Private
finance
Debt
Tax
justice
Aid
Financial
architecture

Search by publisher


Display by category

Search results

blog
The escalating costs of Public-Private Partnerships in the UK (II): who will pay the bill?

Cecilia Gondard

14 Nov 2019 13:47:51

This is the second of two blogs on PPPs in the UK. Read the first part here. Proponents of public-private partnerships (PPPs) often cite “risk sharing” as a benefit of PPP contracts, as it allows for “costs-sharing” and “profit-sharing” between the public and private entities. The recent figures on the escalating costs of PPPs in the UK, however, paint a much clearer picture of who is actually paying the bill and who truly benefits.  Taxpayers are paying the bill. Investigations revealed that, as of September 2019, by the end of UK PFI deals, these will have triggered additional costs of £5bn from the public sector budget– and therefore, taxpayers’ money. As Unite assistant general secretary Gail Cartmail pointed out that “PFI schemes cost taxpayers billions of pounds.”  ...

blog
The escalating costs of public-private partnerships in the UK (I)

Cecilia Gondard

13 Nov 2019 11:33:37

This is the first of two blogs looking at PPPs in the UK. Read the second part here A team of investigative journalists linked to UK media iNews have undertaken an in-depth investigation into the scandal of private finance initiatives (PFI) – the British term for Public Private Partnerships or “PPPs – in the UK. The resulting series of articles detail alarming numbers on how much of taxpayers’ money is being sunk into PPPs. The investigation comes nearly two years after the collapse of Carillion, a construction giant involved in many PPPs within the UK and Ireland. The incident drew attention to the large number of PPPs in the UK along with the huge overall burden they place on the public budget. The figures surrounding the PPP costs scandals raise the key question of “who pays ...

blog
A new European Commission: What are the implications for Development Finance in the next five years?

Following the European elections in May, former German defence minister Ursula von der Leyen has assumed the role of President-elect of the European Commission. In July, von der Leyen, the first woman to take this post, released a concept paper titled “A Union that strives for more” and on Tuesday this week she unveiled the names of the new Commissioners.  And with these releases, the policy agenda of the next European Commission, mandated to govern until 2024, is slowly taking shape. In response, we ask what are the implications for development finance?    Sustainable financing for sustainable development?  Sustainable development rhetoric scores highly on von der Leyen’s policy agenda, but the devil lies in the detail. The concept paper outlines “a strategy for ...

blog
Les ONGs veulent des engagements clairs sur le volet développement des prochaines négociations budgétaires européennes

Cecilia Gondard

28 Jun 2019 14:01:45

Le prochain budget de l'UE (2021-2027) est en cours de négociation. En avril, le Parlement européen a confirmé sa position sur Instrument de voisinage (NDICI), de coopération au développement et de coopération internationale, qui déterminera la coopération au développement de l'UE sur cette période. La position du Parlement européen contient des dispositions cruciales pour garantir que l'instrument soit à la hauteur pour  remplir sa mission d’éradication de la pauvreté, de réduction des inégalités et de soutien du développement durable.  La semaine dernière, Eurodad et Concord ont envoyé une lettre au Conseil de l’UE et à ses États membres les exhortant à suivre la direction du Parlement dans leurs négociations sur l'instrument NDICI. La lettre s'appuie ...

blog
CSOs call for a clear development commitment in the next EU budget negotiations

Cecilia Gondard

27 Jun 2019 15:55:06

The next EU budget (2021-2027) is under negotiation. In April the European Parliament confirmed its stand on the Neighbourhood, Development and International Cooperation Instrument (NDICI), which will determine EU development cooperation during this period. The Parliament’s position includes crucial provisions to ensure that the instrument is up to the task of eradicating poverty, reducing inequalities and supporting sustainable development. Last week Eurodad and Concord sent a letter to the European Council and its Member States urging them to follow the Parliament’s direction in their negotiations of the NDICI instrument. The letter builds on a 10-point position paper that Eurodad and Concord developed last year on the European Fund for Sustainable Development plus (EFSD+), ...

blog
Civil society organisations call for the World Bank to reconsider its policy advice on public-private partnerships

Cecilia Gondard

03 May 2019 16:01:01

Over the years the World Bank has developed a number of “guidance tools” on public-private partnerships (PPPs) aimed to support public authorities to implement PPP projects. One of them is the Guidance on PPP Contractual Provisions, which support developing country authorities to draft PPP contracts. Earlier this year the World Bank opened the 2019 version of this document for public consultation. As a response, 20 civil society organisations (CSOs) including Eurodad members and partners from the global north and south and signatories of the PPP manifesto campaign supported a submission to the Guidance on PPP Contractual Provisions.  The submission was developed by legal experts at Foley Hoag, the International Institute for Sustainable Development, and the Observatory for Sustainable ...

blog
Eurodad in Action at the UN Financing for Development Forum

Bodo Ellmers, Tove Ryding, Cecilia Gondard

24 Apr 2019 17:19:29

The United Nations convened in New York last week for the Financing for Development Forum. While the outcome document has been negotiated in advance, the Forum itself offered lots of opportunities to discuss what change we need to finance the sustainable development goals. Eurodad staff and members as well as the broader Civil Society Financing for Development Group made extensive use of these opportunities. Here is a wrap-up of the highlights which ranged from policy debates on aid, debt, tax and private finance to the first ever – but probably not the last – Civil Society Debt Workout.  Eurodad at the #FfDForum

blog
Challenges rise fast, reforms proceed slowly as political blockades remain an issue – Spring Meetings round-up

Finance ministers from around the world gathered in Washington DC last week for the IMF and World Bank spring meetings. Held amid an economic downturn and emerging risks of a new round of debt crises, the key task was to discuss how the two organisations can be made more effective to address these challenges, which threaten to affect people’s lives and derail progress toward development goals.  A gloomy scene for development A dramatic scene was set by the IMF’s flagship publication, the World Economic Outlook, which underlined rising inequality, while revising projections for the global economy down. Economic growth is now expected to slow to 3.3 per cent in 2019, a reduction of 0.4 per cent as compared to their overoptimistic projections from last year.  When economic growth ...
French Court of Auditors’ annual report reiterates failure of public-private partnershipsIn its recent annual report, the French Court of Auditors pinpoints cases of failed public-private partnerships (PPPs) once again. The report  provides ...

blog
The World Bank President we want: a time for new thinking on development finance

Maria Romero, Cecilia Gondard

17 Jan 2019 14:07:06

First published by Development Finance International  When Harvard-trained global health leader Jim Yong Kim took office as World Bank President in 2012, many thought he would put locally-anchored sustainable development and accountability at the centre of the World Bank’s approach. However, a critical look at his tenure, and his new workplace, raise many red flags. Now that most headline news is about the role Ivanka Trump will play, who the US nominates and the timeframe for nominations – which kick off in three weeks – it is crucial to clarify: who needs to be at the helm of the World Bank for the institution to serve its development mandate? And what kind of process, and eventually president, will serve to raise the legitimacy of the institution? Kim’s departure has been a ...