Nueva Arquitectura Financiera

Economic justice and transformation: C7 policy recommendations

As the year 2030 looms and just six years remain to achieve the Sustainable Development Goals, the world is still facing a number of critical structural and systemic challenges with large groups of population such as women, children and youth and the most marginalised carrying the heaviest burden of the current polycrisis.

The compounding impacts of climate change, economic shocks, the consequences of the pandemic and the alarming increase of conflicts and wars, have been exacerbating the already unacceptable social and economic inequalities. Gender inequalities are magnified, food security and even famine are increasing, fostering forced migratory flows and driving humanitarian needs to record levels. The prolonged public-private indebtedness is at the same time a consequence and a further cause of the crisis. This complex situation, as a comprehensive result, is slowing and even reversing previous progress in leaving no one behind.

The prevalence of war is growing. Russia’s war of aggression in Ukraine has now reached its third year, with deep consequences on the state of the population and the environment, and no perspectives of solutions seem close. In the Middle East, following the horrific attacks and hostage-taking on 7th October, the actions of the Israeli government and army are starving and killing the population of Gaza, without distinction or proportionality. In this context, the lack of initiative of the G7 and other countries becomes, de facto, a complicity. Words and actions of peace are needed and urgent, to avoid the escalation of the crisis.

The international civil society gathered in the Civil 7 (C7) believes it is necessary to recognise the critical relevance of the present moment, and the responsibility of all actors, including the G7 and its Presidency to treat the current situation with utmost importance. The threats to the planet’s and humankind’s health need political initiative, ambition and accountability. The fragility of global peace, poverty, inequalities, injustice, their drivers and root causes, while violence is perpetrated with impunity on a catastrophic scale, demand the utmost urgency, and concrete and bold action.

As a constituency, we cannot fail to remember how these processes have been marked since their beginnings by recommendations that asked global leadership to introduce a paradigm shift in development, with democratic processes to address the root causes of the current polycrisis.

Read the full policy pack here: