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New discussion paper shows how IFIs and donors continue to influence economic policies in developing countries

Eleven years ago, the international community adopted the Paris Declaration on Aid Effectiveness. Reflecting on the widely criticised fact that creditors impose often harmful and inadequate conditionality on borrowers, it notably acknowledged the need for more country ownership.......Despite this (and subsequent) agreements by the international community, which were endorsed by the World Bank, the IMF and the European Commission, those institutions continue to have considerable influence over economic policymaking in developing countries. 

Click here for the full discussion paper. 

Report



The dark side of EIB funds: How the EU’s bank supports non-transparent investment funds based in tax havens
Counter Balance has launched a report that critically analyses a little-known part of the European Investment Bank (EIB)’s operations: its use of private equity funds.

The report presents a number of statistics and facts about recent investment funds financed by the EIB during the period 2011-2015.

The main findings are that:
– The EIB supports private equity funds incorporated in tax havens and problematic jurisdictions;
– There is a systematic lack of transparency involved in these types of operations, both from the EIB and the investment fund’s side;
– Cases of conflicts of interests and revolving doors are frequent since several fund managers previously worked for the EIB or other international financial institutions.
 

Report



Letting the Public In: Opportunities and Standards for Open Data on Beneficial Ownership, Country-by-Country Reporting and Automatic Exchange of Financial Information
The Financial Transparency Coalition has launched a new working paper, Letting the Public In, which explores what it means to have information in open data formats, how to develop ‘gold standards’ that governments can adhere to, and what a data revolution can mean for financial transparency and illicit financial flows. 

Looking at beneficial ownership, country-by-country reporting for multinational corporations and the automatic exchange of financial information, the study and accompanying policy brief provide new standards for the influx of data and information.

You can download a policy brief here. 

 

 

 

What’s New

EVENTS
Eurodad Director Jesse Griffiths will be speaking at the Overseas Development Institute (ODI) conference: 'Where next for Development Effectiveness? He will be speaking on a panel titled: Do development effectiveness principles apply to the private sector?

When: 18 October 2016
Where: ODI, London. 

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The International Conference on responsible taxation in development finance, organised jointly by Eurodad and Oxfam IBIS concludes a three-year project on establishing responsible tax standards for Development Finance Institutions.

When: 10 November 2016
Where: MCE Conference and Business Centre, Rue l’Aqueduc 118, Brussels.

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Reality of Aid and the OECD DAC Secretariat are organising a DAC-CSO Roundtable on the Future of Aid, back to back with a Soft Launch of the RoA Report on Technical Cooperation.

When: 11 October  2016
Where: OECD Conference Centre Auditorium, 2 rue Andre Pascal, 75775 Paris Cedex 16.


NEW STAFF
Jasper de Meyer has joined Eurodad as Policy and Advocacy Officer on Tax Justice. He carries out policy research, analysis and advocacy on global tax issues, with a special focus on the European Union. 




 
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