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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. - PowerPoint PPT Presentation
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Financial Resources
www.actionforglobalhealth.eu
ResourcesDomestic Resources
International Solidarity
Filling the Gap
www.actionforglobalhealth.eu
International Solidarity
Official Development Assistance
Additional Innovative Sources
Private philanthropy
Launched today in Spain
www.actionforglobalhealth.eu
Private giving ranges from individuals through companies to large foundations
Innovative Health Fianancing
www.actionforglobalhealth.eu
Debt2Health
Affordable Medicines Facility - malaria (AMFm)
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
www.actionforglobalhealth.eu
www.actionforglobalhealth.eu
www.actionforglobalhealth.eu
Not a new idea
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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”
REGULATEGLOBAL FINANCE
N W!
Make Finance Pay
www.actionforglobalhealth.eu
Campaign to get a million signature petition
A Lisbon Treaty“Citizens Initiative”
REGULATEGLOBAL FINANCE
N W!
www.actionforglobalhealth.eu
• Trade Unions• Faith Groups• Anti-Poverty Campaigners• Development NGOs• Social NGOs• Environmentalists
A “web 2.0” campaignBrings together:
The RHT “ask”
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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
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
www.actionforglobalhealth.eu
The Campaign Comes to Brussels
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“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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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
What Now?
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