A/HRC/29/31 34. In 2014, the Open Working Group on Sustainable Development Goals presented its proposals for the post-2015 development agenda (see A/68/970 and Corr.1). Proposed goal 10 is aimed explicitly at reducing inequality within and among countries. The specific targets associated with goal 10 include the following: achieve and sustain income growth of the bottom 40 per cent of the population at a rate higher than the national average; ensure equal opportunity and reduce inequalities of outcome; and adopt policies, especially fiscal, wage and social protection policies, and progressively achieve greater equality. 35. In December 2014, the Secretary-General presented a synthesis report containing his vision for the negotiations of the new sustainable development goals (A/69/700). In the report, the Secretary-General spoke of gross and intolerable inequalities, and argued that income inequality specifically was one of the most visible aspects of a broader and more complex issue, one that entailed inequality of opportunity. He underlined that, as States implemented the new agenda, they must address inequalities in all areas, agreeing that no goal or target be considered met unless met for all social and economic groups. The defining challenge of the time was to close the gap between the determination to ensure a life of dignity for all, and the reality of persisting poverty and deepening inequality (ibid., paras. 65 and 67–68). 36. Although one of the Open Working Group’s proposed goals is aimed at reducing inequalities, the Special Rapporteur has observed that human rights norms are almost absent from the proposal (see A/69/297, paras. 45–49). In his synthesis report the Secretary-General attributed far greater importance to them, although he did not explicitly discuss the relationship between inequalities and human rights. The link was however acknowledged in statements calling for a future free from poverty and built on human rights, equality and sustainability, a post-2015 agenda built on the principles of human rights and the rule of law, equality and sustainability, and again in the linking of the challenges of reinforcing human rights, equality and sustainability (see A/69/700, paras. 18, 49 and 82). More generally, the Secretary-General underscored the need to continue to remedy the policy incoherence between current modes of international governance in matters of trade, finance and investment on the one hand, and the norms and standards for labour, the environment, human rights, equality and sustainability on the other (ibid., para. 95). He also acknowledged an indirect link between human rights and inequality by juxtaposing the value of dignity with deepening inequality, thus implying that inequality undermined human dignity. 37. The United Nations has not been alone in recognizing the threat posed by the dramatic growth in inequalities. The Managing Director of the International Monetary Fund (IMF) has warned consistently of the seriousness of the problem. At the Fund’s annual meeting in 2014 she said: “There has been a staggering rise in inequality — 7 out of 10 people in the world today live in countries where inequality has increased over the last three decades. And yet, we know that excessive inequality saps growth, inhibits inclusion, and undermines trust and social capital.”58 In February 2014, the Executive Board of IMF discussed a staff paper on fiscal policy as the primary tool for Governments to affect income distribution, including “options for reform of expenditure and tax policies to help achieve distributive objectives efficiently in a manner consistent with fiscal sustainability and recent evidence on how fiscal policy measures can be designed to mitigate the impact of fiscal consolidation on inequality”.59 58 59 Christine Lagarde, “The IMF at 70: making the right choices—yesterday, today, and tomorrow”, Washington, D.C., 10 October 2014. Available from www.imf.org/external/am/2014/speeches/pr02e.pdf, p. 3. See IMF, Annual Report 2014: From Stabilization to Sustainable Growth (2014), p. 37. 13