This submission represents the views of a group of 27 civil society organisations (CSOs) from the global south and the global north.

The European Network on Debt and Development (Eurodad) is delighted to announce the appointment of its new Director, Jean Letitia Saldanha.

Public-Private Partnerships are a deeply worrying trend and carry far more risk for the state than for the private companies involved, writes Enrique Guerrero Salom.

This article was originally published in the Parliament Magazine.

CSOs’ recommendations for the use of Official Development Assistance (ODA) to support private investments in developing countries, ahead of future EU Multiannual Financial Framework discussions.

The Spring Meetings of the IMF and World Bank took place amid warnings of a ‘borrowed boom’ as an uptick in global growth was matched by global debt levels reaching record highs. 

Last October, more than 150 organisations signed a PPP Global Campaign Manifesto, expressing our alarm at the increasing use of PPPs to deliver infrastructure projects and public services around the world, and in particular the World Bank’s role in promoting these contracts. Our combined evidence shows that the experience of PPPs has been negative, and few PPPs have delivered results in the public interest. Our concerns are echoed by many more organisations and individuals across the world, who are alarmed by the risk that this represents for developing countries.

The 2017 spring meetings of the IMF and World Bank, which also included the second edition of the Global Infrastructure Forum, took place against the uncertainty generated by geopolitical changes such as the election of President Trump in the US and the formalisation of the UK’s exit from the European Union.

Argentina and its bilateral creditors, coordinated by the Paris Club, have reached a deal to settle outstanding loans that were in default since 2001. According to the agreement made on 29 May, Argentina is going to pay US$ 9.7 billion over the next five years.

The long litigation odyssey between the government of Argentina and holdout creditors continues.

As the United Nations moves rapidly towards alternative proposals to sovereign debt work-out, it seems that the International Monetary Fund (IMF) does not want to be sidelined on the issue.

Almost 40 civil society organizations signed a letter calling upon Members of the European Parliament Committee on Development and European Development Ministers to take action with respect to Haiti’s debt.