{"id":266386,"date":"2025-11-23T08:46:18","date_gmt":"2025-11-23T09:46:18","guid":{"rendered":"https:\/\/www.premium-partners.net\/?p=266386"},"modified":"2025-11-23T10:05:12","modified_gmt":"2025-11-23T10:05:12","slug":"eu-au-back-call-for-global-inequality-panel-as-pressure-mounts-on-g20-leaders","status":"publish","type":"post","link":"https:\/\/www.premium-partners.net\/fr\/builder\/eu-au-back-call-for-global-inequality-panel-as-pressure-mounts-on-g20-leaders\/","title":{"rendered":"EU, AU back call for global inequality panel as pressure mounts on G20 leaders"},"content":{"rendered":"

This post<\/a> was originally published on this site<\/a><\/p>

<\/p>\n

The European Council and the African Union (AU) have thrown their support behind a proposal to create a new International Panel on Inequality (IPI), as momentum builds around a global push to confront what experts are calling an \u201cinequality emergency.\u201d<\/p>\n

Their backing comes amid growing pressure on G20 leaders from more than two dozen former heads of state and over 700 leading economists, who are urging the establishment of a permanent, science-based global body, described as an \u201cIPCC for Inequality\u201d, to help governments craft coordinated responses to rising inequality.<\/p>\n

The call is set to dominate discussions at the G20 Leaders\u2019 Summit in Johannesburg this weekend.<\/p>\n

The proposal is contained in a landmark report produced by the G20 Extraordinary Committee of Independent Experts on Global Inequality, chaired by Nobel Prize\u2013winning economist Joseph Stiglitz.<\/p>\n

Appointed by President Cyril Ramaphosa under South Africa\u2019s G20 Presidency, the committee presented its findings to G20 leaders on Saturday.<\/p>\n

The presentation was delivered by UNAIDS executive director and UN under-secretary general Winnie Byanyima and renowned economist Professor Jayati Ghosh of the University of Massachusetts-Amherst.<\/p>\n

The European Council is a collegiate body and a symbolic collective head of state, that defines the overall political direction and general priorities of the European Union.<\/span><\/p>\n

European Council President Ant\u00f3nio Costa welcomed the IPI proposal, emphasising that global debt dynamics must be central to its work. He described inequality as \u201ca feature of the international financing system\u201d \u2014 not a flaw \u2014 arguing that structural reforms are urgently needed.<\/p>\n

\u201cInequality is not a bug, it is a feature of the international financing system and it must be reversed. We cannot do this on our own, we need other economic powers to live up to their responsibilities,\u201d Costa said.<\/span><\/p>\n

\u201cToday 3.4 billion people live in countries that spend more on debt interest than on health or education. We must lower the high debt servicing costs that many developing countries face. And we need to enhance debt transparency by all actors.\u201d<\/span><\/p>\n

The AU has also welcomed the initiative, saying the IPI could help ensure African priorities \u2014 including debt reform and fairer global taxation \u2014 receive sustained and evidence-based attenti<\/span>on.<\/span><\/p>\n

\u201cThe African Union fully endorses the recommendations contained in the Reports of the Panel of African Experts and the Extraordinary Committee of Independent Experts on Global Wealth Inequality, calling on the G20 to transform the commitments made into actions that lead to their resolute and coordinated implementation,\u201d said Jo\u00e3o Louren\u00e7o, President of Angola and acting president of the AU.<\/span><\/p>\n

Meanwhile, Ghosh told leaders that inequality has reached crisis proportions, warning that extreme wealth concentration is destabilising economies, undermining democracy and eroding social cohesion.<\/span><\/p>\n

\u201cWe found that the world\u2019s richest 1% have captured over 40% of all new wealth created since 2000, while the bottom half of humanity have received just 1%,\u201d she said.<\/span><\/p>\n

\u201cExtreme inequality undermines political stability and democracy. Economic inequalities tend to translate into political inequalities \u2014 the power to affect laws and policies and unequal access to justice.\u201d<\/span><\/p>\n

