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UN Financing for Development Forum: private sector eats cake while developing countries fight for crumbs.

Bodo Ellmers

31 May 2017 10:21:08

Last week’s United Nations’ Financing for Development Forum in New York was notable for being the first major event to admit in a formal outcome document that at the current pace, the Sustainable Development Goals will not be reached. The Forum - which deals with all aspects of finance and the financial architecture that regulates finance - planned to push reforms that would make finance work for development. Progress was meagre however, as political blockages still need to be overcome.   The outcome document of the 2017 Financing for Development (FfD) Forum paints an alarming picture: “The current global trajectory will not deliver the goal of eradicating poverty in all its forms and dimensions by 2030”. A key reason is the lack of adequate funding for the SDGs. While there ...
news
10 reasons why everybody needs a global tax body
As the final round of negotiations take place in New York ahead of the third international Financing for Development Conference, Eurodad, along with thirty other civil society organisations, has signed a briefing outlining “10 reasons why everybody ...
Eurodad | 18 Jun 2015

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 ...

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
news
IMF and World Bank spring meetings: missing the big picture?
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 ...
Jesse Griffiths, Tiago Stichelmans | 19 Apr 2015
news
"Leveraging Effective Development Cooperation (EDC) to mobilize existing resources for development and enhance private finance for sustainable development."
Eurodad recently made a submission to a discussion hosted by the Global Partnership for Effective Development Cooperation (GPEDC) on "Leveraging Effective Development Cooperation (EDC) to mobilize existing resources for development and enhance private ...
Jeroen Kwakkenbos | 30 Mar 2015
news
Report from the World Social Forum: With people power, we can achieve change
Report from the workshop on Tax Justice and Financing for Development25th March 2015 Activists from trade unions, the climate movement, Action 2015 and the campaign for a Financial Transaction Tax (FTT) took part in the Tax Justice and Financing for Development ...
Julia Ravenscroft | 27 Mar 2015

press
CSOs urge member states to implement Court of Auditors recommendations on blending in upcoming Council Conclusions

Eurodad and several members, including Oxfam International and 11.11.11, have sent a letter to the member states' representatives of the EU Council Working Party on Development Cooperation (CODEV). We are urging them to use the opportunity of the Council Conclusions to ensure implementation of the recommendations of the European Court of Auditors regarding blending mechanisms.  As the EU gears its efforts towards the upcoming negotiations on Financing for Development, civil society ...
Eurodad | 18 Feb 2015
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