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Joint Statement by independent United Nations human rights experts warning of the threat that financial speculation poses to the enjoyment of a range of human rights

-Press release by Office of the United Nations High Commissioner for Human Rights dated 19th October, 2021

GENEVA (19 October 2021) – A group of independent United Nations human rights experts issued the following joint statement, in order to highlight the serious negative impact that financialisation has on the enjoyment of the human rights to safe drinking water and sanitation, as well as a range of other human rights, including the rights to food, adequate housing, development and a healthy and sustainable environment, among others.

The experts expressed their concern about the gradual encroachment of financial speculators into new domains, in particular trading in certain commodity derivatives that are essential for the enjoyment of human rights, especially of those marginalized, indigenous peoples, Afro-descendant and peasant communities, persons with disabilities and persons living with Albinism, as well as those living in conflict contexts. The experts pointed out that financialisation has a disproportionate impact on the enjoyment of their rights by women and girls who form half of the world population, and are systematically victims of discrimination. The impact on older people was also highlighted.

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