Development Finance Watch, Issue 76

Eurodad Newsletter June 22, 2011 - Issue# 76   European Network on Debt and Development DEVELOPMENT FINANCE WATCH

 

Top Story »   Eurodad Responsible Finance Charter The global financial crisis will leave lasting scars on the global financial system and will have protracted impacts on poor people across the world for years to come.   read more   read the Press Release     News » Report of the Eurodad International Conference The global financial and economic crisis has accelerated vast transformations in the current landscape of development finance. While ODA budgets are increasingly under threat, public development finance is increasingly being used to leverage private financial resources. read more     Report » Approaches and Impacts. IFIs Tax Policy in Developing Countries Tax policy has been at the heart of policy advice from the International Financial Institutions (IFIs) to developing countries for the last twenty years. Tax reforms became an increasingly important part of the structural adjustment programmes promoted by the World Bank and the IMF in developing countries from the late 1980’s.   read more     News » 20 years of debt relief: What have international institutions learnt? Marking the 20th anniversary of the Swiss debt relief programme, around 50 debt managers from Multilateral Development Banks  (MDBs), developing countries and a few creditor countries gathered in Bern in early June to discuss lessons learnt and future challenges to sovereign debt. Although recognising new threats of debt in low-income countries, officials failed to come up with lasting solutions.   read more   read related blog by Jubilee Debt Campaign     Report » Report on investment in private sector development: What are the returns? An increasing amount of development aid is currently being channeled through the private sector. In most European donor countries Development Finance Institutions (DFIs) have been tasked to leverage private investments in developing countries.   read more   News » PRESS RELEASE: The Paris Club turns 55: Debt campaigners see no reason to celebrate As the Paris Club- an informal group of lender country representatives- celebrates its 55th anniversary this week, activists from all over Europe will wish the Club an ironic ‘Congratulations‘, outside the French finance ministry, criticising the methods of the Paris Club and its current debt relief politics, and asking representatives of the G20 to support a fair and transparent debt court instead.   read more   read related blog

What's New   Issue #76   June 22, 2011 ACTION ALERT Question time for IMF candidates! Question the candidates for the IMF Managing Director position on their views on important topics facing the IMF.   Sign on for an independent debt court! Join in defusing the debt crisis by signing the campaign statement and writing to the French president telling him that debt should be on the G20 agenda!      FEATURED MEMBER ActionAid International is a unique partnership of people who are fighting for a world without poverty, in which every person can exercise their right to a life of dignity.     QUOTE OF THE WEEK "The crisis within the EU is an opportunity to talk about debt and to challenge the system as such." Beverly Keene of Jubilee South at the Eurodad International Conference in Rome.   EURODAD IN ACTION Øygunn Brynildsen ...spoke at the regional consutation of the UN independent expert on debt and human rights in Geneva 20 June.   ...spoke at the UNCTAD public symposium in Geneva 22 June.     Bodo Ellmers ...spoke at the Eurodad/IGO Aid Effectiveness Seminar in Warsaw.   ...presented the CSO aid effectiveness positions for Busan at the European Parliament.   ...presented the CSO aid effectiveness positions for Busan at the European Union’s Technical Seminar in Brussels.   ...spoke at the Saferworld/Concord “Roundtable on Aid Effectiveness, Conflict and Fragility” in Brussels.   FACTS AND FIGURES St. Kitts and Nevis has a debt to GDP ratio of 200 percent, the second highest in the world after Japan. In 2009 the country spent 40 percent of central government revenues on public debt service.   EVENTS What: Financial Task Force Conference 2011 When: 6 - 7 October Where: Paris, France FOLLOW US ON TWITTER!   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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