In October 2025, movements, civil society organizations (CSOs), and people’s platforms across the world united for the Global Week of Action (GWoA), a coordinated mobilization demanding urgent reforms to the global financial architecture, cancellation of unjust public debts, and reparations for the devastating social, economic, and climate impacts driven by decades of extractive policies.
Civil Society Declaration Finance In Common Summit (FiCS) | Fostering Infrastructure And Finance For Just and Sustainable Growth
The confluence of rising inequality, debt crises, and the escalating climate emergency demands that Public Development Banks (PDBs) demonstrate genuine leadership in driving just, sustainable development. At this critical juncture, PDBs must move beyond rhetoric and commit to concrete, transformative actions, placing human rights, community leadership, and environmental sustainability at the core of all financing decisions. Civil Society Organisations (CSOs) call on PDBs to embrace this responsibility and champion a new era of development finance.