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CSOs urge member states to implement Court of Auditors recommendations on blending in upcoming Council Conclusions

Eurodad and several members, including Oxfam International and 11.11.11, have sent a letter to the member states' representatives of the EU Council Working Party on Development Cooperation (CODEV). We are urging them to use the opportunity of the Council Conclusions to ensure implementation of the recommendations of the European Court of Auditors regarding blending mechanisms.  As the EU gears its efforts towards the upcoming negotiations on Financing for Development, civil society ...

blog
EU blending: lessons learnt, or just lip service?

Mathieu Vervynckt

17 Dec 2014 10:36:10

On 12 December, the European Council released its Conclusions on a stronger role of the private sector in development cooperation. Unsurprisingly, there is a heavy focus on the use of financing instruments and mechanisms that use public resources and institutions to ‘leverage’ additional private lending and investment, particularly on ‘blending’ as a tool of development cooperation. (Blending is the use of aid money to subsidise or support public or private sector projects.) However, the Council claims that efforts will be made to improve the development impact of blending operations “on the basis of lessons learnt”. But what will this mean in practice?  Since 2007, the European Commission (EC) has set up eight regional blending facilities to link European aid grants with loans ...
Co-authored by Xavier Sol, Director of Counter Balance  Civil society organisations (CSOs) are cautiously welcoming the European Investment Bank’s (EIB) commitment to review its outdated tax haven policy in the coming year, while calling for ...

blog
European Development Days: Lots of debate, little light shed

Eurodad

06 Dec 2013 14:44:20

‘Blending’ grant aid with public loans to provide cheaper finance for private investments in developing countries was the flavour of the month among European officials at their gargantuan talk-shop known as the European Development Days, which took place in Brussels this week. However, as Eurodad’s recent report has shown, official enthusiasm for these blending mechanisms is based largely on assertions and assumptions, concrete evidence is hard to find. Eurodad is concerned that this hard sell on blending mechanisms obscures more important issues for financing the post-2015 development agenda. Eurodad’s position is that no worthwhile global goals can be met without fundamental changes to the international financial and economic system. This entails key things such as putting an end ...
By Jesse Griffiths, Øygunn Sundsbø Brynildsen, Jeroen Kwakkenbos, María José Romero and Bodo Ellmers The European Commission’s recent accountability report and communication on financing for development highlights the importance domestic resource ...
By Maria José Romero The European Commission (EC) is pushing ahead with its plan to increasingly ‘blend’ development aid with private finance, despite the fact that the Commission’s commitment to development seems weak and civil society groups ...

press
PRESS RELEASE: Profiting at the expense of the poor? New report takes a long hard look at how donor governments and international institutions are using private companies to deliver on global anti-poverty pledges

BRUSSELS, 29 May 2012: A new Eurodad report reveals how donor governments and international institutions are increasingly seeing investing public money in private companies as a panacea for combatting global poverty, despite weak evidence of effectiveness. Eurodad’s report shows that this is far from being a silver bullet.  “Private investment where it’s needed and appropriate can be valuable,” said Eurodad private finance analyst and report author Jeroen Kwakkenbos, “but there is little ...