Development Finance Watch - Issue 70

Eurodad Newsletter March 24, 2011 - Issue# 70   European Network on Debt and Development DEVELOPMENT FINANCE WATCH

 

Top Story » Partial victory: the European Council supports country-by-country reporting Last week, the European ministers made a call to establish a country-by-country reporting standard for multinational companies in the extractive sector – a much needed first step to curb tax evasion and avoidance in poor countries. This decision follows groundbreaking reports by the European Parliament to enhance global tax policies which would allow mobilising further development finance to meet internationally agreed development goals.   read more   Report» Helping or hindering? Procurement, tied aid and the use of country systems in Bangladesh Procurement is a key economic and political activity of governments and aid agencies. Besides being a simple act of purchase, it is a development tool, translating development finance into  developmental outcomes. Research by Eurodad has identified shortcomings in procurement practices of both developing countries and aid agencies as key constraints to making aid more effective.    read more     News» PRESS RELEASE: 9 months to deliver: tipping point to make development aid effective   Brussels, March 23. Days after officials at the OECD made plans towards the Fourth High Level Forum on Aid  Effectiveness  (HLF4), more than 80 representatives of civil society organizations (CSOs) from across the globe gathered in Sweden to develop their own strategy for the forum.   read more     News» Capital flows and controls in Middle-Income Countries: destabilisation now -bust later?   Developing and emerging economy countries have recently been experiencing a surge of capital inflows from advanced economies that are threatening their macroeconomic and trade growth and stability.  The most serious constraint on the ability of developing countries to constrain these inflows by applying capital controls is found in free trade agreements with developed countries.    read more News» European IFI watchers meet in Brussels before the WB-IMF Spring Meetings   The European International Financial Institutions Network (EuroIFInet) is an informal network of European NGOs who are committed to watching and holding to account the international financial institutions with regard to their role in international development issues.   read more

What's New   Issue #70    March 24, 2011 ACTION ALERT 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 Email the G20 and ask them to end tax haven secrecy. Add your voice to the campaign now. FEATURED MEMBER  The Norwegian Forum for Environment and Development is a think tank and national and international contact point for the coordination of policy initiatives and recommendations.  QUOTE OF THE WEEK “There are very few policies in Bangladesh that have been drafted without the guidance of consultants, and without satisfying donors’ needs”  - Prof. Anu Muhammad in Eurodad's latest report  IN THE MEDIA An article in the Guardian mentions Eurodad as an example of collaboration by NGOs within individual sectors. EURODAD IN ACTION Bodo Ellmers and Clare Birkett participated in a CSO strategy meeting towards the Fourth High Level Forum on Aid Effectiveness (HLF). The meeting took place in Sweden. Nuria Molina spoke at a meeting on debt and development of the ACP-EU Joint Parliamentary Assembly and at a session on blending grants and loans at the Development Committee of the European Parliament. Cristiano Antunes and Jeroen Kwakkenbos along with other representatives of civil society participated at the biannual EuroIFInet meeting in Brussels 14-16 March where topics on the agenda included private finance in development, energy strategy, IFC sustainability policy, climate finance, and debt.   Oygunn Brynildsen spoke at a seminar on The EU and Tunisia’s debt at the European Parliament   FACTS AND FIGURES  The amount of illicit money flowing out of Tunisia between 2000 and 2008 was 1,16 billion dollars every year. This represents 110 dollars per person per year.   Tunisia’s new government will spend 577 million euros on debt service in 2011.  EVENTS What: Spring meetings of the IMF and the World Bank, Eurodad will be participating in the meetings When: 13 - 16 April 2011 Where: Washington DC What: Responsible Finance - a seminar on responsible lending and borrowing, organised by SLUG When: 6 April 2011 Where: Oslo, Norway JOB VACANCIES Oxfam International: Head of Office, EU Advocacy, Brussels, Belgium Bretton Woods Project: Research assistant (paid internship), London, UK ONE: Intern, Brussels, Belgium read more 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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