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3rd May  2018
Top Story

The EU must put poverty reduction before corporate profits when financing development

On May 2, the European Commission unveiled its proposal for the next EU budget. Its approach to development is controversial among many CSO. One of the reasons for this is that it favours the leveraging of private finance. Read our OpEd on why this is a problematic approach.  

News & Reports

2018 IMF and World Bank Spring Meetings: the Bank has more money, but promises little change

The Spring Meetings of the IMF and World Bank took place amid warnings of a ‘borrowed boom’ as an uptick in global growth was matched by global debt levels reaching record highs. The World Bank Group shareholders stumped up for an increase in the Bank’s capital base, but without challenging the western-dominated nature of the institution, with the G7 countries plus the EU maintaining over half the voting share. In return for the cash, the Bank vowed to increase its ‘cascade’ approach. This puts private finance first, despite harsh criticism by major shareholders and CSOs of its business model, and a renewed call by a broad civil society coalition to abandon its promotion of public-private partnerships (PPPs).


Public-private partnerships don't work. It's time for the World Bank to take action

At this year's Spring Meetings, executive directors of the World Bank were handed a letter signed by more than 80 civil society organisations and trade unions from around the world, urging a change in the Bank’s approach to public-private partnerships.

EU long-term budget short-changes development aid 
Oxfam

Blending Finance Not SDG Financing Silver Bullet IPS News

Eurodad reaction to EU proposal for whistleblower protection

At the end of April the European Commission published its proposal for a directive on the protection of whistleblowers. 
Ministers back down on tax haven company registers BBC News 
The government has agreed to calls for new measures aimed at increasing transparency in offshore tax havens. 
QUOTE OF THE WEEK

(...) governments should put in place the right framework of legislation, regulation and incentives, to make sure commercial considerations are not to the detriment of sustainability and human rights, and that private investors proactively contribute to poverty alleviation and broader development goals such as gender equality.  
 
María José Romero, Policy and Advocacy Manager at Eurodad
 Isabelle Brachet, ActionAid International EU Advocacy Advisor
Job opportunities


Bretton Woods Project: Communication Manager
Bretton Woods Project is seeking a Communications Manager to work collaboratively with the team to provide strategic leadership and management of the organisation’s communications and outreach work.

ECDPM: Policy Officer, Junior Policy Officer
ECDPM is looking for two policy officers for the Economic and Transformation Programme.
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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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