Development Finance Watch, Issue 74

Eurodad Newsletter May 26, 2011 - Issue# 74   European Network on Debt and Development DEVELOPMENT FINANCE WATCH

 

Top Story » PRESS RELEASE: IMF managing director: More than 100 global campaigners call for fair appointment With the announcement of a process to select a new managing director of the International Monetary Fund (IMF), a global coalition of 106 campaigners have written an open letter to the Fund’s Board of Governors asking that they choose a candidate who has the backing of the majority of IMF member countries, through an open, merit-based process. read more Read Nuria Molinas related blog   News » The EU Foreign Affairs Council reaffirms the aid targets for 2015. But is stumped how to get there The Foreign Affairs Council of the European Union met on May 24 in Brussels in order to discuss the First Annual Report on EU Development Aid Targets. The Report to the Council, prepared by the European Commission, had unveiled that EU Member States collectively will have to mobilise an additional amount of approximately EUR 50 billion by 2015 to meet the targets.    read more  News » The role of private finance in development: Eurodad International Conference 2011 Every two years Eurodad organises an International Conference convening members and partners from the South. This year the conference was co-organised with CRBM - Campagna per la Riforma  della Banca Mondiale, and took place in Rome from 18 - 20 May 2011. read more   News » PRESS RELEASE: MEPs call for moratorium on public financing of mining project In an open letter addressed to the EU president, the EU presidency and the European commission, 50 MEPs from 4 different political parties (S&D, Greens, Gue/Nordic Left and ALDE) call for “a moratorium on EU public financing for mining projects until adequate standards and regulations are in place.”   read more News » Natural resource transparency: call for urgent EU action on corporate reporting standards The EU must propose legally binding measures to require natural resource companies   to publish key financial information for each country and project in which they operate. read more News » Debt and austerity - from the global South to Europe: Summary of a global gathering In early May, more than 400 activists in Greece and campaigners and academics from across the world met in Athens to confront the current debt crisis of the European periphery and plan international solidarity and coordinated action against the imposed fiscal austerity.   read more Blog » OECD Task Force on tax and development must focus on areas of added value NGOs participating in the OECD Task Force on Tax and Development have sent a letter to the co-Chairs of the group in response to the draft action plan circulated after the Second Plenary meeting held in Paris in mid-April. read more     Report » DATA Report 2011 by ONE Eurodad member ONE has recently published the 2011 DATA Report. For the past five years, the DATA Report has monitored the historic commitments to sub-Saharan Africa that the G8 and European Union made in 2005. These promises were due to be delivered in 2010, a year that also marked the crucial two-thirds point for the world to achieve the Millennium Development Goals (MDGs) by 2015.   read more News » G8 must not forget aid effectiveness, says group of over 1000 civil society organizations After years of broken G8 promises, leaders of the world’s richest nations must commit this week to improving the effectiveness and impact of development aid by sending  a strong political message to the Fourth High-Level Forum on Aid Effectiveness that takes place later this year, more than 1000 civil society organisations insist today. read more

What's New   Issue #74   May 26, 2011 ACTION ALERT Open letter to all Governors of the International Monetary Fund Send this letter to your finance minister to call for a fair appointment of the IMF managing director!     FEATURED MEMBER Save the Children Norway is a non-governmental member organisation which is engaged in issues concerning debt, development finance and poverty reduction.     QUOTE OF THE WEEK “What we are seeing now is not so new. Private finance is simply another tool to push privatisation and neoliberal economics” Collins Magalasi, AFRODAD at the Eurodad International Conference in Rome.     EURODAD IN ACTION Eurodad Team organised the bi-annual International Conference: ¨The private turn of development finance¨ in Rome 18-20 May. Maria Jose Romero participated in the Mopani press conference at the European Parliament organised by MEP Thijs Berman (S&D) in Brussels 24 May 2011.     MEDIA MENTIONS Eurodad was mentioned... in TP Week on the EU's Joint Transfer Pricing Forum.   in RFE/RL on IMF policies and conditionalities.   in Share the world's resources on debt crisiis in Greece. in IPS News on choosing a new MD at the IMF.   in Aftenposten on illegitimate debt.   FACTS AND FIGURES ¨Of all untied Dutch aid 2/3 goes to Northern private sector companies.¨ Sasja Bökkerink, Oxfam Novib    EVENTS What: Panel discussion: Does increased investment in the private sector help poor countries? When: Tuesday, May 31 Where: Oslo, Norway   JOB VACANCIES Eurodad is looking for a Tax Advocacy Assistant Brussels, Belgium ONE Brussels team is looking for a Policy Manager, Brussels, Belgium   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 US ON TWITTER!

 

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