Development Finance Watch, Issue 81

Eurodad Newsletter September 15, 2011 - Issue# 81   European Network on Debt and Development DEVELOPMENT FINANCE WATCH

 

Top Story » PRESS RELEASE: “Boomerang aid”: billions of development aid diverted to companies in rich countries A decade since donor governments agreed to stop tying development aid to lucrative contracts for their domestic companies, a major new study reveals that most aid contracts worth billions of dollars continue to be awarded to firms in rich developed nations.   read more   Download the report   News » How to spend it. Eurodad launches a new aid effectiveness report in Brussels Just three months ahead of the Fourth High-Level Forum on Aid Effectiveness in Busan, Eurodad launched its newest aid effectiveness report. In a period where the aid effectiveness agenda seems largely stuck, the launch saw a lively and highly political debate on the crucial question: how can we spend aid better?   read more     Report» Real Aid: Ending aid dependency Aid dependency among 54 of the world’s poorest countries has declined by a third over the last decade, according to a new report from ActionAid. The Real Aid 3 report also reveals that since 2006 there has been an increase in good quality aid – real aid – from 51 per cent to 55 per cent.   read more     Report» An Audit of Irish Debt The new study “An Audit of Irish Debt” undertaken by researchers at the University of Limerick and supported by the UNITE trade union and Irish civil society organisations including Eurodad member DDCI has been launched today in Dublin.   read more News » Automatic information exchange or banker’s pet scheme: Europe remains undecided In Germany the Social Democratic Party (SPD) has come out against the deal. Meanwhile the European Commission has also said it will have to assess the legality of the deals but has not taken a firm position. The final withholding tax concept known as ‘Rubik’ was initially formulated by the Association of Foreign Banks in Switzerland (AFBS) and Swiss banks, to protect banking secrecy against the international moves towards automatic information exchange, which followed the global financial crisis.    read more   News » European IFI watchers meet in Bulgaria This year, Za Zemiata hosted its 18th annual meeting, from 1st to 3rd of September. Representatives from 10 NGOs were gathered in Sofia, Bulgaria to discuss issues such as climate and private finance, IMF resurgence, the IFC sustainability policy, the World Bank safeguards and its energy strategy review. read more

What's New   Issue #81   September 15, 2011 ACTION ALERT World Bank out of the Climate Fund Take action and sign the email urging members of the Transitional Committee not to give the World Bank a role in the Green Climate Fund. Make development aid more effective! Click here to endorse civil society’s key demands towards the Fourth High Level Forum on Aid Effectiveness. FEATURED MEMBER DanChurchAid is one of the major Danish humanitarian non governmental organisations working with local partners, international networks, churches and non-religious civil organisations to assist the poorest of the poor.   QUOTE OF THE WEEK  “A paradoxical phenomenon is that in Uganda government departments are also preferring to use donor systems because they are deemed as ‘simpler’ than the systems that were built for the government by the same donors.” Richard Seewarkiryanga, director of the Uganda national NGO Forum at the Launch of Eurodad Aid Effectiveness Report.   FACTS AND FIGURES "More than 60% of all contracts funded by bilateral aid go to rich country companies and consultants." Eurodad Aid Effectiveness Report EURODAD IN ACTION Bodo Ellmers and Nuria Molina spoke at the Launch of Eurodad Aid Effectiveness Report in Brussels, Belgium.   Bodo Ellmers and Clare Birkett attended the Civicus World Assembly 2011 in Montreal, Canada. Jeroen Kwakkenbos attended the EuroIFI network meeting in Sofia, Bulgaria.   Marta Ruiz attended and spoke at Latindadd conference on Tax Policy growth and inequalities held in Lima, Peru.   Marta Ruiz presented Eurodad and ActionAid report on tax and IFIs at the International Tax Compact dialogue with CSO held in Bonn, Germany.       MEDIA MENTIONS Eurodad Aid Effectiveness Report was thoroughly mentioned in the media around the world including the Guardian, Reuters or Inter Press Service.     FEATURED RESOURCE "The Kingdom of Coal" documentary investigates the economic, health and environmental costs of coal, while exploring the potential for alternative energy in Kosovo. EVENTS What: A series of CSO events on the occasion of the World Bank and the IMF Annual Meetings When:  20-25 September Where:  Washington DC, USA   JOB VACANCIES Bretton Woods Project is looking to recruit a Programme Manager for Environment, Human Rights and Social Impacts London, UK FOLLOW EURODAD 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

 

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