Development Finance Watch, Issue 94

Eurodad Newsletter April 19, 2012 - Issue# 94   European Network on Debt and Development DEVELOPMENT FINANCE WATCH

 

Top Story » PRESS RELEASE: Cashing in on climate change? A new Eurodad report reveals how rich nations are using a complex web of private funds and financial intermediaries to wiggle out of pledges to provide $100 billion a year to help developing countries cope with the devastating effects of climate change.   read more   download the report     Report» ‘Leveraging’ private sector finance: how does it work and what are the risks? Eurodad partner The Bretton Woods Project has launched a new report, on  ’Leveraging’ private sector finance. This briefing helps explain the existing ways in which the World Bank Group attempts to use its investments to leverage additional investment from private actors, and  lay out some key risks associated with doing this.   read more     News » Austria and Switzerland sign deal protecting bank secrecy Switzerland has just signed a ‘Rubik’ deal with Austria which protects banks secrecy in return for an anonymous tax being returned to Austria. This deal, which must be ratified by both countries’ parliaments, makes public a covert Swiss-Austrian alliance to block EU cooperation against tax dodgers and prevent automatic exchange of tax information between European governments.   read more     News» European and North African civil society coordinates against the harmful effects of debt and austerity As Europe broke for Easter, debt activists gathered in Brussels and formed the International Citizens Audit Network. The network brings together European and North African CSOs that use debt audits as a tool for demanding information about the origins of the public debt of their countries.   read more News» Argentina still ‘owes’ UK dictator debt for Falklands arms Eurodad member Jubilee Debt Campaign has uncovered documents which show that Argentina still owes debts to the UK government based on arms sales to the Argentine junta in the years leading up to the Falklands War.   read more News» EU law-making is on the line as the European Investment Bank comes out fighting against US financial regulation You might think that, after the financial crisis of 2007-08, all major public institutions, and in particular those dealing with finance and monetary issues, would be focused on preventing such systemic crises happening again. read more

What's New   Issue #94   April 19, 2012 ACTION ALERT Support debt justice for Zimbabwe With fresh elections due next year, debt campaigners in Zimbabwe want lessons learned about the country’s $7 billion debt. Take action now to support their call! FEATURED MEMBER Save the Children works in 120 countries. We save children’s lives. We fight for their rights. We help them fulfil their potential.   QUOTE OF THE WEEK  "We urge the EU to adopt the same position towards Egypt’s foreign debt as the one they have already adopted towards Tunisia, in order to unearth all illegal, illegitimate or odious debt incurred following the last debt restructuring process of 1991 during the dictator’s administration." Noha El Shoky, The popular campaign to drop Egypt’s Debt.   FACTS AND FIGURES "The average size of the loans provided by the IFC is above 15 million and its just not possible to pretend that investments of this size will help smallholders in developing countries cope with climate change." Eurodad's new report "Cashing in on climate change?"     EURODAD IN ACTION Jesse Griffiths and Jeroen Kwakkenbos attended the World Bank Spring Meetings 2012 in Washington DC. Carlos Villota  attended the Euromediterranean meeting on debt and audits in Brussels.     FEATURED RESOURCE The podcast of the campaign of Eurodad member Inspiration against tax heavens have been showed by the National Spanish TV (TVE).     NEW STAFF Francesca Giubilo has joined Eurodad as Research, Communications and Finance Assistant. Welcome Francesca!   EVENTS What:  European days of action in Frankfurt When:  16 - 19 May 2012 Where: Frankfurt, Germany   What:  The launch of Eurodad report “Private profit for public good?” When:  30 May 2012 Where: Brussels, Belgium   JOB VACANCIES Eurodad seeks a Policy and Advocacy Officer, Brussels, Belgium Bretton Woods Project: Programme manager: IMF and finance 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

 

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