While we welcome the objective of the Addis Ababa Action Agenda (AAAA) of achieving ‘equitable global economic system in which no country or person is left behind’ in its introductory paragraph, so also the mention of the productive employment, decent work and the social protection system, we fear that they may remain as mere rhetoric.
While promising to end hunger, poverty and inequality, it has not addressed the structural aspects of the economy responsible for perpetuation of the same. Excessive importance given to the private capital for financing development legitimises the ongoing withdrawal of the state from providing essential services like education, health, water and sanitation and other sectors.
While the PPP model has made quality education and health care almost out of reach for the people living in poverty and socially excluded groups, reposing faith on the same model for financing key social sectors reflects serious lack of commitment by the global leaders towards equality, justice and climate change.
The question will always remain on how to ensure accountability of private funding to the people at large and of the private capital towards human rights, labour rights and safeguarding the environment.