Last Friday’s Brexit results shook the world – reverberating across global financial markets, the public discourse on equality and immigration, and geopolitical stability and security. Over the weekend, the pound saw its lowest level since 1985 with $2 trillion disappearing from world markets.
The financial and political implications of Britain’s decision to leave the European Union could directly affect the global development sphere, according to UN Dispatch. With an annual contribution of $2.2 billion into the EU’s pool for humanitarian and development issues, many are concerned that once those funds are pulled out of the EU they will no longer be earmarked for aid. What’s more, Humanosphere points out that the UK needs to renegotiate more than 100 trade agreements with African countries. All this will mean a great deal to the prosperity of developing countries.
Meanwhile, at the United Nations, Secretary General Ban Ki-moon noted that the UK is expected to continue its leadership role, particularly in development.
The value of aid, trade negotiations and geopolitical stability are among the issues we’ll be watching following Brexit.
The Latest On The United Nations And The Global Goals:
The world’s six largest advertising companies set aside rivalries to promote the Global Goals: Ad Chiefs Unite To Support UN Sustainable Development Program. “UN Secretary-General Ban Ki-moon joined advertising companies WPP PLC, Omnicom Group Inc., Publicis Groupe SA, Interpublic Group of Cos., Dentsu Inc. and Havas SA on Friday to unveil a new collaborative initiative called “Common Ground,” which will help promote the UN’s Sustainable Development program.”
Ban Ki-moon welcomes a deal between Israel and Turkey to normalize relations and in Israel, Urges Two-State Solution To Israel-Palestine Conflict. “The Secretary-General encouraged Israeli and Palestinian leaders to engage with the Middle East Quartet – made up of the European Union, Russia, the United States and the UN – which continues to work with the parties and the region to bring about the necessary conditions for the resumption of meaningful negotiations and is finalizing its first report on the impediments to the two-state solution and the way forward.”
Biz Green makes the case for targets in climate policy: Why The UN SDGs Are Critical For Climate. “Last year, in a piece called “Why the Sustainable Development Goals Matter,” Columbia University economist Jeffrey Sachs pointed out that the Millennium Development Goals did help guide policy and practices that slashed extreme poverty, and he argued that clear goals such as the SDGs have a long history of focusing massive numbers of minds on a common cause.”
The Overseas Development Institute’s Elizabeth Stuart proves a strong link between big business and the UN’s Global Goals. How Business Can Help Deliver The Global Goals. “Questioning a thousand companies from 90 countries, the PricewaterhouseCoopers SDG engagement survey shows 92% of respondents are aware of the goals (compared to 31% of citizens) and 71% are laying out future plan to operate sustainably, particularly on SDG 8: decent work and economic growth.”
Global Trends – What Experts Are Reading and Writing About:
The most-read paper in Environmental Research Letters for most of the past three years is still hot: The Paper Finding a 97% Expert Consensus on Human-Caused Global Warming Surpasses Half a Million Downloads. “In 2013, a paper was published finding a 97% expert consensus across peer-reviewed research on human-caused global warming. Today, three years later, the paper has been downloaded more than half a million times, The Guardian reports.”
The Center for Global Development brings together the brain trust from multilateral development banks on gender equality in How to Move the Ball Forward. “The evidence is clear: integrating a focus on gender into the development agenda is essential if we’re serious about eradicating poverty, improving health and education, and promoting inclusive economic growth. Multilateral development banks (MDBs) have taken this lesson to heart, but there’s still work to be done.”
Looking Ahead – What We’re Paying Attention To:
The Fund for Peace will release it’s 2016 Fragile States Index this Tuesday. Sneak peak: Executive Director J.J. Messner writes, Underlying Concerns Create a Worrying Outlook for Britain Beyond Brexit. “In many ways, as painful as Brexit will undoubtedly be politically and economically, it is perhaps the tip of a much larger iceberg, socially. The rancorous campaign leading up to the referendum laid bare previously under-appreciated levels of opposition to immigration, much of it racially charged, that was exacerbated by opportunistic campaigning.”
Italy pledged €130M towards the Global Fund to Fight AIDS, TB and Malaria over the weekend ahead of the Replenishment meeting in September. Tennis star Andy Murry writes in Trust.org on why this is Our Shot To End Malaria. “In the fight against malaria, when funding has been reduced or stopped many countries have seen the disease return with a vengeance. We cannot afford to stand still or let any ground slip when so many lives and futures are at stake.”
Image: A full moon rises behind Glastonbury as people gather to celebrate the summer solstice on June 20, 2016 in Somerset, England. Matt Cardy/Getty Images.