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Financial Resources. Resources. Domestic Resources. International Solidarity. Filling the Gap. Official Development Assistance. International Solidarity. Additional Innovative Sources. Private philanthropy. Launched today in Spain.
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Financial Resources Resources Domestic Resources International Solidarity www.actionforglobalhealth.eu
Filling the Gap Official Development Assistance International Solidarity Additional Innovative Sources Private philanthropy www.actionforglobalhealth.eu
Launched today in Spain Private giving ranges from individuals through companies to large foundations www.actionforglobalhealth.eu
Innovative Health Fianancing Debt2Health Affordable Medicines Facility - malaria (AMFm) www.actionforglobalhealth.eu
Currency Transaction Levy for Health A small charge on each transaction on the foreign exchange markets as a sales tax with a rate of 0.005% could raise $30 billion each year ¥€$ We can and if the EU acted alone in excess of $16.5 Billion www.actionforglobalhealth.eu
Not a new idea REGULATE GLOBAL FINANCE N W! 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” www.actionforglobalhealth.eu
Make Finance Pay REGULATE GLOBAL FINANCE N W! Campaign to get a million signature petition A Lisbon Treaty “Citizens Initiative” www.actionforglobalhealth.eu
Brings together: A “web 2.0” campaign • Trade Unions • Faith Groups • Anti-Poverty Campaigners • Development NGOs • Social NGOs • Environmentalists www.actionforglobalhealth.eu
The RHT “ask” Tax on all financial transactions at average of 0.05% • Revenue divided: • 50% domestic social spending • 25% International climate finance • 25% MDGs www.actionforglobalhealth.eu
strategy is based on the assumption that supporters will engage with this campaign roughly as follows: Enthused > Inspired > Involved > Active More “Facebook friends” than the three main UK parties - combined Vote rig story – Goldman Sachs getting caught www.actionforglobalhealth.eu
The Campaign Comes to Brussels www.actionforglobalhealth.eu
Other related proposals “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 www.actionforglobalhealth.eu
Barnier last week But Barnier did not rule out EU action on FTT in addition "The examination of such measures should continue in parallel as a useful complement to the preventive funds that are considered in this Communication." www.actionforglobalhealth.eu
What Now? www.actionforglobalhealth.eu