Financial Resources

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ResourcesDomestic Resources

International Solidarity

Filling the Gap

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International Solidarity

Official Development Assistance

Additional Innovative Sources

Private philanthropy

Launched today in Spain

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Private giving ranges from individuals through companies to large foundations

Innovative Health Fianancing

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Debt2Health

Affordable Medicines Facility - malaria (AMFm)

Currency Transaction Levy for Health

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¥€$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

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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

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Campaign to get a million signature petition

A Lisbon Treaty“Citizens Initiative”

REGULATEGLOBAL FINANCE

N W!

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• 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

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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

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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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