The report points to a dangerous convergence of trends: the ballooning of private wealth alongside the erosion of public wealth, widening intergenerational gaps, and the powerful role of inherited fortunes, with more than $70 trillion expected to be passed down to heirs in the coming decade.<\/span><\/p>\n

Ghosh also warned that inequality is worsening climate outcomes.<\/span><\/p>\n

\u201cThe excessive carbon emissions generated by the very richest disproportionately contribute to climate change,\u201d she noted.<\/span><\/p>\n

To tackle these issues, the committee has proposed the establishment of an International Panel on Inequality \u2014 a lean, globally coordinated scientific body that would provide authoritative, independent assessments on inequality trends, drivers and policy responses.<\/p>\n

\u201cFundamentally, inequality is a policy choice and therefore a political choice,\u201d the report notes.<\/p>\n

The proposal has already been endorsed by President Ramaphosa, Spain\u2019s Prime Minister Pedro S\u00e1nchez and Brazil\u2019s President Luiz In\u00e1cio Lula da Silva. Support is also growing across academia, civil society and former political leaders.<\/p>\n

Using its presidency of the G20, South Africa has made inequality the defining theme of its leadership year, a stance President Ramaphosa reinforced in his opening address at the summit.<\/p>\n

He said South Africa was \u201cdeeply aware of the profound responsibility\u201d of steering the G20 at a time when global fractures are widening, and stressed that the priorities of the Global South, particularly tackling inequality, had been woven into every area of the G20\u2019s work.<\/p>\n

Byanyima called South Africa\u2019s leadership \u201chistoric,\u201d praising the country for elevating inequality to the top of the global agenda.<\/p>\n

\u201cI am once again a proud African today as our continent leads the world on this issue,\u201d she told leaders, thanking President Ramaphosa for commissioning the committee\u2019s work,\u201d she said.<\/span><\/p>\n

Byanyima outlined a suite of inequality-reducing policies governments can adopt: boosting access to essential services, reforming intellectual property regimes, strengthening public infrastructure, curbing monopolies, expanding fiscal space, and cooperating on global tax and debt reforms.<\/p>\n

But she warned that many governments lack the data and technical tools needed to implement effective reforms \u2014 one of the key reasons the IPI is urgently needed.<\/p>\n

\u201cWe envisage a globally balanced international coordinating body that would provide a technical service,\u201d she said. \u201cAn International Panel on Inequality would bring together technical expertise worldwide to track inequality and assess what is driving it.\u201d<\/p>\n

