End financial abuse to save people and the planet | FACTI Panel launches its report

Governments around the world must unite to tackle tax fraud, corruption, money laundering and tax engineering to fund the measures needed to respond to the pandemic, climate crisis and extreme poverty, said our Executive Director Magdalena Sepúlveda Carmona on behalf of the FACTI Panel, a group of UN experts, on the occasion of the launch of their report, this Thursday 25 February 2021 and as reported by leading worldwide media outlets such as EFE and CNN.

The FACTI Panel report notably suggests the creation of a Global Compact on Financial Integrity for Sustainable Development, a multi-stakeholder commitment to reform global finance and restore public funds

It issues 14 recommendations to reform, redesign and revitalize the global architecture, so it can effectively foster financial integrity for sustainable development.

It finds that strengthening coordination and global governance related to financial integrity is an essential component of the common agenda for the common future of present and coming generations.

Accountability, legitimacy, transparency, and fairness must form the foundation of the global financial system.

- FACTI Panel report

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Photo credit: Agencia EFE

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