New briefing: is this what aid was meant to be?
#ODA #Aid #ClimateJustice #DebtJustice
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Is this what aid was meant to be?: a critical analysis of Official Development Assistance in 2023
Despite aid reaching record levels in 2023 for a fifth year running, the data behind the headline figure has called into question the direction in which Official Development Assistance (ODA) is headed. More worryingly still, some rich countries have already announced budget cuts for 2024. In our new briefing, we critically analyse the data to provide a basis for discussion and debate at a time when the value of ODA is more relevant than ever.
Read the report (English) | French version
News
Bonn talks: global north blocks ambition on new climate finance goal
The Bonn Climate Change Conference ended last week with a sense of failure, particularly for CSOs and global south countries. According to civil society, there was “next to no progress across the board”, as global north countries keep blocking adequate commitments on climate finance. The negotiations for a New Common Quantified Goal (NCQG) need to close before COP29 starts, but rich nations, who are most responsible for greenhouse gas emissions, are “putting on a concerted effort to not commit or deliver on their own climate finance obligations urgently needed by the developing countries”.
Read Climate Action Network International's press release
Read Global Campaign to Demand Climate Justice's press release
Read ActionAid's press release
Climate activists march to U.S. Embassy to tell G7 leaders: Pay up and deliver climate finance!
by The Asian Peoples’ Movement on Debt and Development (APMDD)
On 11 June, Philippine climate activists marched to the U.S. Embassy to call on G7 leaders to deliver climate finance to developing countries. The march was conducted as part of a series of protests across South and Southeast Asia and was led by APMDD, whose campaigners have been calling for climate finance that will enable developing countries to address climate change.
Open statement: stop spending development funds on for-profit private healthcare providers
Civil society is calling for an end to funding from Development Finance Institutions to private for-profit healthcare providers. Mounting evidence shows that this funding is going to expensive out-of-reach private hospitals and clinics in low- and middle-income countries that are widening healthcare inequalities, exacerbating poverty and gender-based discrimination and violating human rights
Read more (via Oxfam)
Reports
Assessing international climate finance by the EU and Member States: key insights for shaping the new climate finance goal
by CAN Europe
Tracking the evolution of the European Union’s (EU) contribution to international climate finance, this study analyses recent data and provides recommendations for the forthcoming framework for climate finance under the United Nations Framework Convention on Climate Change (UNFCCC), namely the New Collective Quantified Goal (NCQG), which will is set to be adopted at COP29 in November 2024.
Domestic Public Debt
by LATINDADD
This report offers an analysis of the situation and implications of domestic debt in middle-income countries in Latin America, highlighting opportunities, challenges, and recommendations for more transparent and comprehensive public debt management.
Read the report (English) | Spanish version
Watch the recording of the launch (English) | Spanish version
How to ensure debt sustainability accelerates sustainable development
by Jubilee USA and Friedrich-Ebert-Stiftung New York
Drawing on steps taken by the Bretton Woods Institutions to adapt to the Sustainable Development Goals (SDGs), this paper proposes ways in which debt sustainability analysis (DSA) methodologies could be more fully adapted to the SDGs.
Read the report | Read more papers from this same series
Debt, climate crisis and extractivism - a series of reports on the Amazon
by LATINDADD
What common problems do all the countries sharing the territory of the Amazon face? Is it possible to think of a common strategy that leaves aside geopolitical borders? What does the Amazon need to overcome threats to its preservation? A series of reports investigates this issue in four countries: Bolivia, Colombia, Ecuador and Suriname.
Read all the reports (Spanish) | Read the Suriname's country report (English)
The European Investment Bank (EIB)’s development and climate finance: what’s in it for sustainable agriculture?
by ActionAid and Counter Balance
This analysis of a number of case studies has shown that the EIB does not seem to prioritise support for sustainable agriculture in its global lending operations. Instead, the climate aspect of EIB’s finance is questionable, with projects supporting export commodities, unsustainable agricultural and industrial practices, and large shady companies, while opting for problematic financial engineering and not providing adequate environmental and human rights impact assessments.
Useful resources
Sovereign debt and environment profiles (SDEP) database
The SDEP database is a data project tracking debt stress and capital market constraints as relative to climate investment needs, conservation investment opportunities and green finance opportunities. It allows users to explore the fiscal constraints and green investment opportunities of 114 emerging market and developing economies.
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Global Alliance for Tax Justice | Brussels
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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. |
