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Published byLynette Washington Modified over 9 years ago
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Financial Resources www.actionforglobalhealth.eu Resources Domestic Resources International Solidarity
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Filling the Gap www.actionforglobalhealth.eu International Solidarity Official Development Assistance Additional Innovative Sources Private philanthropy
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Launched today in Spain www.actionforglobalhealth.eu Private giving ranges from individuals through companies to large foundations
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Innovative Health Fianancing www.actionforglobalhealth.eu Debt2Health Affordable Medicines Facility - malaria (AMFm)
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Currency Transaction Levy for Health www.actionforglobalhealth.eu ¥€$ We can A small charge on each transaction on the foreign exchange markets as a sales tax with a rate of 0.005% could raise $30 billion each year and if the EU acted alone in excess of $16.5 Billion
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www.actionforglobalhealth.eu
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Not a new idea www.actionforglobalhealth.eu Nobel prize winner Tobin suggested the tax at a much higher rate to limit speculation on currencies The idea has been followed ever since – particularly by those on the left looking to control “the markets” REGULATE GLOBAL FINANCE N W!
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Make Finance Pay www.actionforglobalhealth.eu Campaign to get a million signature petition A Lisbon Treaty “Citizens Initiative” REGULATE GLOBAL FINANCE N W!
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www.actionforglobalhealth.eu Trade Unions Faith Groups Anti-Poverty Campaigners Development NGOs Social NGOs Environmentalists A “web 2.0” campaign Brings together:
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The RHT “ask” www.actionforglobalhealth.eu Tax on all financial transactions at average of 0.05% Revenue divided: 50% domestic social spending 25% International climate finance 25% MDGs
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www.actionforglobalhealth.eu More “Facebook friends” than the three main UK parties - combined Vote rig story – Goldman Sachs getting caught strategy is based on the assumption that supporters will engage with this campaign roughly as follows: Enthused > Inspired > Involved > Active
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www.actionforglobalhealth.eu The Campaign Comes to Brussels
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www.actionforglobalhealth.eu “Obama” bank levy: an “insurance” fund for the financial sector Would raise a much smaller sum and nothing for Global Public goods Even more minimal proposal made by the EC last week Other related proposals
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www.actionforglobalhealth.eu Barnier last week "The examination of such measures should continue in parallel as a useful complement to the preventive funds that are considered in this Communication." But Barnier did not rule out EU action on FTT in addition
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What Now? www.actionforglobalhealth.eu
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