The Economic and Social Council adopted two decisions today, as it also held its annual Partnership Forum amid calls for engaging a diverse range of actors — from Governments and businesses to academia, civil society and, importantly, local decision-makers — in new forms of collaborations that generate better results for those most in need.