G20 buries its head in the sand amidst increasing calls for action on sovereign debt
#G20 #DebtJustice #SuisseSecrets #Ghana #vacancy #EurodadConference
Last week, G20 Finance Ministers failed to act on calls to enhance the Common Framework. We cannot wait any longer for the G20 to take decisions on how to improve the existing debt architecture. In this article we look at the trends and risks regarding sovereign debt that the G20 seem to be ignoring and we believe will need close attention in the coming months.
The Suisse Secrets leak confirms civil society's long held concerns that trusts can be used to circumvent transparency rules and hide money. In this article, our tax justice experts sum up why the era of bank secrecy is far from over.
Ghana passed quickly from being the poster child economy for West Africa to being one step away from losing its access to international capital markets. The following infographic highlights why urgent international support and a multilateral, inclusive debt workout mechanism is needed to help the country address its debt burden.
African-European CSOs issue statement to all Heads of States and government dignitaries attending the 6th EU-AU Summit
Ahead of the 6th European Union - African Union Summit, a coalition of African and European civil society organisations issued a declaration to urge governments and institutions to build a new AU-EU partnership based on equality, inclusivity, mutual accountability, shared values and prosperity.
“African countries are on the frontlines of the climate crisis. We expected a clear commitment from the EU to finally deliver on previous pledges of climate finance." Read the full statement by ActionAid here.
By Oxfam International
“It is sorely disappointing to see EU countries failing to step up and publicly commit, either individually or collectively, to reallocate a concrete amount of Special Drawing Rights to poorer countries." Read the full reaction by Oxfam here.
By Center for Economic and Social Rights
This primer explores the unjust power dynamics behind countries' public debt, and how looking at the issue through a human rights lens can help advocacy efforts. It challenges traditional thinking on the vicious cycle of external debt and analyzes how government borrowing can boost both public services and the economy.
Eurodad | Remote | Deadline extended: 4 March
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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.|