Development Finance Watch, Issue 110‏

Eurodad Newsletter January 17, 2013 - Issue# 110   European Network on Debt and Development DEVELOPMENT FINANCE WATCH
	Top Story » Secret structures, hidden crimes: Urgent steps to address hidden ownership, money laundering and tax evasion from developing countries Tax evasion poses an acute challenge to developing and developed countries. From 2000 to 2010, illicit financial flows deprived developing countries of US$5.86 trillion. Tax evasion is not a victimless crime – for people in the developing world, the consequences of tax evasion can be a matter of life and death. If developing countries could recover this untaxed wealth, it could mobilise enormous resources for improving their public services and their citizens’ lives.   Read more     News » Developing countries’ private debt is on the rise, and the international institutions are ill-prepared The latest statistics shed light on the new composition of developing countries’ debt. The share of private debt in developing countries’ total external debt is ever increasing and may by now have exceeded the public share.   Read more   Blog » Reforming sovereign debt management: Big bang or incremental steps? As the debt crisis in Europe and the Global South moves into a new year, Eurodad and German member organisation Erlassjahr organised a seminar on global debt management in Berlin.   Read more   Report » Whose development is it? Investigating the Mozal aluminium smelter in Mozambique A new report by Eurodad member Jubilee Debt Campaign shows that richer countries make eight times more than Mozambique from aluminium smelter. Jubilee Debt Campaign is demanding an end to the scandal of poor countries paying money to the rich world. We are calling for 100% cancellation of unpayable and unjust poor country debts. Read more Report » Illicit Financial Flows from Developing Countries: 2001-2010 New Report Finds Crime, Corruption, and Tax Evasion at Near-Historic Highs in 2010. Global Financial Integrity just released their annual global update on the amount of money flowing illicitly out of the developing world due to crime, corruption, and tax evasion.   Read more		What's New   Issue #110   January 17, 2013 ACTION ALERT Time to stop bankers betting on hunger !   FEATURED MEMBER   Debt and Development Coalition Ireland (DDCI) is composed of organisations and individuals who share a deep concern about the injustice of the debt crisis and a commitment to work together for an effective, fair and speedy solution to the crisis.   FACTS AND FIGURES The United Nations Office on Drugs and Crime (UNODOC) examined all existing studies, and estimated the total value of money laundering to be around US$2.1 trillion in 2009, which is equivalent to 3.6% of global GDP. Secret structures, hidden crimes , new Eurodad report on Tax evasion, Anti-Money Laundering rules and ownership transparency. QUOTE “Tax evasion has a significant human cost in developing countries so anti-money laundering systems should discourage or catch the professionals who facilitate tax crimes.” Alvin Mosioma, Director, Tax Justice Network Africa     MEDIA MENTIONS Jesse Griffiths was mentioned by ProPublica. FEATURED RESOURCE Video on promotion of fair trade through public procurements.     EURODAD IN ACTION Bodo Ellmers and Diana Hulova spoke at the event "Global Debt Management" organised by Eurodad and Erlassjahr at the Friedrich-Ebert Foundation in Berlin. EVENTS What: Eurodad/Glopolis International Conference 2013 When: 3-5 June, 2013 Where: Prague, Czech Republic EURODAD STAFF Bodo Ellmers has joined Eurodad as Policy and Advocacy Officer on debt.   Stéphanie Colin and Konstantinos Todoulos have joined Eurodad as Research and Advocacy Assistants.   Welcome to everyone! VACANCIES Debt and Development Coalition Ireland is seeking a Policy & Outreach Officer     FOLLOW US ON TWITTER AND LIKE US ON FACEBOOK!     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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