• Donations of excess vaccines, in-country refugee costs, the use of private sector instruments and debt relief continues to inflate aid figures
• 40 CSOs across the world issue a joint statement calling for more and better-quality ODA

New Eurodad briefing argues that the IMF’s Resilience and Sustainability Trust is far from a silver bullet and how greater commitments are needed from governments and central banks, as billions of dollars of SDRs remain unused.

A UN Convention on Tax would, for the first time, create a truly global framework where all countries can participate on an equal footing. The UN is the only truly universal body that exists, making it the obvious place to anchor a truly global convention on tax.

The OECD’s Development Assistance Committee (DAC) has failed to agree on a plan on how to report the donation of excess Covid-19 vaccine doses as aid, following months of wrangling. This is a bitter-sweet victory for CSOs, as donors willing to report these excess vaccine donations will still be able to do so as in-kind donations, despite the lack of agreement.

This press release was updated on 15 February following a formal announcement by the OECD. 

Rather than an ambitious reform of the corporate tax rules, today's EU tax package is a Christmas present to all the multinational corporations that will be able to continue paying very low taxes.

The OECD’s Development Assistance Committee (DAC) is facing an impasse among its membership on the adoption of controversial new rules that would allow rich countries to report the donation of surplus Covid-19 vaccines as aid. This is a vindication of the struggle civil society organisations have been engaging in for months opposing these new rules. 

• Allocation insufficient to meet urgent needs of the world’s poorest
• No detail on how the funds will be spent

The European Parliament has rubberstamped a new EU Directive which has public country by country reporting (CBCR) in name only. 

The move, which challenges the OECD's dominance as the place where global tax rules are written, is a strong sign that many developing countries do not consider the discussion about global tax rules to be over.

Eurodad’s Director Jean Saldanha reflects on the “business as usual” approach of the past week, the lack of urgency around Special Drawing Rights, and the total failure by G20 finance ministers to address deepening debt levels in the global south.