Development Finance Watch - First creditor debt audit

This email is not displaying correctly? View it in your browser. Issue 124, 19 August 2013 Top Story Norway conducts first creditor debt audit August 15 was a historic day for international debt justice, as the Norwegian government launched the world’s first audit commissioned by a creditor, which evaluates the debt that developing countries owe to Norway. The report found that four of the 34 contracts were not in line with the UN Principles. Read more Blog Foreign direct investment: focus on quality not quantity Last month Latindadd member, Fundación Jubileo Bolivia, published a briefing depicting the major trends in foreign direct investment (FDI) in the country. This briefing is a valuable country case study that confirms many of the findings of the United Nations Conference on Trade and Development (UNCTAD)’s World Investment Report 2013. Read more Report Tax justice: the domestic perspective Eurodad member ActionAid has recently published its new report, Tax justice: the domestic perspective. The report analyses the different tax systems in Kenya, Tanzania, Nigeria, Cambodia and Nepal and develops and proposes alternative strategies. Read more Report Eurodad Annual Report 2012 Eurodad recently published its Annual Report 2012, which provides an overview of our activities for the last 12 months. The report not only focuses on the quantity and quality of European aid, or the quality of North-South private flows, it also promotes responsible finance, as well as ways to retain domestic resources by fighting capital flight and tax evasion. Featured Member Eurodad member Intermón Oxfam is an independent, non-profit organisation with more than 500 development programmes in more than 50 countries across Africa, Latin America and Asia. Together with the 13 other Oxfam International NGOs, it works to achieve better efficiency in the fight against poverty and injustice. Facts & Figures “On average, low-income countries raise only around 15% of GDP in tax revenue, compared with around 35% in high-income countries.” ActionAid report – Tax Justice: the domestic perspective. Quote "The prospect of having foreign direct investment (FDI) as the main source of financing for development raises a question of how to pursue two potentially contradictory goals such as achieving profits while promoting sustainable development. So far, it has contributed to the reprimarisation of the Bolivian economy.” From briefing by Fundación Jubileo Bolivia. Eurodad in Action Bodo Ellmers participated in an expert meeting on sovereign debt restructuring organised by erlassjahr.de at the German Central Bank in Frankfurt. Eurodad Mentions Eurodad is quoted in an article on Brazil's debt cancellation released by International Business Times. Eurodad is mentioned in an article about Norwegian debt audit published by Bistandsaktuelt. Vacancies Eurodad currently seeks a Grants, Finance & Office Manager. Jubilee Debt Campaign is looking for a Director and a Campaign Events Officer. Find out more here.   If you have any feedback on articles, content suggestions for future issues or other thoughts, please write to: assistant@eurodad.org Eurodad is a non-profit organisation based in Belgium. For a list of Eurodad member groups across Europe, or to join, visit our website  Follow us on Twitter | Like us on Facebook | Forward to a friend  Copyright © 2013 Eurodad, All rights reserved.  Articles are available for re-use in other publications, as long as reference is made to the original source.  Mailing address: Rue d’Edimbourg, 18-26. Brussels 1050. Belgium  Unsubscribe from this list | Update your profile information