Exposing tied aid/ WBG-IMF Spring Meetings
#TiedAid #IMFMeetings #WBMeetings #SMCSO24 #NoEIBMilitarisation
Top story
Exposing Tied Aid: Preventing donor countries from getting rich on their own aid
The OECD Development Assistance Committee (ODA) is conducting a review of its Recommendation on Untying ODA (Official Development Assistance, or aid). In this blog, Eurodad's aid expert Matthew Simonds examines how wealthy countries are continuing to profit from both formal and informal tied aid.
With one week to go until the publication of preliminary data from the OECD DAC outlining the ODA distributed by donor countries in 2023, this article shines a light on one of the practices that continues to call into question the integrity of aid. It also outlines five issues that must be addressed.
Read the blog and look out for our reaction to the preliminary data for 2023 next Thursday.
News
Join Eurodad and partners at the CSPF and WBG/IMF Spring Meetings 2024
From April 15 to 20, we will be joining CSO partners at the Civil Society Policy Forum and World Bank Group - International Monetary Fund Spring Meetings. In this news article you'll find some of the events we are taking part in or sponsoring.
Zambia reaches debt deal with bondholders
by Debt Justice UK
Zambia has announced it has reached an agreement with the bondholder steering committee on a debt restructuring deal, which has been approved by official creditors and the IMF. Debt Justice UK has published an initial analysis of the debt relief deal.
Read the press release | Read the analysis
Urgent call to keep defence spending out of the EIB's scope
Thirty civil CSOs call upon the EIB President, Board of Directors and Governors to reject demands to finance the defence industry with EIB money.
Open letter on the EIB Global Strategic Roadmap
Ten CSOs, including Eurodad, have sent an open letter to Nadia Calviño, the European Investment Bank's President, to offer several recommendations on the EIB Global Strategic Roadmap.
Blogs
The Policy Trilemma in store for the next IMF Managing Director
by Federico Sibaja (Recourse)
With a background as an environmental economist and her experience in the World Bank, Kristalina Georgieva had the potential to accelerate the ‘historic transformation to greener economies’. However, the initial ambition to move away from austerity measures and ensure this green transformation faded out quickly.
Useful resources
Developing countries’ government debt crises loom larger
Article by economists Ndongo Samba Sylla and Jomo Kwame Sundaram published in Challenging Development+
Developing countries are being blamed for having borrowed and spent irresponsibly. But they have only been doing what foreign powers and financial interests have urged them to do.
(Video) Ghana and the global debt crisis - time for a new law
by Debt Justice UK
Ghana is on the frontline of the global debt crisis. The West African country has paid $7 billion in interest payments alone to greedy lenders since 2010. Millions of people are being denied justice as the country struggles to pay for education, health, or respond to the climate crisis. Ghanaian debt campaigner Bernard Anaba speaks about the daily impact on people’s lives.
Events
9 April | Webinar: ‘Evolution and priorities of the G20 and G7in the Global Economic Scenario’
Join this seminar to deepen your knowledge about the origin and characteristics of the G20 and G7, as well as to find out what the priority issues of these groups are, the impact of their decisions and the role that civil society can play in proposing alternatives in a context in which the world has been hit by multiple crises.
9 April | Webinar: 'Springs Meetings: Better before bigger'
Organised by Climate Action Network International, this webinar aims to help climate advocates and activists to better understand what is at stake in the context of the World Bank and IMF negotiations, why we need to push for a wider transformation of those institutions and how to engage concretely with the 2024 Spring Meetings.
12 April | Webinar - Report launch: 'Transforming Education Financing in Africa: A Strategic Agenda for the African Union Year of Education'
This launch event is an opportunity to share and discuss the latest report 'Transforming Education Financing in Africa: A Strategic Agenda for the African Union Year of Education' by ActionAid and the TaxEd Alliance. The report shows how breakthroughs on tax, debt and austerity can transform education financing across the member states of the African Union.
Vacancies
Senior Policy and Advocacy Officer - Debt Justice
Eurodad | Brussels | Deadline: 28 April
External Funding Officer
CIDSE | Brussels | Deadline: 12 April
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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. |
