Development Finance Watch, Issue 99

Eurodad Newsletter July 5, 2012 - Issue# 99 European Network on Debt and Development DEVELOPMENT FINANCE WATCH

 

 

Top Story » Doing business to fight poverty? An evaluation of the Belgian Investment Company for Developing Countries (BIO) The Belgian Investment Company for Developing Countries’ (BIO) is turning ten and 11.11.11, a member of Eurodad, is celebrating the occasion with a report looking at the institution’s performance. The report tries to answer the following question: Do BIO´s investments really contribute to poverty reduction and sustainable development? More precisely, 11.11.11  assesses whether non-domestic public finance for private investments in the South lives up to promises to provide finance to credit-constrained companies in developing countries and to deliver positive development outcomes.   read more     News » September: Report on results-based approaches and aid effectiveness Over the last couple of years, several aid donors have started to focus on achieving and measuring results, a tendency that has intensified as budget cuts spread around Europe and other developed economies. This trend has been translated into the introduction of new aid instruments linking disbursements with the achievement of progress indicators.    read more     Report » The 2012 DATA report Eurodad member ONE  has released a new report which assesses Europe’s progress in keeping its ambitious promises for aid increases and aid effectiveness. The past decade was one of unprecedented growth for sub-Saharan Africa, while the next decade holds both extraordinary opportunities and challenges.   read more     Report » AidWatch Report 2012 The AidWatch Report 2012, ‘Aid We Can: more investment in global development’, written by CONCORD, the European confederation for Relief and Development NGOs, shows that: 9 EU countries beat aid targets, but Germany and France missed the mark in 2011. Luxembourg, Sweden, Denmark, the Netherlands, United Kingdom and Malta (the only EU 12 country), Belgium, Finland and Ireland all met their targets. Germany and France however are way off track, both giving less than 0.5% of their GNI to development aid.   read more     Report » How can Tanzania stop losing so much tax revenue? This report analyses Tanzania’s tax policies and how much revenue the country is losing from tax evasion, capital flight and tax incentives. It shows that, every year, a vast amount of potential tax revenue that could be used to reduce poverty is failing to end up in the government treasury; much is simply leaving the country.   read more

What's New   Issue #99   July 5, 2012 FEATURED MEMBER   Cercle de coopération des ONG de développement is a new Eurodad member.     FACTS AND FIGURES ‘In 2011, only 6 EU Member States delivered at least 0.55% (0.2%) of their GNI as ODA, a level that would demonstrate they were steadily increasing their aid to meet their targets in 2015.’ AidWatch report 2012     QUOTE ‘The IFC really needs to try harder. Efforts to focus IFC lending on actual development outcomes are long overdue, but these initial goals raise more questions than they answer. They target vague improvements to intermediate outputs without clarifying what these mean or how this will help the poorest." Jesse Griffiths, Eurodad.     FEATURED RESOURCE Report: AidWatch report 2012.     EURODAD IN ACTION Jeroen Kwakkenbos participated in the World Bank procurement consultation in Brussels.   Jeroen Kwakkenbos attended the Working Party on Aid Effectiveness meeting at the OECD in Paris.   Jesse Griffiths attended the 2012 Development Cooperation Forum, which took place at United Nations Headquarters in New York.     EVENTS What: Task Force for Financial Integrity and Economic Development Conference When: 17-18 October, 2012 Where: Tunis, Tunisia     NEW STAFF Alex Marriage is the new Policy and Outreach Analyst at Eurodad.     MEDIA MENTIONS Eurodad was mentioned by The Bretton Woods Update on IFC "needs to try harder" on development and Sargon Nissan joins the Project.     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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