Failure To Fly: Challenges and lessons learned from public-private partnerships in Tunisia
#DevelopmentFinance #PPPs #Tunisia #Argentina #EU #GreenDeal
A major public-private partnership in Tunisia backed by the World Bank, the European Investment Bank and other public institutions has turned out to be a failure. That's the finding of a new report co-authored by Eurodad and the Tunisian Observatory of Economy, which analyses the failures regarding the multi-million dollar Enfidha Airport project. The report also looks at Tunisia's experience of PPPs and evaluates the legal framework governing PPPs in the country.
At the end of November, experts from Argentina and Europe met in Buenos Aires to discuss (1) how the new Argentine government can champion new initiatives on debt policy at the international level and (2) how innovative approaches could be pioneered locally in a (potential) new debt restructuring. The current situation is especially acute in Argentina after the country partly defaulted on sovereign debts. For more information, read our summary of the discussions.
The new European Commission is sending a clear signal by tabling a “Green New Deal” within a month of its inception. But to be a true statement of intent rather than a mere public relations manoeuvre it must speak to the urgency for action. Equally, it must address the climate challenge in all its dimensions, not just environmental or economic, but the interconnected social and political dimensions as well. Related to this are three crucial tests to determine whether the detail will make or break the deal.
The Asian Infrastructure Investment Bank (AIIB) must urgently seize opportunities to safeguard its operations against climate change or else become exposed as a laggard in the multilateral lending sector. That's the message from Bank Information Center Europe in their new report, AIIB’s Climate Loopholes. The report analyses flaws in the AIIB’s operations and concludes they are fixable, as long as the bank shows the courage of its convictions to be a genuine “lean, clean and green” investor.
Report & useful resources
CONCORD's podcast was launched to coincide with a joint letter from CAN, EPLO, Eurodad and VOICE which was sent to the EU leaders prior to a European Council meeting on December 12-13. It was later co-signed by HRDN and ENoP. This episode 'The next EU budget concerns us all' features Eurodad Director Jean Saldanha.
The purpose of this role is to take forward the Eurodad network’s crucial work on preventing and resolving debt crises, and pushing for fundamental reforms of the international financial architecture. The role involves producing robustly researched analysis, with a strong advocacy focus, and building strong coalitions for change. Deadline: 5 January 2020
The purpose of this role is to shape Eurodad’s strategy on climate justice as a cross-cutting issue and take forward our crucial work on climate finance. The role will help to build strong and effective coalitions for change and empower civil society organisations in Europe and beyond. Click here for the full role description. Deadline: 2 February 2020
The whole team at Eurodad wishes you a very happy holiday season. See you in 2020! #DebtWorkout now!
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.