Development Finance Watch, Issue 89

Eurodad Newsletter February 09, 2012 - Issue# 89   European Network on Debt and Development DEVELOPMENT FINANCE WATCH

 

Top Story » How EU country-by-country reporting could tackle tax dodging and why this is needed The EU is considering a law that would make oil, mining and logging companies publish their payments to governments in each country in which they operate. This important law should be passed. Many countries get most of their income from these extractive activities. read more   Report» Mexico: illicit financial flows, macroeconomic imbalances, and the underground economy Eurodad partner Global Financial Integrity have released a very interesting report in English and Spanish about illicit financial flows, macroeconomic imbalances, and underground economy in Mexico. read more        Report» The responsible lending and borrowing imperative: addressing the root causes of poverty Jubilee USA  just published ’’The Responsible Lending and Borrowing Imperative Addressing the Root Causes of Poverty’’. The report analyses the causes of the international debt crises and synthesises concrete proposals for how governments can implement responsible lending and borrowing standards. read more        Report» An Extended Country by Country Reporting Standard A Policy Proposal to the EU Two out of every three of the World’s poorest people live in a resource rich country. Natural resources also have enormous potential as a source of domestic resource mobilisation however extractive companies can easily shift profits out of host country’s. This report argues how country-by-country reporting can tackle this. read more     Report» PT/FR AFRODAD Borrowing Charter A Carta de Empréstimo, produzida por AFRODAD, agora está disponível também em português. Le charte d'emprunt produit par AFRODAD maintenant disponible en français.

What's New   Issue #89    February 09, 2012 ACTION ALERT Stop companies denying millions the chance to escape extreme poverty! Call on European leaders to stand up to corporate lobbying and end the secret deals. Suspend Ireland's Zombie Debt! Ask your Finance Minister to support a write down of Ireland's unjust Irish bank debt. FEATURED MEMBER  Wemos works to strengthen national health systems that contribute to the structural improvement of people’s health in developing countries.   QUOTE OF THE WEEK "These directives have the potential to fight corruption but we hope that you will also take note of the crucial need for information beyond payments to minimise illicit financial flows and ensure companies pay their fair share of tax when finalizing the directives.” Daniel Owusu Koranteng, Executive Director of WACAM, Ghana on the EU country-by-country reporting proposal   FEATURED RESOURCE Eurodad has a new website. Tax Justice Network’s new monthly podcast.   FACTS AND FIGURES "Mexico lost US$872 billion to illict financial flows between 1970 to 2010, in the last two decades trade mispricing accounted for 80 percent of these outflows." Global Financial Integrity Report  MEDIA MENTIONS Eurodad was mentioned by:   The Guardian on procurement and tied aid.  The CTA on debt resulting from export credits.   The Zimbabwean on Zimbabwe's debt audit.     EVENTS What: International Seminar on the Future of Development Cooperation in 2020  When: 16 February, 2012 Where: Leuven, Belgium   What: Post-Busan Global CSO Meeting When: 21-23 February, 2012 Where: Cebu, Philippines What: Plataforma 2015 y más seminar: “Dialogues on development in changing times” When: 29 February, 2012 Where: Madrid, Spain JOB VACANCIES Eurodad: Events, Communications, Research and Office Management Assistant, Brussels, Belgium Bretton Woods Project: Coordinator, London, UK   FOLLOW US ON TWITTER AND LIKE US ON FACEBOOK!     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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