Here in NY, the negotiations on ToR for a #UNTaxConvention have ended and the FINAL text has been published: financing.desa.un.org/sites/default/… We expect a UN-vote on this text Friday 16 August at 15.00 New York time, and we are calling on countries to vote YES! What's at stake? 1/11

Quick estimation of impact of increasing surcharge threshold from 187.5 to 300% based on this piece by Joseph E. Stiglitz. The results show a mixed picture. There would a sharp drop in countries affected, but those that remain would still pay over US$ 4 billion in next 3 years.

On the announced changes to the surcharge policy…

Breaching and entering a UN position is a further flagrant violation of international law and Security Council resolution 1701 (2006). Any deliberate attack on peacekeepers is a grave violation of international humanitarian law and resolution 1701.

El gran Manuel Felipe mi asesor en MinHacienda y amigo de la academia heterodoxa ha partido. Manuel ideó la Regla Fiscal Verde que esta en el proyecto de la ley de financiamiento y un estudioso de la macroeconomía . Te vamos a extrañar,Paz en tu viaje eterno.

Colombia pierde enormemente con la partida de Manuel Felipe , un economista visionario y heterodoxo, un destacado funcionario del gobierno, creador de la idea de la Regla Fiscal Verde, entusiasta de la reindustrialización y una lindísima persona. Vuela alto, amigo.

For those interested on trade and climate: my colleagues just published an awesome report on how trade policy can be used to accelerate energy transition. Check it out!

Impressive work from tim-jones6.bsky.social and DebtJustice.bsky.social colleagues looking in detail at the outcomes of the most recent #debt restructurings in the global south ... the headline: private lenders are making a ton out of debt even after restructuring! debtjustice.org.uk/press-release/… Short 🧵

Manu vive. Con el amor que él sembró en mí y en cientos de personas comparto estas palabras para que recordemos a Manuel Felipe. Toda la energía de Manu ahora será nuestro motor para construir el mundo que él soñó. razonpublica.com/manu-vive/

⚠️ Today 3.3 billion people live in countries spending more on #debt than on education and health. Read our 🆕 paper presenting 🔟reforms to build a new debt architecture for economic justice ➡️ ow.ly/zY2y50TNmY0 🧵⤵️ #CancelTheDebt #FfD4

Today I posted this letter to the FT: How governance reform at IMF has ground to a halt - on.ft.com/3YjsYhA via Financial Times. As the current IMF quota system reaches its limits in what it can do to maintain US/EU dominance and pressure mounts, how long can they keep this up?

In 2009/10 the IMF sold gold to finance its operations+subsidize PRGT Gold prices are at historic highs — a good moment to sell more gold and replenish the Catastrophe Containment and Relief Trust (CCRT) 🧵 Rishikesh Ram Bhandary and I make the case here: bu.edu/gdp/2024/11/13…