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State of play as the global Financing for Development Conference opens on Monday

Eurodad

13 Jul 2015 11:57:42

When the third conference on Financing for Development opens on Monday 13 July in Addis Ababa, Ethiopia, there will not be a pre-agreed outcome document on the table. Instead, there is an Addis Ababa Action Agenda – until last week the Addis Ababa Accord – that leaves some major issues unresolved, including whether to establish a new intergovernmental body on tax matters under the auspices of the United Nations.  The intergovernmental tax body, which both developing countries and civil society organisations have been calling for for years, seems to be the last remaining candidate for a major concrete decision to come out of the Addis Ababa conference. And as Eurodad and others have highlighted, there are many reasons why such a tax body could benefit not only developing countries, ...

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Laying bare the true cost of private sector involvement in development

Maria Romero

10 Jul 2015 10:01:33

This article was originally published in the Guardian As leaders convene for a summit that will have far-reaching repercussions for development finance, they must heed the risks of public-private partnerships Next week, world leaders will come together for the financing for development summit in Addis Ababa, where crucial decisions will be taken on how to finance the fight against global poverty for the next 15 years. Many of those dignitaries, particularly those from rich countries and from financial institutions like the World Bank and the European Investment Bank, are planning to push the role of the private sector in development. They will champion public-private partnerships (PPPs) as the right tool to finance the infrastructure projects for which developing countries are crying out. ...
The IMF and World Bank spring meetings, which used to be a major forum for global economic decision making, end today with few concrete outcomes, the Bank under fire for its human rights and environmental record, and the IMF still unable to make any progress ...