Development Finance Watch, Issue 91

Eurodad Newsletter March 08, 2012 - Issue# 91   European Network on Debt and Development DEVELOPMENT FINANCE WATCH

 

Top Story » Driving sustainable development through public procurement Public Procurement can be a major driver of sustainable development and should therefore be on the G20's agenda. Public procurement accounts for at least 15 percent of global GDP. It is the largest share of government spending besides wages. Moreover, as illustrated by Eurodad research, it is a section of the economy which is directly under public control, and can be directed towards achieving development goals such as food security and domestic resource mobilization. read more     News » Collateral damage: How the UK government plans to water down anti-tax haven rules A huge new tax loophole specifically for multinational companies will be hidden in the UK Chancellor’s new budget due to be released on 21 March. This move bizarrely comes at a time when polling shows that 79% of the British population thinks that the government is not doing enough to tackle tax avoidance. read more     News » Taxation, Global Economic Crisis and the poor The article looks at the current global economic and financial crisis, its impact on firms, governments and the poor. It argues the crisis has generated new kinds of tax policies in both developed and developing countries that in the long run will lower inequality between the rich and the poor.   read more         Blog » Greece is a smokescreen for the mother of all bank bailouts Europe must urgently learn the lessons of the developing world’s Structural Adjustment disaster. Eurozone finance ministers who sat in Brussels and decided Greece’s future last night should have attended yesterday’s well-timed University of London conference on learning lessons from Latin America.   read more     Report » The Arab Spring and international debt Tunisia, Egypt and Bahrain’s debt to Norway During the winter of 2011 the world witnessed a political earthquake in North Africa and in the Middle East. The Arab spring raised several questions around debt cancellation and especially on debt legitimacy. This report by Eurodad members Norwegian Church Aid and SLUG identifies Norway’s loans to Tunisia, Egypt and Bahrain and discusses the legitimacy of these debts.   read more

What's New   Issue #91   March 08, 2012 ACTION ALERT Country-by-country reporting lobby pack The EU country-by-country reporting proposal needs to be strengthened to tackle corruption and tax dodging, take action to help us secure this.     Take action to support automatic tax information exchange  Automatic information exchange has massive potential to help tax authorities in the Global South and Europe to detect and prevent tax dodging. Express your support by  sending this letter to your Finance Ministry.       Public Procurement can be a major driver of sustainable development and should therefore be on the G20s agenda. Send a request to your government and G20 embassies in your country to encourage G20 to commit to Sustainable Public Procurement.       FEATURED MEMBER   Cordaid - The Catholic Organisation for Relief and Development Aid is a Dutch development agency which focuses on fighting extreme inequality and poverty in fragile states.     FACTS AND FIGURES "In 2008, 67% of the World Bank finance contract amounts went to firms from just 10 countries" Eurodad Report - How to spend it?   FEATURED RESOURCE Tax Justice Network’s new monthly podcast.     EURODAD IN ACTION Jeroen Kwakkenbos spoke at the Plataforma 2015 y más seminar: “Dialogues on development in changing times” in Madrid, Spain     EVENTS What: A reception to introduce Jesse Griffiths, the new Eurodad Director. When: 4 April, 2012 Where: Mundo B, Brussels, Belgium   What: Euromediterranean meeting on debt and audits When: 7 April, 2012 What: Brussels, Belgium   JOB VACANCIES Oxfam GB: Head of Development Finance and Public Services (Policy & Advocacy) and Health Policy Adviser - Essential Services Campaign (Maternity cover), Oxford, England   NEW STAFF MEMBER We are happy to announce that Michael Fivet will join Eurodad as Finance Manager.   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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