Aid crisis: new data sounds fresh alarm bells for the future
#Aid #SMCSO25 #IMFmeetings #WBGmeetings #FfD4
Top story
Aid crisis - new data sounds fresh alarm bells for the future
Data published this week shows that the amount of overseas development aid fell by 7.1 per cent compared to 2023. This is the first decrease since 2017, anticipating a deeper crisis to come for aid in the future. Governments in the US and across Europe have made further extensive cuts to their aid budgets this year. This has dramatic impacts on the lives of people in the global south.
Read the reaction of the DAC CSO Reference Group
Register to the webinar "Will rich countries abandon aid in 2025?" in the Events section below
News
Join Eurodad and partners at the CSPF and WBG/IMF Spring Meetings 2025
by Eurodad
Next week we will be at the Spring Meetings of the International Monetary Fund and the World Bank Group.
Read the news to find out all the events we are involved in
Blogs
US tariffs will intensify debt crisis in lower-income countries
by Tim Jones (Debt Justice UK)
The US’s imposition of tariffs on imports from across the world has hit financial markets. The move is likely to exacerbate the debt crisis affecting many lower-income countries.
Civil society calls for FfD4 to revive ‘spirit of Monterrey’ and reassert UN’s role in global economic governance
by Bretton Woods Project
The conference takes place at an important inflection point – much like the first FfD conference in Monterrey, Mexico, in 2002, which occurred in the aftermath of the Asian financial crisis. The Bretton Woods Institutions were much-criticised for their response to that crisis, where they mandated harsh austerity in countries seeking assistance, with long-lasting negative consequences.
Spring Meetings 2025 preamble: geopolitical turmoil further muddies path of Bretton Woods Institutions reform and multilateral cooperation
by Bretton Woods Project
With the Bretton Woods Institutions’ (BWIs) public outreach unusually quiet, particularly on issues like gender and climate, civil society expects the Spring Meetings to be absent of contentious public debates or significant outcomes, at a time when answers on the future of multilateralism and the BWIs’ policies on debt, austerity, climate and gender are sorely needed.
Reports
Making additionality count: assessing disclosure in private sector instrument reporting
by Publish What You Fund
This report presents an initial assessment of how bilateral development finance institutions (DFIs) are disclosing the additionality of private sector investments. Early findings raise important questions about the robustness of current practices.
Vacancies
Senior accounting and finance officer | Eurodad | Deadline: 4 May 2025
Events
23 April | Online | Will rich countries abandon aid in 2025?
Join this panel of experts from Concord, Eurodad, Oxfam and Reality of Aid reacting to the OECD's preliminary data for 2024, its implications for the global south and why now is the moment to move governance of aid to the United Nations.
 |
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. |
