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19th April  2018
Top Story

IMF & World Bank Spring Meetings: More than 80 CSOs sign open letter to Executive Directors on World Bank's approach to PPPs 

89 CSOs call for a moratorium on funding, promoting or providing technical assessment for PPPs until an independent review into the development outcomes of the Bank's PPP portfolio is completed. This should include accumulated off-balance sheet debts, and human rights and environmental impacts. 

News & Reports

European Parliament sounds the alarm over developing world debt crisis

The number of poor countries facing major debt crises has doubled since 2013, and only 1 in 5 are now considered to be at low risk of crisis. With some countries in the midst of crisis and others on the brink, meeting the Sustainable Development Goals (SDGs) remains a pipe dream, writes Mark Perera.
 

European Parliament demands EU action as debt crises “ravage” developing countries

Campaigners are backing calls for the EU to act following the adoption of a damning report by the European Parliament that lays bare the growing debt crisis in developing countries.
 

2017 development aid figures: A half empty mixed bag

Last week the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) released their preliminary figures on the amount of Official Development Assistance (ODA), or development aid, raised in 2017. The results are a mixed bag.


IMF conditionality: still undermining healthcare? 

Last year, the IMF tried to counter long-running accusations that its programmes damage health outcomes in developing countries, but the independent evidence points in the opposite direction. The question is whether the IMF will use this year’s reviews of its lending to switch approach and start helping Sustainable Development Goal (SDG) three to “ensure healthy lives and promote well-being for all at all ages.”

Financing for Development and the SDGs. An analysis of financial flows, systemic issues and interlinkages.

It is clear that significant reforms of the global financial and economic system are needed if the promise of the SDGs is to be met. This paper examines the features of different development financing sources, systemic issues in the global economy and the way it is governed, and sets out a programme of reform for developed country policymakers.
 
QUOTE OF THE WEEK

Unsustainable debt burdens risk jeopardising the entire 2030 Development Agenda, to which the EU has firmly committed itself. With 12 years left, and a developing world debt crisis already in motion, that commitment needs urgently to be acted upon.      
Mark Perera,
Senior Networking and Advocacy Manager at Eurodad
Useful Resources
A toolkit for advocacy at the United Nations
 
Eurodad has released its UN advocacy toolkit for CSOs working primarily on debt issues. Its modules explain the main advocacy options, and provide useful information for CSOs wanting to influence the UN as a key body to create greater financial justice. 

The toolkit is available in both full and short version.
A toolkit for advocacy at the International Monetary Fund
 
This toolkit is intended to be an accessible resource for any organisation that wants to begin or step up its advocacy towards the IMF. Given the bearing that the IMF has on how able the Global South will be to finance and achieve the Sustainable Development Goals, it is critical for CSOs to contribute their voices to its work.

 

Whose aid is it anyway? Euractiv

2018 Global Sovereign Debt Monitor Erlassjahr.de
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This newsletter has been produced with the financial assistance of the European Union under the 'Raising public awareness of development issues and promoting development education in the European Union (DEAR)' programme. The contents of this publication are the sole responsibility of Eurodad and can under no circumstances be regarded as reflecting the position of the European Union.






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