In October 2011, global coalition of civil society groups Seattle to Brussels Network held an international week of action against bilateral investment treaties. Their final declaration calls the World Bank-housed International Centre for the Settlement of Investment Disputes (ICSID) part of “an architecture of impunity for transnational corporations (TNCs) [which] undermines the sovereignty and constitutions of both developed and developing countries, democratic governance and peoples’ interests.” It calls for “the withdrawal of states from ICSID and other arbitration processes.” After five years of threats, Venezuela, which has almost 20 suits pending at ICSID, formally withdrew from the institution in January, claiming membership threatened “national sovereignty”.
This briefing emphasises the interdependence between the SDGs and the Paris Climate Agreement, in terms of ensuring that all new infrastructure is climate resilient and aligned with the low- or zero-carbon pathways required to avert catastrophic climate change – which would render achieving the SDGs impossible.
World Bank Enabling the Business of Agriculture rankings prescribe land privatisation at the expense of family farmers, pastoralists, and Indigenous Peoples.
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