Sharing Strategies

In Riyadh, COP16 raises over $12 billion to tackle drought, desertification At the UNCCD COP16 summit in Riyadh, a historic $12 billion in funding has been pledged to tackle the pressing challenges of drought, desertification, and land degradation. This includes the launch of the groundbreaking Riyadh Global Drought Resilience Partnership, amplifying collaboration between financial institutions, private sector leaders, and governments. The Riyadh Action Agenda, a key initiative of Saudi Arabia’s COP16 presidency, aims to restore 1.5 billion hectares of degraded land by 2030. It’s a call to action for stronger urban-rural linkages, enhanced governance frameworks, and inclusive financing mechanisms—especially in the Global South. #COP16 #LandRestoration #Sustainability #DroughtResilience #Desertification #GlobalPartnerships #ClimateAction #UrbanRuralLinkages #InclusiveDevelopment

A closer look at the World Bank’s new $100bn mobilisation target The World Bank has announced a bold $100 billion mobilisation target through its International Development Association (IDA), aiming to amplify its impact in supporting the world’s poorest countries. By optimising its balance sheet and leveraging donor funds, the IDA plans to significantly expand its financing capacity—critical in addressing challenges in low-income nations. However, this ambitious approach comes with trade-offs. As the IDA increases its reliance on bond markets and loans, questions arise about maintaining its credit rating and balancing grants versus loans for the most vulnerable populations. #DevelopmentFinance #WorldBank #SustainableDevelopment #GlobalPartnerships #EconomicInclusion #FinancialInnovation #PovertyReduction #GlobalDevelopment #MultilateralAid

Ghana, Africa’s model democracy, is losing its sheen Ghana has long been hailed as a beacon of democracy in Africa, with its peaceful transitions of power and strong institutions setting an example for the region. However, as The Economist recently highlighted, this hard-won reputation is under pressure. Rising public debt, economic challenges, and concerns over governance are sparking debates about the future of democracy not just in Ghana but across the continent. #Ghana #DemocracyInAfrica #Governance #EconomicDevelopment #Accountability #Transparency #SustainableDevelopment #Leadership #GlobalPartnerships #PolicyInnovation

Tax Justice Network hails world-leading Australian legislation on corporate tax transparency In the final session before elections, the Australian Senate has voted to pass world-leading legislation on corporate tax transparency. The measure, which is projected to yield billions in additional revenues by curbing the profit shifting of multinational companies, follows the long-running campaigning of Tax Justice Network-Australia, along with CICTAR (Centre for International Corporate Tax Accountability & Research) and a coalition of national and global civil society and union member organisations and investors #TaxJustice #CorporateTransparency #Australia #Advocacy #PolicyChange

New UK investment to unlock billions to tackle root causes of irregular migration, climate change and growth crises Development Minister Anneliese Dodds today announced that the UK will provide £1.98 billion over three years to the International Development Association (IDA), the World Bank’s fund for the world’s lowest income countries, to go towards projects promoting economic growth, tackling poverty and addressing the impacts of climate change.  #UKAid #IDA #GlobalDevelopment #ClimateAction #SustainableGrowth #MigrationSolutions #WorldBank #InternationalFinance #PrivateSectorInvestment

United Nations General Assembly votes overwhelmingly to begin historic, global tax overhaul A historic vote at the UN General Assembly today saw countries decide overwhelmingly to begin the formal negotiation of a UN framework convention on international tax cooperation. Over the next two and a half years, delegates will work together to set new rules and standards relating to both corporate and individual taxation, and to design a new framework body that will house future ‘Conferences of the Parties’ in order to address new tax challenges as they arise in future. #TaxJustice #GlobalTaxReform #UnitedNations #FairEconomy #SustainableDevelopment

Be Brave and Impose Minimum Tax on World's Billionaires, Urges Spanish Minister Spain’s economy minister has urged the world’s richest countries to “be brave” and redouble efforts to reach an agreement on a global minimum tax on the world’s 3,000 billionaires, saying recent elections have shown citizens are demanding “redistribution of wealth”. #WealthTax #GlobalEconomy #EconomicJustice #ClimateAction #G20 #Sustainability #Leadership #Inequality #ProgressiveTaxation https://lnkd.in/dMgnvRjV

