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Shadow report on the limitations of the G20 Debt Service Suspension Initiative: Draining out the Titanic with a bucket?

This Eurodad report, published today ahead of the G20 Finance Ministers meeting this weekend, shows that even if all eligible countries applied for debt suspension, only 27% of their 2020 debt payments would be covered.

• Read report
• Read press release
• See also the joint Jubilee Debt Campaign/ Eurodad briefing Drop the Debt, Save Lives - Global South Debt and Covid-19.

News

Eurodad response to the EU court ruling in the Apple / Ireland tax-related state aid case

Eurodad's Tove Maria Ryding, Tax Justice Coordinator at Eurodad said: “Today’s court decision illustrates how difficult it is to use EU state aid rules to collect tax. If we had a proper corporate tax system, we wouldn’t need long court cases to find out whether it is legal for multinational corporations to pay less than 1 per cent in taxes."

• Read the full press release

Donor countries urged not to weaken the rules for reporting ODA

This week, CSOs have been urging donor countries not to change the rules for reporting debt relief as Official Development Assistance (ODA). They were due to meet on Wednesday (15 July)

• Read the Joint civil society submission
• Read the Eurodad press release

Useful resources

New website to support Eurodad’s work

You’ll have noticed by now that this edition of the newsletter has a different look and that the Eurodad website has changed dramatically since the previous Development Finance Watch. Tell us what you think!

Read the blog by our Director Jean Saldhana.

Debt Webinar Series on the Eurodad YouTube Channel

Over the past few weeks we have conducted a number of webinars around our work on debt, from special drawing rights to gender. You can find the series here on our YouTube channel.

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.