Development Finance Watch Issue 86

Eurodad Newsletter November 25, 2011 - Issue# 86     European Network on Debt and Development DEVELOPMENT FINANCE WATCH

Top Story » Eurodad launches new report making the case for full country-by-country reporting to aid development The report “Exposing the lost billions. How financial transparency by multinationals on a country-by-country basis can aid development’ explains how multinationals’ lack of transparency and the existing weak regulatory framework enable corporate tax dodging in developing countries.  The report was launched and its proposal for full country-by-country reporting was discussed at an event in the European Parliament, Brussels on 21 November. read more    Download the report   News»  European Union stumbles to Busan. Foreign Affairs Council agrees common EU position The EU Foreign Affairs Council has agreed on a less than satisfactory Common EU position for the 4th High-Level Forum on Aid Effectiveness in Busan, now complementing the positions developed earlier by the European Parliament and Civil Society Organisations . The only specific actions EU governments could agree on were a commitment on Joint Programming of EU aid and a EU Transparency Guarantee.     read more    News» Eurodad, Oxfam and ActionAid prompt the European Commission to do more and better on budget support Oxfam International, ActionAid and Eurodad welcome the latest communication of the European Commission (EC) on Budget Support published on October 13, 2011. We believe that budget support is one of the most effective ways of providing aid because it is long-term, predictable and provides direct financial support to partner countries.   read more     Report» Italy and the Fight against World Poverty: Annual overview of Italian development cooperation Eurodad Member ActionAid Italy has produced its annual assesment of Italy's development cooperation. It finds that Italy has reduced its ODA and failed to meet many of its international commitments.  read more News» PRESS RELEASE: Huge Cost of Tax Evasion Revealed as Campaign to Tackle Tax Havens Launches New research published by the Tax Justice Network shows that tax evasion costs 145 countries, representing over 98% of world GDP, more than US$3.1 trillion annually. These new findings come as the Tax Justice Network launches Tackle Tax Havens, a new campaign aimed at the general public that highlights the critical role that these secretive states play in corrupting the global economy.   read more

What's New   Issue #86    November 25, 2011 ACTION ALERT Better Aid for the World We Want  Sign a petition asking governments to make sure every dollar of aid counts and that citizens voices are heard in aid decisions.     FFEATURED MEMBER Action Soldarite Tiers Monde Based in Luxembourg they undertake political work, awareness raising and provide assistance to people in the South. They believe that many obstacles to development come from centres of political and economic power in the North.      FACTS AND FIGURES One Multinational company alone, dodged $174m of taxes in Zambia, in a single year Exposing the Lost Billions, Eurodad Report     EURODAD IN ACTION Bodo Ellmers spoke at the European Commission event "The Future Approach to EU Budget Support: Recent trends and policy implications"  in Brussel, Belgium and the Forum Syd "Busan aid effectiveness seminar" in Stockholm, Sweden. Marta Ruiz Spoke at the event "Country-by-country reporting: How financial transparency by multinational companies could contribute to development" in the European Parliament, Brussels, Belgium.     Øygunn Brynildsen Spoke at the side events "Lasting solutions to developing country debt crises" and "Capital flight from ACP countries: Parliamentarians role in plugging the leaks" at the EU-ACP Joint Parliamentary Assembly in Lomé, Togo.     Jeroen Kwakkenbos spoke at the techincal Working  Group meeting "The Future Approach to EU Budget Support: Recent trends and policy implications" and at a CEUMC-ECDPM roundtable "transparency, economic governance and development" in Brussels, Belgium.   EVENTS What: The Global Civil Society Forum When: 26-28 November Where: Busan, South Korea     What: Export Credit Agencies- the real source of developing country debt? When: 8 December Where:  Brussels, Belgium      What: Political Cafe: Defuse the Debt Crisis (Organised by Jubilee Netherlands) When: 16 December Where:  The Hague, Netherlands     JOB VACANCIES EURODAD: Finance Director, Brussels, Belgium     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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