Private
finance
Debt
Tax
justice
Aid
Financial
architecture

Search by publisher


Display by category

Search results

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 ...

blog
Financing for development or for private interests?

Mathieu Vervynckt

13 May 2015 10:32:54

This blog was first published in Dutch on Vice Versa Magazine How can investments in and for the private sector contribute to development cooperation? This is more or less the key question on the agenda during the current Financing for Development (FfD) negotiations in New York. According to the European Union (EU), the answer lies with the risky use of public resources as a catalyst for private investment. However, this outsourcing of development cooperation to the private sector is accompanied by a serious lack of evidence about the real development impact, transparency, accountability and developing country ownership.   In a way, you have to give the EU credit. By means of a well thought-through communication strategy, the EU has managed to place private finance at the heart of the ...

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 ...

press
Reaction to Council Conclusions on a stronger role of the private sector in development cooperation

ACTIONAID – EURODAD – OXFAM12 December 2014 - Media reaction  EU governments’ fixation with private sector could compromise commitment to people in poverty  Today EU Development Ministers agreed to boost the role of the private sector in development cooperation. Leading international NGOs ActionAid, Eurodad and Oxfam recognise the important role businesses can play in reducing poverty, but argue that placing the private sector at the centre of EU development policy shows ministers ...

press
Call for review of unaccountable institutions channelling public money into private sector projects in developing countries

Eurodad demands developing country-led investigation as Development Finance Institutions set to invest $100 billion in the private sector by 2015 Thursday 10th July 2014 Some of the world’s biggest public institutions which use billions of euros of public money to support private sector projects in developing countries are unaccountable, shadowy organisations that often favour Western-based companies and exclude the countries they are supposed to support from decision making, a report released ...
The first High Level Ministerial (HLM) of the Global Partnership for Effective Development Cooperation (GPEDC) ended on 16 April in Mexico City with mixed messages and a glut of new voluntary initiatives.  This was the first global meeting of the ...