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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 ...

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. ...

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 ...
Last week the EuroIFI network – a European network of IFI (International Financial Institutions) watchers – met in Brussels for its 24th biannual meeting. The meeting was hosted by EuroIFI member CNCD – 11.11.11, a coalition of non-governmental ...

CSO letter to IFC calls for immediate review of policy on tax havens

As a response to a recently published World Bank report on the first year of implementation of its policy on the use of offshore financial centres, several civil society organisations, including Eurodad, have sent a letter to IFC Executive Vice President Jin-Yong Cai to call for far greater transparency and an immediate and fundamental review of its policy on tax havens. Signatories of this letter believe that the report, which is only one-page long, is highly inadequate, as it fails to include the ...