20 years after Monterrey, the UN Financing for Development process is as important as ever
#Monterrey+20 #FfD #WorldBank #IMFgenderstrategy #EurodadConference
This week, exactly 20 years ago, world leaders adopted the United Nation’s Monterrey Consensus. They committed to “Confronting the challenges of financing for development” with a global response and to creating a fully inclusive and equitable global economic system. The Consensus included the critical recognition that in a globalizing interdependent world economy “National development efforts need to be supported by an enabling international economic environment”. This was the birth of the UN’s Financing for Development (FfD) process which now – 20 years down the line – is as important as ever.
News & analysis
Civil society warns World Bank: The Business Enabling Environment Project is a rebranding of the disgraced Doing Business Report and it must be abandoned
Last week the World Bank closed a consultation process on their plans to replace the discontinued Doing Business Report (DBR) with the Business Environment Enabling Project (BEE). A coalition of CSOs has delivered a strongly-worded submission arguing this is a rebranding exercise which does not address the root problems in the Bank's engagement in private sector advice.
by Bretton Woods Project
The IMF is developing its first-ever gender mainstreaming strategy with the ambition to integrate a gender lens across core operations in lending, surveillance and technical assistance.
This month, a group of 16 civil society and women’s rights organisations - including Eurodad - together with an additional 30 signatories, submitted a joint statement in response to the concept note of this strategy. The group has formulated a set of key policy asks grounded in a commitment to critically assess the gendered impact of the Fund’s conventional fiscal, monetary, and labour market policy advice.
Analysing European Union Institutions’ Flows for Total Official Support for Sustainable Development (TOSSD)
This report analyses the first round of Total Official Support for Sustainable Development (TOSSD) data from European Union (EU) Institutions. It examines the scope of what has been reported by the EU Institutions and identifies trends and issues arising from the first round.
by Global Policy Forum and Bischöfliches Hilfswerk MISEREOR
This briefing paper gives an overview of the current challenges in different development finance action areas, including an overview of the UN’s FfD process and international agreements on Financing for Development. Based on the analysis, it identifies 10 key levers for financing sustainable development.
By Jubilee Debt Campaign
The latest report of the Intergovernmental Panel on Climate Change has recognised that addressing unsustainable debt is central to responding to the climate crisis. Debt creates a vicious circle, where lower-income countries’ inability to invest in adaptation exposes them to ever greater harm from climate disasters, driving them deeper into debt to pay for reconstruction.
ActionAid Europe | Brussels | Deadline: 30 March
To kick-off the Global Days of Action on Tax Justice for Women's Rights 2022, the Global Alliance for Tax Justice organised a discussion on how to advance tax justice to foster a feminist and transformative economic recovery, and achieve gender equality and women’s rights.
Rewatch the webinar by LATINDADD on how debt is an almost obligatory source of financing for developing countries for which the public will pay the prize. The webinar was held in Spanish.
Save the date for the Eurodad conference 2022 - Reboot the system: Defining joint strategies for economic justice!
Registrations will open soon.
|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.|