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This week, we assess the Financing for Development follow-up in New York and demand much more action from our leaders to finance the Sustainable Development Goals and the fight against climate change. We also react to the OECD's 2015 aid statistics, which show that many European countries are now the biggest recipients of their own aid.  
Top Story
Leaders celebrate climate treaty and sustainable development goals but have failed to deliver on finance
The money needed to fight climate change and make the Sustainable Development Goals a reality is hidden in tax havens and stowed away in the pockets of vulture funds, as world leaders gather at the UN to sign the climate treaty and discuss the new goals.   

The need for a UN tax body is more evident than ever
Once again, the global headlines are dominated by tax scandals. Thanks to the Panama Papers, tax dodging has never been higher on the public agenda, and the question of why the problem of tax dodging remains unsolved is being asked all over the world. 


Commission's selective tax transparency proposal leaves most of the world in the dark
Last week's proposal on tax transparency limits public country-by-country reporting to the EU and an arbitrary list of tax havens. This makes it impossible to effectively combat tax havens which have been at the center of scandals like the Panama Papers, LuxLeaks or OffshoreLeaks. 

2015 aid statistics: Many EU countries become the biggest recipients of their own aid
Figures published last week by the Organisation for Economic Cooperation and Development (OECD) purport to show a rise in aid, but in fact in actual net dollar terms, it fell from $137 billion in 2014 to $132 billion in 2015. 

Oxfam IFC and tax: the need to support more responsible corporate tax behaviour
Eurodad partner Oxfam's analysis reveals that 51 of the 68 companies that were lent money by the World Bank’s private lending arm in 2015 to finance investments in sub-Saharan Africa use tax havens.

What’s New

The Guardian - 'A system of privilege and benefits' - Tove Ryding on why we need a global tax body CBCR proposal.

Euractiv - NGOs criticise accounting ‘loopholes’ behind apparent rise in foreign aid.

IPS News: Developing countries left out of global tax decisions.

Eurodad Policy Analyst Tiago Stichelmans represented Eurodad at the IMF and World Bank Spring Meetings in Washington, D.C. last week, which included hosting a side event titled“IMF and World Bank’s Influence on Economic Policy Making in Developing Countries”.

Bodo Ellmers and Tove Ryding, Policy and Advocacy Managers on ending debt crises and tax justice respectively, participated in side events on global debt restructuring and tax justice during the Financing for Development Follow Up International Conference in New York this week.

Bankwatch report - Lost in transition: Far-reaching changes needed as EBRD marks 25 years.

Sign the petition: call on world leaders to help refugees - without jeopardising the world's poorest people. 

Eurodad seeks a Communications Assistant (paid internship).

CONCORD seeks an Advocacy and Policy Coordinator/Officer.
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