pop-logo-verticalCreated with Sketch.

News (68)

The impacts of austerity on health

Austerity is a policy used by governments to save money, either as an overall reduction in government spending as a percentage of GPD, or specific reductions in government spending. However it is defined, austerity causes specific losses to specific people.

Source: PSI

PPP model: debt and transparency risks

A new report by Peruvian researchers Germán Alarco Tosoni and Ciro Salazar Valdivia through LATINDD reveals debt and transparency risks in the PPP model and provides recommendations. The study “includes the experience of PPPs implemented in Peru and the cost that these have had for the government of this country, as well as the overcosts that they have had during realization. Among the main problems that this business model implies, the lack of evaluation mechanisms to define whether the APP model is the best option for project execution; It also carries fiscal risks because the PPP dealership plays the same role as a public debt holder; finally the text also considers the weaknesses that the project can have in the planning stages, in the institutionality of the country in which it is developed and the transparency with which the works will be executed.”

Source: LATINDADD

The IMF and PPPs: A master class in double-speak

María José Romero and Gino Brunswijck of Eurodad say the International Monetary Fund (IMF) is simultaneously warning about the fiscal effects of ‘public-private partnerships’ and promoting them. “The advice of the IMF seems to lack coherence when it comes to PPPs. On the one hand the IMF recognises the fiscal risks associated with PPPs in its policy advice, while on the other there is a continued push for fiscal austerity measures, which has paved the way for the introduction of PPPs in many countries.”consolidation.

Source: Bretton Woods Project

World Bank Financializing Development

The World Bank has successfully legitimized the notion that private finance is the solution to pressing development and welfare concerns, including achieving the Sustainable Development Goals (SDGs) through Agenda 2030. The Bank's ‘Maximizing Finance for Development' (MFD) strategy marks a new stage. The MFD presumes that public money should mainly be used to leverage private finance.

Source: www.ipsnews.net

Can public-private partnerships deliver gender equality?

On the eve of International Women's Day, a new report “Can Public-private Partnerships deliver gender equality?” was released by a European Network on Debt and Development (EURODAD). The report says: "PPPs are being actively promoted by donor governments and international financial institutions to fund social services and infrastructure projects around the world. However, support for PPPs runs counter to governments’ commitments to promote gender equality and the fullfilment of women’s rights under Agenda 2030 and elsewhere ". This report aims to contribute to the growing civil society debate about PPPs and describes how they could create additional fiscal constraints that undermine the state’s capacity to deliver gender-transformative public services and infrastructure, or to promote decent work for women.

Source: eurodad.org

Abuja Water Summit Rejects Privatisation Projects

Unions, civil society organisations and allies convened a Water Summit in Abuja on 29-30 January to call a halt to the water privatisation plans being foisted on the government of Nigeria and state governments by the World Bank, by the US Millennium Challenge Corporation and other groups ideologically committed to privatisation and market control.

Rights for People and Rules for Corporations – Stop ISDS

Today’s trade and investment agreements give transnational corporations far reaching special rights and access to a parallel justice system to enforce them. Corporations have their own global private court system – called Investor-state dispute settlement (ISDS) – which they use to bully governments. But many victims of corporate human rights abuses don’t have any way of winning justice. At the start of the 2019 World Economic Forum in Davos, The European Environmental Bureau and more then 150 other European organisations, trade unions and social movements launch a new trade and corporate accountability campaign called “Rights for People and Rules for Corporations – Stop ISDS”. The Petition says: “The EU and Member States must enshrine in their laws the duties of corporations to respect human rights and the environment throughout their operations worldwide”.

Source: STOP ISDS

Global Labour Remunicipalisation workshop

A growing body of research and documentation shows that cities, communities, and in some cases states, are increasingly bringing back public services from private to public ownership due to the failure of privatization to keep its promises in term of cost effectiveness, service quality and user access. PSI recently held a workshop bringing together trade unions and allies from around the world to share experiences of remunicipalisation and strategies for bringing public services back in-house.

Source: peopleoverprof.it

How commercial scholarly publishers put the future of scientific knowledge at risk

On Tuesday 13 November, during Education International’s 11th International Further & Higher Education & Research Conference in Taipei, Taiwan, we will be releasing our latest report produced as part of the Global Response to the growing commercialisation and privatisation of education. Democratising Knowledge: a report on the scholarly publisher, Elsevier, aims to provide the foundations for a critical study into Elsevier’s business model and practices. The study also aims at contributing to developing policy objectives relating to open public access to research and educational materials, academic freedom, researcher autonomy, and the scholarly communication system. This research will form a key part of Education International’s Global Response campaign on the commercialisation and marketisation in and of education aimed specifically at the further and higher education and research sector.

UN poverty expert warns against tsunami of unchecked privatisation

PSI welcomes this ground-breaking new report on "Extreme poverty and Human rights" which finds that "widespread privatisation of public goods in many societies is systematically eliminating human rights protections and further marginalising those living in poverty". "This report will certainly be helpful in pushing for an open debate at the UN on the impact of privatisation and whether PPPs are truly fit for purpose" says PSI General Secretary Rosa Pavanelli.