BUSINESS REPORT<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

The European Council and the African Union (AU) have thrown their support behind a proposal to create a new International Panel on Inequality (IPI), as momentum builds around a global push to confront what experts are calling an \u201cinequality emergency.\u201dTheir backing comes amid growing pressure on G20 leaders from more than two dozen former heads of state and over 700 leading economists, who are urging the establishment of a permanent, science-based global body, described as an \u201cIPCC for Inequality\u201d, to help governments craft coordinated responses to rising inequality.The call is set to dominate discussions at the G20 Leaders\u2019 Summit in Johannesburg this weekend.The proposal is contained in a landmark report produced by the G20 Extraordinary Committee of Independent Experts on Global Inequality, chaired by Nobel Prize\u2013winning economist Joseph Stiglitz.Appointed by President Cyril Ramaphosa under South Africa\u2019s G20 Presidency, the committee presented its findings to G20 leaders on Saturday.The presentation was delivered by UNAIDS executive director and UN under-secretary general Winnie Byanyima and renowned economist Professor Jayati Ghosh of the University of Massachusetts-Amherst.The European Council is a collegiate body and a symbolic collective head of state, that defines the overall political direction and general priorities of the European Union.European Council President Ant\u00f3nio Costa welcomed the IPI proposal, emphasising that global debt dynamics must be central to its work. He described inequality as \u201ca feature of the international financing system\u201d \u2014 not a flaw \u2014 arguing that structural reforms are urgently needed.\u201cInequality is not a bug, it is a feature of the international financing system and it must be reversed. We cannot do this on our own, we need other economic powers to live up to their responsibilities,\u201d Costa said.\u201cToday 3.4 billion people live in countries that spend more on debt interest than on health or education. We must lower the high debt servicing costs that many developing countries face. And we need to enhance debt transparency by all actors.\u201dThe AU has also welcomed the initiative, saying the IPI could help ensure African priorities \u2014 including debt reform and fairer global taxation \u2014 receive sustained and evidence-based attention.\u201cThe African Union fully endorses the recommendations contained in the Reports of the Panel of African Experts and the Extraordinary Committee of Independent Experts on Global Wealth Inequality, calling on the G20 to transform the commitments made into actions that lead to their resolute and coordinated implementation,\u201d said Jo\u00e3o Louren\u00e7o, President of Angola and acting president of the AU.Meanwhile, Ghosh told leaders that inequality has reached crisis proportions, warning that extreme wealth concentration is destabilising economies, undermining democracy and eroding social cohesion.\u201cWe found that the world\u2019s richest 1% have captured over 40% of all new wealth created since 2000, while the bottom half of humanity have received just 1%,\u201d she said.\u201cExtreme inequality undermines political stability and democracy. Economic inequalities tend to translate into political inequalities \u2014 the power to affect laws and policies and unequal access to justice.\u201dThe report points to a dangerous convergence of trends: the ballooning of private wealth alongside the erosion of public wealth, widening intergenerational gaps, and the powerful role of inherited fortunes, with more than $70 trillion expected to be passed down to heirs in the coming decade.Ghosh also warned that inequality is worsening climate outcomes. \u201cThe excessive carbon emissions generated by the very richest disproportionately contribute to climate change,\u201d she noted.To tackle these issues, the committee has proposed the establishment of an International Panel on Inequality \u2014 a lean, globally coordinated scientific body that would provide authoritative, independent assessments on inequality trends, drivers and policy responses.\u201cFundamentally, inequality is a policy choice and therefore a political choice,\u201d the report notes.The proposal has already been endorsed by President Ramaphosa, Spain\u2019s Prime Minister Pedro S\u00e1nchez and Brazil\u2019s President Luiz In\u00e1cio Lula da Silva. Support is also growing across academia, civil society and former political leaders.Using its presidency of the G20, South Africa has made inequality the defining theme of its leadership year, a stance President Ramaphosa reinforced in his opening address at the summit.He said South Africa was \u201cdeeply aware of the profound responsibility\u201d of steering the G20 at a time when global fractures are widening, and stressed that the priorities of the Global South, particularly tackling inequality, had been woven into every area of the G20\u2019s work.Byanyima called South Africa\u2019s leadership \u201chistoric,\u201d praising the country for elevating inequality to the top of the global agenda.\u201cI am once again a proud African today as our continent leads the world on this issue,\u201d she told leaders, thanking President Ramaphosa for commissioning the committee\u2019s work,\u201d she said.Byanyima outlined a suite of inequality-reducing policies governments can adopt: boosting access to essential services, reforming intellectual property regimes, strengthening public infrastructure, curbing monopolies, expanding fiscal space, and cooperating on global tax and debt reforms.But she warned that many governments lack the data and technical tools needed to implement effective reforms \u2014 one of the key reasons the IPI is urgently needed.\u201cWe envisage a globally balanced international coordinating body that would provide a technical service,\u201d she said. \u201cAn International Panel on Inequality would bring together technical expertise worldwide to track inequality and assess what is driving it.\u201dBUSINESS REPORT<\/p>","protected":false},"author":1,"featured_media":266388,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-266386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-builder"],"_links":{"self":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/266386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/comments?post=266386"}],"version-history":[{"count":1,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/266386\/revisions"}],"predecessor-version":[{"id":266387,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/266386\/revisions\/266387"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media\/266388"}],"wp:attachment":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media?parent=266386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/categories?post=266386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/tags?post=266386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}