200+ CSOs and individuals urge European leaders to commit to 'transformative agenda' at FfD4
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200+ CSOs and individuals urge European leaders to commit to 'transformative agenda' at FfD4
Photo © Jason DeCrow/ AP Content Services
Over 200 civil society organisations and individuals have sent a letter urging European leaders and EU institutions to commit to a transformative and ambitious agenda of financial architecture reform at the Fourth International Conference on Financing for Development.
Sign the letter on behalf of your organisation or as an individual
Financing for Development (FfD)
Photo © Jason DeCrow/ AP Content Services
This week, civil society representatives from the Global South and North, including Eurodad, are at the United Nations in New York for the Financing for Development Forum and the latest Preparatory Committee (4th PrepCom) Session for the Fourth International Conference on Financing for Development. We are calling on leaders to seize the opportunity to bring about a fairer global financial system in Sevilla this June.
Civil Society interventions at the 4th PrepCom for FfD4
Read all of the interventions here
Read the latest from the FfD Chronicle
Issue 38: Bretton Woods out of UN’s agenda for ecological and climate action!
Civil Society Response to First Intersessional negotiations on FfD4
Read the responses to the First Intersessional negotiations on the FfD4 Outcome Document from each CS FfD Mechanism thematic workstreams - Debt, Domestic Public Resources, Ecological and Climate Finance, International Development Cooperation, Private Business and Finance, Systemic Issues, and Trade.
Find them all here
Join us on 14 May for a high-level debate asking what is the EU's role in FfD4
See below for more
News
Spring Meetings: Have the IMF and World Bank turned their backs on sustainable development?
by Eurodad
The quick and quiet acquiescence of both the World Bank and the IMF to US demands to serve its economic agenda first and foremost, demonstrates why this governance structure does not work for the majority of the world. The two institutions "cannot be entrusted with the responsibility of the international economic system."
Read our reaction to the Spring Meetings
Read the Spring Meetings Wrap-up from the Bretton Woods Project
Infographics: Official Development Assistance in 2024
by Eurodad
Official Development Assistance in 2024 dropped for the first time since 2017, sounding alarm bells for the future of aid. Our infographics highlight the key trends from the preliminary data release by the OECD DAC.
Download the infographics
Rewatch the webinar "Will rich countries abandon aid in 2025?"
Blogs
A broken promise - why foreign aid needs a democratic reset
by Vitalice Meja (Reality of Aid Africa) and Matthew Simonds (Eurodad)
For several months, foreign aid has been in freefall. The massive cuts by the U.S., the world’s largest donor country, provided a new cover for even more announcements of aid budget cuts, with surprisingly little scrutiny or pushback, and disastrous impacts.
Reports
The future of financing for development: what role for the UN?
by Global Policy Forum Europe
This briefing describes the institutional framework through which the outcomes of previous FfD conferences have been monitored and further developed at the UN level. It also examines current proposals for the monitoring and follow-up of the forthcoming FfD4 conference, highlights good practices from other policy areas and explores which UN bodies and processes could play a role in shaping the international financial architecture following the Seville conference.
Debt payments lead to falling public spending as austerity bites
by Debt Justice UK
New research finds that lower-income country governments cut spending by 5% on average between 2015 and 2023, if they spent over 15% of revenue on external debt payments. In contrast, governments spending less than 10% of revenue on external debt payments increased spending by over 20%.
Debt as a trap: why does Latin America pay with human rights?
by LATINDADD
This document presents an overview of the relationship between public debt, economic policies, and human rights in Latin America and the Caribbean.
Debt, taxes and climate justice – Sweden’s role ahead of the UN Conference on Financing for Development
by Act Church of Sweden
This report provides an overview of the international discussion on debt and tax cooperation. It highlights the proposed solutions on the table, and shows why it is in Sweden's interest to take the proposals of developing countries very seriously.
IFC financial intermediary lending: A new safeguard needed for the World Bank Group’s riskiest investments
by Recourse
As the International Finance Corporation (IFC) launches a review of its Sustainability Framework, comprising its Sustainability Policy, Access to Information Policy, and the Performance Standards, it has an opportunity to influence and improve standards across the financial sector. Recourse, along with over 50 civil society organisations, are calling for a new safeguard on IFC financial intermediary investments, among others on climate and gender.
Vacancies
Senior accounting and finance officer | Eurodad | Deadline: 4 May 2025
Events
14 May | The UN’s Financing for Development Conference What is the EU’s role?
In late June, governments from across the world will meet in Sevilla (Spain) for the Fourth UN Financing for Development Conference (FfD4). This is a pivotal moment to commit to the reforms needed for equitable global economic governance.
This high-level event, held in the European Parliament, will bring together EU decision-makers and civil society from the global south and north to discuss the road to FfD4 and the work that needs to be done to deliver the outcome that the world needs.
27-29 June | Global Days of Action | Pay Up! Cancel the Debt! Change the System!
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This newsletter has been produced with co-funding from the European Union, Bread for the World and Norad. The contents of this publication are the sole responsibility of Eurodad and can under no circumstances be regarded as reflecting the position of the funders. |
