Development Finance Watch- Issue 69

Eurodad Newsletter March 10, 2011 - Issue# 69   European Network on Debt and Development DEVELOPMENT FINANCE WATCH

 

Top Story » Setting the pace towards Busan The Fourth High-Level Forum on Aid  Effectiveness  in Busan (HLF4) in November is a critical moment for the future of development cooperation. It is a chance for the development community to not only assess the progress it has made against the Paris and Accra aid reform commitments, but also to build upon them by agreeing to bolder and more comprehensive reform of development cooperation in order to maximize its support for the world’s poorest people.    read more   Report» Bringing the billions back: how Africa and Europe can end illicit capital flight   Eurodad member Forum Syd has recently published the report "Bringing the billions back: how Africa and Europe can end illicit capital flight". This is a comprehensive compilation of existing facts about capital flight from developing countries, intended to motivate decision makers, journalists and NGOs to act.   read more Report» Tax Us If You Can: Why Africa should stand up for tax justice A report recently released by Tax Justice Network- Africa titled "Tax Us If You Can: Why Africa should stand up for tax justice" addresses both domestic and international challenges facing African countries in their efforts to raise domestic resources to finance development.    read more Report» Development funds for the private interest? 10 Frequently Asked Questions   Development Finance Institutes (DFIs) are a primary mechanism for the delivery of bilateral private sector finance to developing countries, but what do we really know about them? Who do they work for? Where does their money come from? Where does it go? Find the answer to all these questions and more with this FAQ on publicly backed private sector development funds.   read more News» All the biggest Spanish companies use tax havens, says a new NGO report   A recent report by the Spanish observatory on Corporate Social Responsibility, which comprises several civil society organisations, reveals that ALL companies listed in the Spanish stock exchange operate directly or indirectly through jurisdictions which are considered opaque by the Financial Secrecy Index of Tax Justice Network. read more Blog» Getting to the bottom of the EC's 'expert groups' As European NGOs are gearing up advocacy to make sure the European Commission comes out with strong proposals  to support a country by country reporting standard for European companies operating outside the EU, Eurodad came across the existence of an interesting species of EU advisory body: the so-called “ expert groups ”. read more Blog» Sovereign debt speculation: the beginning of the end?   A new EU regulation accepted this week by the European Parliament could relieve countries in debt crises from the additional blow of sovereign debt speculation.   read more   News» IMF serious about measuring conditionality impacts? A new academic paper published in the International Journal of Health Services in January finds that countries with IMF programmes failed to increase public health spending when receiving additional health aid.   read more News» PRESS RELEASE: Strong call for Greek Debt Audit   On March 3, more than 200 prominent Greek and international figures launched a call to audit Greece’s debts. Economists, activists, academics and parliamentarians from across the world are demanding the establishment of a Public Commission to examine the debts that lie at the root of Greece’s crisis.   read more

What's New   Issue #69    March 10, 2011 ACTION ALERT Take action for a fair selection of the next IMF director   1) Send this letter to your government asking for a fair selection process of the next IMF Managing Director. 2) Send your organisational endorsement to jgriffiths (at)brettonwoodsproject.org Support the call for a debt audit in Greece! This call is already being talked about all over Greece. You can support the initiative for a debt audit by signing the statement, and by encouraging prominent public figures to do so. Take action: End tax haven secrecy Join this new global campaign calling on G20 leaders to end tax haven secrecy!   FEATURED MEMBER Forum Syd gathers two hundred Swedish organisations working on international development cooperation and advocacy on global issues. FACTS AND FIGURES "Tanzania lost approximately U$S 36 million in revenue due to illicit means and trade mispricing between 2005 and 2007." - Bringing the billions back IN THE MEDIA Eurodad calls for independent audit of Greek debt 80% of Spanish firms operate via tax havens Most climate funds to vulnerable countries are to be grants not loans  IN ACTION Bodo Ellmers spoke at a Panel discussion on aid effectiveness for development in Brussels on 4th March. EVENTS CSO meetings on aid and development effectiveness, Härnösand, Sweden, 14th- 16th. VACANCIES Research assistant (paid internship) - Bretton Woods Project FYI 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     FOLLOW EURODAD ON TWITTER!

 

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