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11 Nov 2015

Aldo Caliari, Center of Concern

UN Forum Series Blog: Are infrastructure investors exempt from human rights duties? G20 surely thinks so…

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The G20 is expected to adopt the second of two reports that contain "effective approaches" to implementing the High Level Principles on Long Term Investment Financing by Institutional Investors ("the HL Principles"), produced at the G20's request by the Organization for Economic Cooperation and Development (OECD)...According to several estimates, financing the infrastructure gap in developing countries will take more than an additional USD one trillion a year...Surprisingly, though, for an area so often associated to human rights abuses, none of the documents produced by the OECD has even a passing reference to the Guiding Principles...In contrast, recommendations on rights of investors are quite explicit...