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Hamburg summit: the end of the G20’s days as a “premier forum for international economic cooperation”?

Jesse Griffiths

11 Jul 2017 16:59:06

The strangest aspect of the G20 communiqué, and the part that has dominated media coverage, is the section on the Paris climate agreement.  The strangeness arises not because of the topic – the G20 has always played second fiddle to the UN on climate issues – but because, for the first time, a whole paragraph is devoted solely to one member, the USA, explaining why it doesn’t agree with the others, followed by a paragraph by the others explaining why they will go ahead without the USA anyway, including through agreeing a “G19” action plan on energy and climate for growth.   The climate change issue is a jarring symbol of the G20’s difficulty in reaching agreement. However, the Trump administration’s ‘America first’ stance and resulting lack ...

blog
Blended finance and the new aid rules: a risky mix?

Maria Romero, Polly Meeks

01 Jun 2017 09:40:01

Last week’s UN Financing for Development Forum showed that blended finance – using aid money to mobilise finance from other sources, especially the private sector – continues to top the agenda for many of the big players in development finance.  In fact, upcoming decisions in Paris and Brussels are likely to confirm blending as a much bigger part of Official Development Assistance (ODA) than ever before.  In Paris, the Organisation for Economic Cooperation and Development’s Development Assistance Committee (OECD DAC) will shortly decide on new aid rules that allow greater official support to the private sector, including blending, to be counted as ODA.  Meanwhile in Brussels, the European Commission is currently in the process of negotiating with the European Parliament ...
Addressing the Financing for Development (FfD) Forum at the UN in New York, Eurodad’s Bodo Ellmers made this statement on behalf of the Addis Ababa CSO Coordination Group concerning the failure to address debt crises: “One unfortunate development ...
Upcoming vote on UN GA Resolution “Basic Principles on Sovereign Debt Restructuring Processes” (A/69/L.84) Dear Ambassador, On September 10th the international community must take an important step towards better prevention and resolution of sovereign ...
This is a guest post by Jan Van de Poel, Policy officer with Eurodad member 11.11.11 On Wednesday last week (6 May) all major parties represented in the Belgian federal parliament signed a proposal that will curtail the harmful speculation by vulture ...

press
Copenhagen hosts major conference on the future of finance and international development

Thursday April 30 2015 Civil society experts, ministers and ambassadors from five continents will meet in Copenhagen next week (5-7 May) to plan for a crucial UN summit that will decide how to finance international development over the next decade. The conference, organised by the Danish development organisation IBIS and the European Network on Debt and Development (Eurodad), is one of the biggest civil society events taking place ahead of the UN Summit on Financing for Development (FfD) , in ...
First published in The Guardian gu.com/p/47k6g/stw. No one said the fight for a better global financial system would be easy. Last week’s negotiations in the UN’s financing for development (FfD) process, which will lead to a high-level conference ...

blog
Experts warn human rights watchdog on rising activity by vulture funds

Eurodad

26 Mar 2015 11:11:22

By Aldo Caliari, Center of Concern At its 14th session, last February, the Human Rights Council Advisory Committee (“the Advisory Committee”) addressed for the first time the impacts of so-called vulture funds on human rights. “Vulture fund” is a generic name used to designate financial entities that use as a profit-making strategy the purchase of distressed debt owed by a sovereign debtor – that is, a State- on the cheap with the purpose of suing for the full amount once conditions for repayment improve. In a resolution adopted last September, the Human Rights Council entrusted the Human Rights Council Advisory Committee with the preparation of “a research-based report on the activities of vulture funds and the impact on human rights.” In preparation of that report it requested ...