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Eurodad has produced two briefings, one on Development Finance Institutions (DFIs) and public country by country reporting (CBCR), the other on DFIs and public disclosure of beneficial ownership (BO). The briefings put forward general recommendations ...

Financing for whose development? DFIs and their support for companies that use tax havens

Mathieu Vervynckt

04 Nov 2014 11:58:53

This blog first appeared on From Poverty to Power. The Third UN Conference on Financing for Development (FfD), set to take place in Addis Ababa next year, will be a crucial opportunity to discuss two of the hottest topics in development finance today: the use of scarce public resources to leverage the private sector, and the fight against international tax avoidance and evasion. Both topics come together in Eurodad’s new report, Going Offshore, though probably not in the way you might expect.  Previous Eurodad research has shown that despite the lack of public information about how they work and their impact on development, Development Finance Institutions (DFIs) – government-controlled institutions that support private sector projects in developing countries – have come to ...

Billions of euros intended for projects in developing countries routed through the world's most secretive financial centres

New Eurodad report investigates private sector support by European Development Finance Institutions  Tuesday November 4th  Billions of euros intended for projects in developing countries are being routed through tax havens and are shrouded in secrecy, according to a new report released today (Tuesday November 4th). The report, Going Offshore, examines support given to private sector companies by Europe’s biggest Development Finance Institutions (DFIs) and the International Finance ...

Shining a light on the shadowy institutions that dominate the development landscape

Maria Romero

18 Jul 2014 16:16:17

Rich country governments and multilateral institutions have provided grants and loans to companies working in developing countries for decades. However, the scale of this support has increased enormously, and the institutions providing it – development finance institutions (DFIs) – are coming to dominate the development landscape now that private finance has replaced aid at the centre of global and national development initiatives. These institutions are not new, but we know very little about how they work and – vitally - what their impacts on the ground are. Despite the questions that hang over their operations and mandates, by 2015 the money going into the private sector from DFIs is expected to exceed $100 billion, which is equivalent to almost two thirds of Official Development Assistance ...

The Inter-American Development Bank excludes civil society just as it revises its work with the private sector

Maria Romero

27 Mar 2014 15:30:52

By Patricia Miranda, Latindadd and María José Romero, EurodadJust when we thought development banks were becoming more accountable, the Inter-American Development Bank (IDB) not only slams its door on civil society participation, but does so at a crucial moment for its institutional reform process.The 2014 Annual Meeting of the IDB’s board of governors held this weekend (27-30 March) in Bahia, Brazil, excludes civil society organisations for the first time since 2006. This is a massive step backwards from a former inclusive approach, especially when the IDB is in the middle of an internal process that will lead to substantial changes in how it works with the private sector. Since the preferred option on the table seems to be to go in the direction of the World Bank Group’s ...