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Crunch time for the OECD’s new aid rules?

Polly Meeks

25 Apr 2017 10:12:03

Blink and you might miss it: but a seemingly low-key meeting of the Organisation for Economic Cooperation and Development (OECD) Development Assistance Committee (DAC) officials this week could signal one of the biggest changes in decades to the way that donors think about aid.  That’s because tomorrow’s meeting [April 26] could be decision time on the rules governing ‘private sector instruments’ (PSIs). The proposed rule changes would allow donors to count more of their investment in, and other support to, private sector companies as aid, if those companies are doing business in developing countries, and if certain conditions are met.  Civil society, from both North and South, has been warning of risks in these proposed changes for months. To be clear: our concerns aren’t ...

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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. ...