Development Finance Watch - Open Letter on Debt Transparency Initiative / G7 tax deal reaction


#Covid19 #Debt #EU #CBCR #G7 #Tax #Colombia #SDRs

Top story

62 CSOs deliver open letter on the Debt Transparency Initiative (DTI) to OECD, G20 and European Commission

62 civil society organisations and global networks across the world have published an open letter today (Thursday June 10) expressing their concerns about the design, consultation process and establishment of the ‘inadequate’ OECD Debt Transparency Initiative (DTI).

Click here to read more about this.

Click here to read the full letter.

News & blogs

Eurodad reaction to G7 Finance Ministers’ tax deal

Last week's agreement is not fair nor ambitious, and there is a high risk of it leading to a more complex and ineffective tax system. The G7 Finance Ministers issued a communiqué announcing their joint agreement on new global tax rules, including a global minimum corporate tax rate and a special new tax on some of the world’s largest corporations.

Click here to read our full reaction.

EU fails to introduce real public country by country reporting

Last week, negotiators from the European Parliament, European Commission and the Council reached a political deal on a new EU directive that has public country by country reporting in its name, but not in its content. The agreement follows a long process, which was initiated in April 2016 when the European Commission first launched its draft directive.

Click here to read our full reaction.

Special Drawing Rights: Saving the global economy and bolstering recovery in pandemic times

In the wake of the liquidity and fiscal crisis across developing countries generated by the global pandemic, the role of Special Drawing Rights (SDRs) has formed an important part of the discussion on economic recovery. During the crisis, developed countries have accounted for nearly 80 per cent of all fiscal efforts, while many low-income countries (LICs) have cut spending or have directed more funds to repaying creditors than they have to their own health sectors.

Read the full blog by Third World Network's Bhumika Mucchala and Bretton Woods Project's Christopher Hope here.

Reports & useful resources

Infogram: Debt, Colombia and Covid-19

Covid-19 has left Colombia in a precarious position. The following infographic highlights why urgent multilateral support is needed to help the country address its debt burden.

Click here to view the full infogram.

Job vacancies & tenders

Travel Agency Tender

Eurodad is looking for a Travel Agency to support our team with travel once it resumes. Due to the COVID-19 situation, travel had been put on hold for the majority of 2020. There are currently 17 members of staff who are likely to travel on a regular basis once the global situation will allow it. The contract will be awarded for a 36 month period.

Deadline: 14 June 2021, 23:59 CEST

Upcoming events

15 June | European Development Days: Extractives and Taxation

This virtual debate will address the challenges in taxation of minerals, in order to ensure that the global south will benefit from the energy transition.

23 June | Eurodad's Debt Wednesdays - Debt and climate justice | Debt, human rights and gender justice

The sixth session of the Debt Wednesday's training course will focus on some cross-cutting issues that are inextricably connected to debt justice: climate justice, human rights and gender justice.

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.