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2017 development aid figures: A half empty mixed bag

Jeroen Kwakkenbos

19 Apr 2018 08:16:57

Last week the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) released their preliminary figures on the amount of Official Development Assistance (ODA), or development aid, raised in 2017. The week before I wrote a blog outlining Eurodad’s expectations for these figures – and the results are a mixed bag. While certain negative trends seem to be on the mend, overall the amount of aid raised every year has stagnated in volume and although there was positive economic growth across donor countries ODA dropped to 0.31% of Gross National Income (GNI). The continued inclusion of costs not directly linked to development and poverty eradication inflate the figures and undermines the credibility of the reporting exercise of a scarce resource ...

European Parliament sounds the alarm over developing world debt crisis

Mark Perera

17 Apr 2018 15:50:58

This article has been originally published in EurActiv.The number of poor countries facing major debt crises has doubled since 2013, and only 1 in 5 are now considered to be at low risk of crisis. With some countries in the midst of crisis and others on the brink, meeting the Sustainable Development Goals (SDGs) remains a pipe dream, writes Mark Perera. The debt burden of developing countries has been rising fast, both in absolute terms, and in relation to economic indicators such as GDP, export earnings, and government revenue – trends are driven by a number of factors. Monetary policy decisions in advanced economies introduced in the wake of the global financial crisis, including by the European Central Bank, triggered a lending boom to the developing world.  Falls ...

European Parliament demands EU action as debt crises “ravage” developing countries

EU must reform its own lending practices, says European Parliament report. Member States must also act on 2015 UN resolution to establish a multilateral legal framework for sovereign debt restructuring. Brussels, Tuesday April 17 2018. Campaigners are backing calls for the EU to act following the adoption of a damning report by the European Parliament that lays bare the growing debt crisis in developing countries. The Report on Enhancing Developing Countries’ Debt Sustainability calls ...
Last October, more than 150 organisations signed a PPP Global Campaign Manifesto, expressing our alarm at the increasing use of PPPs to deliver infrastructure projects and public services around the world, and in particular the World Bank’s role in ...

IMF conditionality: still undermining healthcare?

Jesse Griffiths, Gino Brunswijck

12 Apr 2018 16:16:07

The article was initially published in the Global Health Check. Last year, the IMF tried to counter long-running accusations that its programmes damage health outcomes in developing countries, but the independent evidence points in the opposite direction. The question is whether the IMF will use this year’s reviews of its lending to switch approach and start helping Sustainable Development Goal (SDG) three to “ensure healthy lives and promote well-being for all at all ages.” The IMF claims to protect health expenditure An IMF blog from March last year claimed that: “A number of studies have found that IMF support for countries’ reforms, on average, either preserve or increase public health spending.” However, the evidence provided was weak. Of the six studies referenced, ...

Development aid stagnates in 2017 – and rules governing how it is spent mean the poorest are still missing out

Brussels, April 9 2018. The amount of aid going to countries in the Global South was stagnant in 2017, according to new figures published by the OECD today. The rules that govern aid also mean that a large proportion of Official Development Assistance (ODA) is still being spent in the donor countries themselves instead of reaching the poorest countries - with around 10% spent on the cost of hosting refugees. The figures, published by the OECD’s Development Assistant Committee (OECD DAC), ...

Upcoming aid (ODA) numbers: will the decline in resources reaching poor countries be halted?

Jeroen Kwakkenbos

05 Apr 2018 11:08:38

Next week the OECD DAC will release preliminary figures for the amount of Official Development Assistance (ODA), or development “aid”, raised by its member states. Recent years have seen a significant increase in spending within donor countries and a steady decline of resources flowing to the world’s poorest countries: will the new figures demonstrate that the international community has begun to tackle these trends which diminish the credibility and effectiveness of ODA? Over the past two years the OECD DAC has celebrated a rise in overall ODA levels but, counterintuitively, the amount of aid going to the world’s poorest countries has declined. In a recent report the IMF notes: “Aid flows to [Low-Income Developing Countries] … have slipped significantly since 2013—declining ...