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Civil Society calls for rethink of World Bank’s Evolution Roadmap as part of wider reforms to highly unequal global financial architecture

Seventy-four CSOs and individuals from around the world are calling on the World Bank to first assess its development effectiveness and the impact of its private sector-first approach before designing its reform agenda. 

As part of the consultation on the World Bank Group’s controversial Evolution Roadmap, organisations, including Eurodad, have produced a comprehensive briefing which contains recommendations that would transform the current problematic proposals, and calls to #RerouteTheRoadmap. 

Read the briefing here. 

Read the press release here.

Read an opinion piece by Third World Network's Bhumika Muchhala and Eurodad's Maria Jose Romero, first published by IPS news. It is titled "The grand narrative of private finance: over-reliance on attracting investment is undermining change at World Bank".

News

Bonn 2023: Divisions over finance stall mid-year climate meetings

The annual UNFCCC Bonn mid-year climate meetings - known colloquially as the intersessionals or SBs - took place in the first two weeks of June. While there were not many official finance discussions at the SBs, the topic proved to be a flash point across multiple discussions. Eurodad's Leia Achampong, Senior Policy and Advocacy Officer working on climate finance, analyses the discussions.

Read the analysis here.

Reports

“B-READY” will undermine labour rights and social protection

by International Trade Union Confederation (ITUC)

Despite elaborate metrics and promises to include core labour standards, the World Bank's "Business Ready" (B-READY) report will promote the erosion of labour standards across the globe and undermine social protection.

Read the full briefing here.

Who Decides: Women’s participation in the UN Climate Change Convention

by Women's Environment and Development Organization (WEDO)

Women's participation in climate and environmental decision-making is a human right, and leads to stronger environmental outcomes. Yet, progress toward gender balance in UNFCCC spaces has not been consistent or significant and women’s participation in the climate negotiations continues to fall short. 

Read the report here.

Useful resources

Women from least developed countries and the international climate negotiations − how can we close the gap?

by International Institute for Environment and Development (IIED)

The first woman to chair the Least Developed Countries Group in UNFCCC negotiations, Madeleine Diouf Sarr, discusses what is needed to enable greater representation of women from the least developed countries in international climate decision-making spaces.

Read the article here. 

CS FfD Mechanism's participation at the High-Level Political Forum 2023

The Civil Society Financing for Development Mechanism is participating in the High-Level Political Forum (HLPF) 2023 this week. Take a look at the website for statements and further details.

Visit the website here.

The quest for more and better development finance: A week in Paris

by Global Policy Forum

As part of the On the Road to FfD4 series, Bodo Ellmers, Director of GPF's Financing for Sustainable Development Program, analyses the events that took place in Paris at the end of June, namely the  Summit for a New Global Financing Pact, the Paris Forum and OECD DAC Civil Society Days, and their outcomes. 

Read the analysis here.

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.