Blog

Expert analysis and insight from Eurodad's policy and advocacy teams.

Gino Brunswijck

Argentina: 20 years on, has the IMF really changed its ways?

This article has also been published by Triple Crisis. 

Argentinians are experiencing deja-vu this month as the government announces massive layoffs and a hiring freeze as part of an adjustment package attached to a loan from the International Monetary Fund (IMF). Thousands of public servants are being forced yet again to swallow the bitter pill of austerity, which the IMF programme - published last Friday - aims to patch up through increased targeted social assistance.

  • Debt Justice
Cecilia Gondard

UK Parliament questions ‘value for money’ of PPPs in highly critical report

The committee overseeing the UK government’s expenditure has published a searing report on Private Finance Initiatives (the UK version of Public Private Partnerships - PPPs). The Public Accounts Committee raises serious concerns about the “risks to value for money for the taxpayer” and identifies shortcomings in the assessment of their benefits. The report states that “it is unacceptable that after 25 years the Treasury still has no data on benefits to show the PPP model provides value for money”. The UK Treasury, meanwhile, continues to insist that it does. 

  • Tax Justice
Jeroen Kwakkenbos

Will new rules on reporting debt relief as development aid be another missed opportunity?

On 2 July, the Development Assistance Committee of the Organisation for Economic Co-operation and Development (OECD DAC) will decide whether to change the rules on how debt relief is reported as Official Development Assistance (ODA). There is a serious risk that these changes could create loopholes allowing donors that use debt-based instruments to inflate their aid levels at the expense of the poorest countries.

  • Debt Justice
Bodo Ellmers

Eurozone finance ministers agree on last-minute debt reprofiling for Greece

Eurozone finance ministers convened for a crucial Eurogroup session in Brussels on 21 June and agreed on a last-minute set of new debt reprofiling measures for Greece. The package of maturity extensions, interest deferrals and €15bn in new loans from the European Stability Mechanism (ESM) means that the Greek debt stock is likely to rise further in coming years.

  • Debt Justice
Polly Meeks

Three uncomfortable truths – and some glimmers of hope – in the latest data on untying Official Development Assistance

Last week the Organisation for Economic Cooperation and Development’s Development Assistance Committee (OECD DAC) released its 2018 report on untying Official Development Assistance (ODA).

  • Aid Effectiveness

Debt justice prevails at the Belgian Constitutional Court: Vulture funds law survives challenge by NML Capital

In a landmark ruling on 31 May, the Belgian Constitutional Court upheld the country’s anti-vulture funds law, rejecting a legal challenge by a particularly notorious fund. NML Capital, an opaque vulture fund listed in the offshore financial centre of the Cayman Islands, had tried to shelve the Belgian law and intervene in democratic decision-making in Belgium. The ruling means the law remains in force, and agreements by the European Parliament and the United Nations imply that it is on the way to becoming an example for a worldwide solution to the challenges that vulture funds pose to the fair and speedy resolution of debt crises.

  • Debt Justice
Polly Meeks

Untying should mean untying - no matter where ODA is delivered

Tied aid is currently used to buy goods or services from the country providing the ODA. In other words, it puts the commercial objectives of companies in donor countries ahead of the priorities of people in the global south.

  • Aid Effectiveness
  • Aid Quality
Gino Brunswijck

The Doing Business report: a longstanding controversy

Recent criticism of Chile’s ranking in the Doing Business Report (DBR) has once again put the report in the spotlight, with renewed calls for scrapping the highly controversial annual World Bank publication.

  • Development Finance
  • Global Processes
Jesse Griffiths

Three principles for aid and the private sector

Using aid to mobilise trillions in private money is a hot and hugely controversial topic. Such aid is no different from any other kind: it can be well spent or badly spent and should meet basic effectiveness principles

  • Aid Effectiveness
Lotta Staffans

The false EU promise of listing tax havens

This week, European Union finance ministers agreed to establish a common EU blacklist of so-called “non-cooperative jurisdictions” – in other words, tax havens. With one tax scandal unfolding after the other, listing and sanctioning tax havens may seem like a good solution. However, as tempting as it may sound, this EU exercise is doomed to fail – and here’s why. 

  • Tax Justice
  • Stop Tax Dodging