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IMF challenged to match inequality rhetoric with action, and a campaign against the World Bank’s promotion of PPPs: Annual Meetings round up

Maria Romero, Mark Perera

18 Oct 2017 11:05:05

The annual meetings of the Bretton Woods Institutions (the IMF and World Bank) are over for another year. The meetings in Washington DC were held against a background of strengthened but patchy global economic growth mixed with considerable crisis risks and renewed geopolitical fights over the World Bank’s demand for a capital increase. Meanwhile, civil society organisations (CSOs) questioned the development impact of the Bretton Woods Institutions, and launched a global campaign against public-private partnerships (PPPs). IMF worries about debt (in China) and talks of taxing the rich more The 2017 Annual Meetings were preceded by the publication of the IMF’s World Economic Outlook (WEO), in which the IMF signalled stronger than expected growth forecasts for the global economy in 2017 ...

blog
Hamburg summit: the end of the G20’s days as a “premier forum for international economic cooperation”?

Jesse Griffiths

11 Jul 2017 16:59:06

The strangest aspect of the G20 communiqué, and the part that has dominated media coverage, is the section on the Paris climate agreement.  The strangeness arises not because of the topic – the G20 has always played second fiddle to the UN on climate issues – but because, for the first time, a whole paragraph is devoted solely to one member, the USA, explaining why it doesn’t agree with the others, followed by a paragraph by the others explaining why they will go ahead without the USA anyway, including through agreeing a “G19” action plan on energy and climate for growth.   The climate change issue is a jarring symbol of the G20’s difficulty in reaching agreement. However, the Trump administration’s ‘America first’ stance and resulting lack ...

blog
Blended finance and the new aid rules: a risky mix?

Maria Romero, Polly Meeks

01 Jun 2017 09:40:01

Last week’s UN Financing for Development Forum showed that blended finance – using aid money to mobilise finance from other sources, especially the private sector – continues to top the agenda for many of the big players in development finance.  In fact, upcoming decisions in Paris and Brussels are likely to confirm blending as a much bigger part of Official Development Assistance (ODA) than ever before.  In Paris, the Organisation for Economic Cooperation and Development’s Development Assistance Committee (OECD DAC) will shortly decide on new aid rules that allow greater official support to the private sector, including blending, to be counted as ODA.  Meanwhile in Brussels, the European Commission is currently in the process of negotiating with the European Parliament ...
news
Eurodad statement to Financing for Development Forum at the UN
Addressing the Financing for Development (FfD) Forum at the UN in New York, Eurodad’s Bodo Ellmers made this statement on behalf of the Addis Ababa CSO Coordination Group concerning the failure to address debt crises: “One unfortunate development ...
Bodo Ellmers | 24 May 2017
news
Joint CSO letter to the Ambassadors of European nations at the United Nations, New York
Upcoming vote on UN GA Resolution “Basic Principles on Sovereign Debt Restructuring Processes” (A/69/L.84) Dear Ambassador, On September 10th the international community must take an important step towards better prevention and resolution of sovereign ...
Eurodad | 10 Sep 2015
news
New anti-vulture fund legislation in Belgium: an example for Europe and rest of the world
This is a guest post by Jan Van de Poel, Policy officer with Eurodad member 11.11.11 On Wednesday last week (6 May) all major parties represented in the Belgian federal parliament signed a proposal that will curtail the harmful speculation by vulture ...
Eurodad | 12 May 2015

press
Copenhagen hosts major conference on the future of finance and international development

Thursday April 30 2015 Civil society experts, ministers and ambassadors from five continents will meet in Copenhagen next week (5-7 May) to plan for a crucial UN summit that will decide how to finance international development over the next decade. The conference, organised by the Danish development organisation IBIS and the European Network on Debt and Development (Eurodad), is one of the biggest civil society events taking place ahead of the UN Summit on Financing for Development (FfD) , in ...
Julia Ravenscroft | 30 Apr 2015
news
EU must pull its weight to help create a better global financial system
First published in The Guardian gu.com/p/47k6g/stw. No one said the fight for a better global financial system would be easy. Last week’s negotiations in the UN’s financing for development (FfD) process, which will lead to a high-level conference ...
Maria Romero, Tove Ryding | 30 Apr 2015
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