Development Finance Watch, Issue 82

Eurodad Newsletter  September 29, 2011 - Issue# 82   European Network on Debt and Development DEVELOPMENT FINANCE WATCH

 

Top Story » Aid effectiveness: European Commission puts Europe in tough situation for Busan Last week, the European Commission released the proposal for a joint EU position for the Fourth High-Level Forum on Aid Effectiveness (HLF4) which will take place in Busan (Korea) end of November this year. The Communication contains few concrete commitments and lacks the ambition to put Europe at the forefront of the political negotiations ahead of the HLF4.   read more     News » The World Bank and IMF Annual Meetings: Those who do not learn from history are doomed to repeat it “The global economy has entered a dangerous phase”. Despite dramatic introductory words to the International Monetary and Financial Committee (IMFC) communiqué, the leaders of the World Bank, IMF and the G20 undermined the risks faced by developing countries when meeting in Washington DC last week.   read more     Blog » DFIs met last week half-secretly in DC to plot on how to reach out to the world and the private sector and how to dramatically boost their financing capacities The multilateral and bilateral development finance institutions (DFIs) recently launched a report entitled “International Financial Institutions and Development through the Private Sector,” in order to raise awareness and lobby on behalf of the role of the private sector in development. They feel this role is not adequately communicated to relevant stakeholders and the public and are getting a little bit upset about the lack of recognition and respect from their peers.   read more   News » MEPs say race to the bottom must be stopped starting with double non-taxation  On the 22 September the Committee for economic and monetary affairs (ECON) in the European Parliament passed a report containing both concrete measures and broader statements against the race to the bottom in European corporate taxation, citing the financial strain this is placing on European countries and their citizens.   read more     Reports » Broken markets: How financial market regulation can help prevent another global food crisis Eurodad member World Development Movement (WDM) has published a new report, “Broken markets how financial market regulation can help prevent another global food crisis” which seeks  to counter the arguments put forward by those skeptical of the influence of financial speculation on rising food prices.   read more     Reports »  Belgium's official development assistance Eurodad member CNCD – 11.11.11. has recently released its annual report which offers an analysis of Belgian official development assistance looking at three aspects of Belgian aid – its quantity, the quality and the coherence of Belgian development policies.   read more

What's New   Issue #82   September 29, 2011 ACTION ALERT  Busan Aid Effectiveness forum must empower the poor Send a letter to call on European donors to reaffirm all aid effectiveness commitments made, take the necessary steps for full implementation, and transform aid to realise the potential of political and economic empowerment in poor countries.     End tax haven secrecy Developing countries lose more money through tax dodging than they receive in aid. Join the call on world leaders to end tax haven secrecy.       FEATURED MEMBER  The World Development Movement is a UK-based anti-poverty campaigning organisation with a worldwide reputation for tackling hard-hitting, controversial issues.       QUOTE OF THE WEEK  “Procurement is the main constraint on the donor side to improve aid effectiveness.” Brian Atwood – Chair of the OECD DAC – in his keynote speech at a Brookings Institution event on 22nd September. FACTS AND FIGURES “Ten of the most powerful oil and mining companies operate through 6,038 subsidiaries. Over one-third of these subsidiaries are located in tax havens and secrecy jurisdictions.” Publish What You Pay Norway, Piping Profits Report EURODAD IN ACTION  Bodo Ellmers attended and did a presentation at the Red Activas seminar in Madrid, Spain. Oygunn Brynildsen and Jeroen Kwakkenbos attended the World Bank and the IMF Annual Meetings in Washington DC, USA.   MEDIA MENTIONS Eurodad was mentioned by Supply Management on aid untying.     FEATURED RESOURCE The Swiss-based Berne Declaration has published a major new book on Swiss trading companies. EVENTS What:  "Living in debtocracy" meeting organised by ¿Quién debe a Quién? When: 7 - 8 October Where: Madrid, Spain   What:  The 2011 annual conference of the Task Force on Financial Integrity and Economic Development 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

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