Cheering on our many Sharing Strategies network partners who are in Baku (#COP29) and Rio de Janeiro (#G20Summit) right now, pushing to jumpstart progress on our global #climate and #sustainabledevelopment goals. Some brief reflections on what makes this network so powerful – and more necessary than ever: Nearly 200 partners in the Sharing Strategies network – senior leaders from across the climate and development worlds, Global South and North, ranging from activists to funders to government officials – regularly gather virtually to swap intel and strategize for upcoming global moments like these. They share a dogged optimism in the face of today’s fierce political headwinds. With founder Jamie Drummond's facilitative leadership, network members have a strong sense of co-ownership and ensure momentum through cross-sharing. A few lessons we’ve learned as this network has grown: 🧠 𝟏. 𝐂𝐫𝐞𝐚𝐭𝐞 𝐚 𝐬𝐩𝐚𝐜𝐞 𝐭𝐨 𝐫𝐞𝐠𝐮𝐥𝐚𝐫𝐥𝐲 𝐬𝐡𝐚𝐫𝐞 𝐢𝐧𝐭𝐞𝐥 𝐚𝐧𝐝 𝐚𝐝𝐣𝐮𝐬𝐭 𝐩𝐫𝐢𝐨𝐫𝐢𝐭𝐢𝐞𝐬 – partners say that Sharing Strategies’ monthly plenary calls provide a rare forum in which they can both step outside their sector silos and feel comfortable disclosing insider insights and planned tactics. ➕ 𝟐. 𝐍𝐮𝐫𝐭𝐮𝐫𝐞 “𝐦𝐨𝐯𝐞𝐦𝐞𝐧𝐭-𝐠𝐞𝐧𝐞𝐫𝐨𝐬𝐢𝐭𝐲” – anchor partners role-model openness and mutual support by sharing resources, amplifying each other’s work, acknowledging vulnerabilities, and celebrating collective wins. They refrain from self-promotion and posturing for funders. A culture of generosity breeds further generous behavior. 🤝 𝟑. 𝐁𝐮𝐢𝐥𝐝 𝐭𝐫𝐮𝐬𝐭 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐚𝐜𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐜𝐨-𝐥𝐞𝐚𝐫𝐧𝐢𝐧𝐠 – the rubber hits the road in the myriad of smaller-scale partner interactions between monthly plenaries. The network has helped spawn a host of “catalytic action clusters,” independent, agile, and action-oriented working groups that coordinate joint advocacy and policy reform efforts on specific sub-issues. We have an enormous task ahead of us, made all the more daunting by the US election result. But recent political shifts have only reinforced the need for spaces like the Sharing Strategies network where partners can re-group, coalesce around a shared path forward, and magnify the impact of each others’ efforts. Dalberg Catalyst is honored to accompany Sharing Strategies’ partners as we work to extend our collective impact. Learn more about the Sharing Strategies network, visit our website (https://lnkd.in/dzyyrGRe), where you can learn about partners’ work, subscribe to our newsletter, and join in. Sandy Majola Dorothy Masara Sonila Cook Jordan Fabyanske #GlobalGoals #SDGs #ClimateAction #ClimateAdvocacy #GreenTransition #RioG20 #Baku2024

Cop29: which climate finance ideas are most likely to work? Countries meeting in Baku, Azerbaijan, for the Cop29 climate summit are under pressure to find ways to raise money to help poorer nations cut greenhouse gas emissions, shift to a low-carbon economy, and adapt to the impacts of extreme weather. At least $1tn a year is needed. Developed countries are willing to ensure that about half of that is provided from public sources, leaving a large gap that countries are hoping to fill with other sources of cash, known as innovative forms of finance.  #COP29 #ClimateFinance #SustainableFuture #ClimateAction

The end of medical aid tax credits and new wealth taxes on the cards for South Africa The South African government is considering major tax changes, including the end of medical aid tax credits and introducing new wealth taxes. These proposed shifts aim to increase revenue, but they bring significant implications for taxpayers, healthcare affordability, and financial planning. #TaxPolicy #SouthAfrica #WealthTax #HealthcareAffordability