The debt games -
Is there a way out of the maze?

• More than 60 percent of the projects analysed benefit European companies like Siemens or Suez

• Only 16 percent of all Global Gateway projects invest in key development sectors such as health and education 

Today's decision by the Court of Justice of the European Union demonstrates that the international system for taxing multinational corporations continues to be deeply complex, unpredictable and unfair.

Eurodad welcomes the historic decision by the UN to negotiate a UN Tax Convention and two further protocols. In response to the vote, Eurodad's tax expert, Tove Maria Ryding, called the decision a 'beacon of hope for a fair and efficient global tax system.'

Following the close of the Summit of the Future, a common belief and consistent narrative seem to be taking shape among civil society and other critical actors that has not yet been reflected within the official proceedings. That belief and narrative? That the current international aid architecture is failing and a new and transformative approach to how international development cooperation is governed at the global level is needed. The Fourth International Conference on Financing for Development (FfD4), taking place in Sevilla (Spain) next year, is a major opportunity to achieve that.

While hundreds of billions of tax revenues are lost every year due to tax dodging, the need for public climate finance becomes ever more urgent. A global tax deal can make polluters pay their fair share of taxes and for compensating the damage they cause.

On the eightieth anniversary of the World Bank and the International Monetary Fund, it is time for a change of course. In this blog, our experts on the Bretton Woods Institutions explain why the world is in urgent need of more responsive, democratic, accountable and development-orientated. global economic governance.