The involvement of private finance in infrastructure and services provision is not new. However, the focus on leverage private finance has increased in recent decades, particularly after the adoption of the 2015 Addis Ababa Action Agenda (AAAA), at the Third UN Conference on Financing for Development (FfD). Despite that, the initiatives promoted have proved to be far from what is needed, and the Sustainable Development Goals (SDGs) seem increasingly out of reach. The current FfD process – as the only global space in which all countries have an equal voice – has the potential for transformational development in the global south. As the Fourth FfD Conference (FfD4) in Sevilla approaches, there is an opportunity for a thorough overhaul of private finance in development.
About Eurodad
The European Network on Debt and Development is a civil society network advocating for democratically-controlled, gender-just and human rights-based financial and economic systems.
Eurodad is a network of 60 European NGOs in 28 countries. We work to ensure that the financial system at the global and European levels is democratically controlled, environmentally sustainable, contributes to poverty eradication and delivers human rights for all.
Areas of Work
Debt Justice
Eurodad seeks to promote fundamental reforms to how debt crises are prevented and resolved, and put the rights of people ahead of debt service.
Tax Justice
Eurodad advocates for greater transparency and enhanced coordination of taxation systems worldwide.
Development Finance
Eurodad works to maximise the potential of development and climate finance as a catalyst for much needed economic, social and ecological transformation.
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Eurodad's deep and detailed understanding of its key work areas has helped it build a strong reputation as a body for current and accurate analysis of complex policy issues.