Development Finance Watch Issue 64

Eurodad Newsletter December 16, 2010 - Issue# 64   European Network on Debt and Development DEVELOPMENT FINANCE WATCH

 

Top Story » A confused economy: multinationals, tax havens and embezzlement The "Regulating finance for development" group, which consists of six European NGOs: BWP, CRBM, Eurodad, Glopolis, WEED and CCFD, today launch a report “L’économie déboussolée, multinationales, paradis fiscaux et captation des richesses” – “A confused economy, multinationals, tax havens and embezzlement”, currently available in French, but soon to be available in English.   read more     News» Eurodad response: Draft report of the 16th replenishment of the World Bank International Development Association   While Eurodad welcomes IDA’s focus on the following issues: improving effectiveness, stepping up efforts to deliver development results and climate change, we are concerned that the document lacks specific commitments to ensure progress on these fronts. read more     Report» A Global Justice Perspective on the Irish EU-IMF Loans: Lessons from the Wider World A new publication from Eurodad member Debt and Development Coalition Ireland (DDCI) outlines lessons from the global debt justice movement, provides a background to the Irish EU‐IMF loans (up to the 28th November 2010), and offers some recommendations based on these lessons from DDCI. It also flags up recommendations from other groups. read more     Blog» Cancun - Handing over the planet to the World Bank?   One could be forgiven for assuming that it would be, beyond reasonable doubt, in all of our immediate interests to take all the necessary measures to urgently salvage the planet we live on- to ensure that there actually is a planet for our kids and their kids and their kids to live on. I mean there aren’t that many planets to go around. This is not rocket science you will say. read more     Report» New Counter Balance report: Hit and run development The new Counter Balance report ‘Hit and run development - Some things the EIB would rather you didn't know about its lending practices in Africa, and some things that can no longer be covered up’ reveals how the European Investment Bank’s use of intermediated loans and private equity funds facilitates corruption and tax evasion. read more

What's New   Issue #64    December 16, 2010 Please note that the next issue of Development Finance Watch will be sent out on January 13th 2011. Eurodad wishes you a happy new year! ACTION ALERT Repaying debt diverts funds away from essential services for the poor in developing countries. Send this letter to your MEP urging them to push for an international mechanism to deal effectively with sovereign debt problems. FACTS AND FIGURES Nigeria receives 2.7 billion euros in ODA, yet sees 12.8 billion euros in capital fly back out every year. - Source, new report by CCFD. FEATURED MEMBER  Debt and Development Coalition Ireland (DDCI) is composed of organisations and individuals who share a deep concern about the injustice of the debt crisis and a commitment to work together for an effective, fair and speedy solution to the crisis.   QUOTE "It is the rich who, from time to time, decide to increase the amount of taxes, but it is the poor who pay for them. It is a scandalous crime!" -Salvien de Marseille, priest from 16th Century, quoted in a new report by CCFD. EURODAD IN ACTION Recent staff advocacy activities: Nuria Molina and Nora Honkaniemi attended the  2010 PNoWB Annual Conference on the 2-4 December 2010 in Brussels, Belgium. Nuria Molina presented on  pro poor policies for development finance.     Nuria Molina attended a press conference in Paris to launch the CCFD- Earth Solidarity report “A confused economy, multinationals, tax havens and embezzlement”.   Eurodad, CNCD and the Task Force on Financial Integrity and Economic Development organised a successful conference “Fighting illicit flows from developing countries. What next for the EU agenda?” in Brussels on 7 and 8 December.   Bodo Ellmers gave a speech at the event “From Aid to Development Effectiveness. The Road to Busan” at the European Development Days. He also participated in the consultation on the “Green Paper on the Future of EU Budget Support to third countries” organised by the European Commission.  IN THE MEDIA  Nuria Molina wrote a piece on the IFIs and their impact on poverty reduction for The European (ENG) (GER)   Nora Honkaniemi was quoted in various media commenting on the replenishment of the World Bank's International Development Association.     VACANCIES Organisation: Eurodad - Policy and Advocacy Officer Brussels, Belgium Organisation: Eurodad - Events, Communications, Research and Office management Intern Brussels, Belgium Organisation: Oxfam GB - Policy Adviser - Essential Services and Development Finance, London, UK   Read the pdf version of this newsletter.  If you have feedback on articles, suggestions of content for future issues or other thoughts, please write to: assistant@eurodad.org.

 

We encourage our readers to circulate this newsletter to interested colleagues. If you have problems downloading from the web and would like to receive mentioned documents as an e-mail attachment, please contact assistant@eurodad.org.   Eurodad’s articles are also available for re-use in other publications with reference to the original source. EURODAD is a non-profit organisation (ASBL/VZW) based in Belgium. For a list of EURODAD member groups across Europe, or to join, see www.eurodad.org/members

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