Private
finance
Debt
Tax
justice
Aid
Financial
architecture

Search by publisher


Display by category

Search results

blog
World Environment Day: a good time to reflect on unintended consequences

Martin Atkin

04 Jun 2017 22:15:36

Few would disagree with protecting our fragile and increasingly under-pressure environment, nor with the joys of getting back to nature - especially since more than half of us are now urban dwellers. This year’s World Environment Day urges us to reconnect to the natural world around us, suggesting a stroll in the park or a day on the beach - if you are lucky enough to live near one. As the organisers point out, we are all part of nature and we all intimately depend on it. The call to reconnect with nature will, however, have a hollow ring for countless people in developing countries whose own natural resources and livelihoods have been put at risk by harmful business practices and investments. You don’t have to look far to find examples of communities and ecosystems suffering from the ...

blog
Why a free press is vital for exposing financial injustice.

Martin Atkin

03 May 2017 09:13:38

As Antoine Deltour and Raphaël Halet - better known as the Luxleaks whistleblowers - prepare for the next legal battle to clear their names, it’s worth remembering that it was only thanks to the much-vilified “mainstream media” that the tax avoidance scandal was exposed. Leaked documents do not make a story by themselves - it also takes independent, determined journalism. The two former PwC employees are appealing against revised sentences handed down by a Luxembourg court for their part in exposing how multinational corporations used secret tax deals with the Grand Duchy to dodge taxes around the world. Although the court reduced their original punishments, the pair are fighting to clear their names altogether. But the whistleblowers deserve praise – not punishment. They were prosecuted ...
Those of you who followed the Financing for Development (FfD) conference in Addis Ababa this July will have noticed that the Addis Ababa Action Agenda embraced private finance as a central tool to finance the recently endorsed post-2015 Sustainable Development ...

blog
Assessing the performance of Development Finance Institutions

Mathieu Vervynckt

01 Jul 2015 10:57:27

Delivering development results is the mandated raison d’être of Development Finance Institutions (DFIs). Without these results, DFIs have no reason to exist as they might as well be replicating the work of commercial institutions. As a result, it won’t surprise anyone that DFIs are facing constant pressure by governments, tax payers, civil society organisations and the communities where they work to demonstrate their achievements in reducing poverty and inequality. But this has proven to be easier said than done.  Monitoring and evaluation Effective monitoring and evaluation (M&E) systems incorporated into DFI projects allow them to identify what changes – especially benefits – have been achieved either directly or indirectly through their activities and investments, and to ...
The watchdog of the International Finance Corporation (IFC), the World Bank’s private sector lending arm, has released a new report into the IFC’s lending to banks and equity funds, prompting civil society to renew calls for urgent reforms. ...

press
Billions of euros intended for projects in developing countries routed through the world's most secretive financial centres

New Eurodad report investigates private sector support by European Development Finance Institutions  Tuesday November 4th  Billions of euros intended for projects in developing countries are being routed through tax havens and are shrouded in secrecy, according to a new report released today (Tuesday November 4th). The report, Going Offshore, examines support given to private sector companies by Europe’s biggest Development Finance Institutions (DFIs) and the International Finance ...
This year’s annual meeting of the World Bank (WB) and the International Monetary Fund (IMF), on October 10-12, coincided with the 70th anniversary of both institutions. But it was not a happy party with global economic storm clouds looming, a growing ...