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This week, we respond to news that vulture funds stand to make up to 1000% profit in Argentina, payments the government will have to finance through more borrowing. Plus we react to the EU Economic and Financial Affairs Council agreement on secret country by country reporting. 

Also, Tax Justice Europe, a regional network of the Global Alliance for Tax Justice, met last week, and now has 52 registered members. Here are many of those members taking part in a group photo: 
Top Story
Argentina’s ‘agreement’ to award vulture funds US$4.6bn (€4.26bn) demonstrates why nations need a new global system to resolve debt issues and avoid being held to ransom. 

ECOFIN agreement a missed chance, campaigners say
EU governments need to make tax more transparent.  Further opportunity looms ahead for lawmakers.
China resurrects important issues at G20 Finance Ministers' meeting
Eurodad's Director Jesse Griffiths provides an in depth analysis of the G20 Finance Ministers’ short communiqué, which has underwhelmed many observers, despite a shift towards recognising that greater public spending or tax cuts may be necessary to stimulate the economy.

World Bank must push for greater transparency in PPP projects, urge CSOs
More than 50 CSOs wrote to the World Bank Group asking the institution to push for more financial transparency around PPPs. 

Paddling against the tide
African civil society's statement on how the changes in the OECD's definition of aid continue to undermine global efforts against poverty. 

What’s New

Eurodad's tax justice expert Tove Ryding participated in the Guardian's Q&A on development finance in 2016.

Eurodad was heavily cited in a UN Department of Economic and Social Affairs report titled Public-Private Partnerships and the 2030 Agenda for Sustainable Development: Fit for Purpose?

Oxfam blog - How the changes in the OECD’s definition of aid continue to undermine global efforts against poverty - a statement by African civil society.

Institute of Development Studies report - The Asian Infrastructure Investment Bank: What Can It Learn From, and Perhaps Teach To, the Multilateral Development Banks?

United Nations Independent Expert on foreign debt and human rights' report - Inequality, financial crises and human rights 

United Nations Independent Expert on foreign debt and human rights' report - Illicit financial flows, human rights and the 2030 Agenda for Sustainable Development 

Eurodad members SOMO and Both ENDS report - Dredging in the dark: an analysis of the Dutch dredging industry's failure to identify, prvent and mitigate adverse impacts in dredging the Suez Canal

In partnership with WeMove.EU, Eurodad is calling on the European Commission and EU Economy and Finance Ministers to put an end to corporations' tax dodging. Sign the petition.

Antonia Vorner joined Eurodad as Finance, Grants and Office Manager. 

Cafod is looking for a Policy Analyst and Development Economist.
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