Private
finance
Debt
Tax
justice
Aid
Financial
architecture

Search by publisher


Display by category

Search results

blog
IMF and World Bank Spring Meetings: drifting off course as multilateralism faces headwinds.

Bodo Ellmers, Maria Romero

25 Apr 2017 09:05:58

The 2017 spring meetings of the IMF and World Bank, which also included the second edition of the Global Infrastructure Forum, took place against the uncertainty generated by geopolitical changes such as the election of President Trump in the US and the formalisation of the UK’s exit from the European Union. A draft budget proposal by President Trump, released in the run-up to the Spring Meetings, overshadowed last week's discussions as it suggests that instead of getting a capital increase, the World Bank will experience a substantial cut in its funding from its main shareholder. Meanwhile, civil society organisations (CSOs) voiced their concerns about how far the Bretton Woods Institutions are from serving development objectives. Systematic and concerned focus on private finance. ...

press
Trade Unions and campaigners around the world accuse the World Bank of encouraging dangerous hidden debts, boycott consultation on Public Private Partnerships (PPPs)

• The boycott was launched after the World Bank ignored repeated calls for the Bank to stop promoting PPPs that contain dangerous hidden debts. • Most governments leave these costs out of the accounting books, which can lead to crippling hidden debt – especially damaging for world’s poorest countries. • See ‘Notes to Editors’ for examples of disastrous PPPs. 27 February 2017 Trade unions and campaigners from around the world are boycotting the latest World Bank consultation on PPPs, ...
331 CSOs, including Eurodad, have sent a letter to decision-makers ahead the fourteenth session of the United Nations Conference on Trade and Development (UNCTAD), taking place in Nairobi next week. The letter urges UNCTAD member states to preserve ...
The CSO Financing for Development group has published an open letter to challenge the current attempts by UN Economic Commission for Europe (UNECE) to define international standards on public-private partnerships (PPPs). Please find the full ...
In a submission this week, Eurodad together with more than 50 members and partners from the North and South commented on the draft framework suggested by the World Bank Group on disclosure in public-private partnerships (PPPs).  Read the full submission ...
This article was originally published in GREAT Insights Magazine, Volume 4, Issue 5. August/September 2015. Policy debates on development finance have been dominated by how to ‘leverage’ international private capital flows for development projects, ...

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
European Parliament must tackle serious concerns following flawed workshop on private sector in development

Mathieu Vervynckt

13 Mar 2015 11:54:28

On 5 March, I attended a workshop organised by the European Parliament (EP) Committee on Development. It was part of the preparation process for a forthcoming report on the role of the private sector in fostering sustainable development that will be published ahead of the pivotal Financing for Development conference in Addis Ababa. Chaired by the report’s rapporteur, MEP Nirj Deva, and attended by Eurodad and many other civil society organisations (CSOs), the workshop had the potential to offer an opportunity for discussion about the benefits and challenges of engaging the private sector in development cooperation. However, in practice it turned out to be an opinionated discussion that looked mostly at the rewards of private finance, but turned a blind eye towards its problems. The workshop ...
There was plenty of talking during the recent Spring Meetings of the World Bank and International Monetary Fund, but in the end there were few surprises. Eurodad joined other Civil Society Organisations (CSO) in once again challenging the institutions ...