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Tax Havens Are Sabotaging the SDGs

Summary:
Several international initiatives, programs, agreements, conventions, and treaties have been created in recent years to reduce illicit financial flows, and yet the flows continue to increase. Without more aggressive and concerted action, countries will lack the resources needed to achieve the Sustainable Development Goals. BEIJING – On September 25, 2015, the world’s heads of state and government unanimously adopted the 2030 Agenda for Sustainable Development – a sweeping global blueprint for building a more equitable and sustainable world. But, more than five years later, progress toward the agenda’s 17 Sustainable Development Goals leaves much to be desired. An Open Letter to Joe Biden on

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Several international initiatives, programs, agreements, conventions, and treaties have been created in recent years to reduce illicit financial flows, and yet the flows continue to increase. Without more aggressive and concerted action, countries will lack the resources needed to achieve the Sustainable Development Goals.

BEIJING – On September 25, 2015, the world’s heads of state and government unanimously adopted the 2030 Agenda for Sustainable Development – a sweeping global blueprint for building a more equitable and sustainable world. But, more than five years later, progress toward the agenda’s 17 Sustainable Development Goals leaves much to be desired.

Among the biggest constraints for countries striving to achieve the SDGs is the lack of financial resources. Even before the COVID-19 pandemic, many low- and middle-income countries were showing signs of debt...

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