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Eurodad releases joint background paper on Private Sector Instruments

Eurodad has coordinated a joint civil society paper that analyses and offers key recommendations on the OECD's Development Assistance Committee (DAC) proposal for the modernisation of private sector instruments (PSI). The proposal would allow a wide variety of PSI to be used as vehicles for aid. This means a possible increase in the use of aid to invest in, or give loans to, private companies or to underwrite their activities through guarantees. This is arguably the biggest change to aid rules for several decades. 


Eurodad's latest blog, "Mozambique: future target of vultures funds?", by analyst Tiago Stichelmans looks at Mozambique's debt crisis. Mozambique is in a serious economic crisis, and must restructure its public debt if it wants to continue to receive IMF assistance. However, its loans from two London-based banks have now been sold to other investors, which could enable vulture funds to attack the restructuring. Mozambique's case may end up providing further evidence of the urgent need for an international sovereign debt restructuring mechanism. 

Member Report

ActionAid UK has released a briefing on "Making tax work for women's rights", which traces the link between tax avoidance and gender inequality. When big corporations don't pay, it is women who stand to lose out the most, through the absence of vital public services. Globally the distribution of unpaid care work is very unequal, with women doing the lion's share. This briefing looks at how tax can positively impact women's lives and how badly needed revenue is being lost due to tax breaks for corporations and regressive tax systems. 




What’s New

CONCORD's latest report, "Sustainable Development: The stakes could not be higher", analyses the EU's implementation of the 2030 Agenda and Policy Coh-erence for Sustainable Development, highlighting good practices, alarming cases and recommend-ations.  

Oxfam and Save the Children's joint report, "The Power of Ownership: Tran-sforming US Foreign Ass-istance", looks at examples of innovative development practises and provides recommendations for how the US can increase local ownership of development.

Eurodad policy manager Jeroen Kwakkenbos spoke on several panels at the Global Partnership for Effective Development Cooperation HLM2 in Nairobi this November, including a panel on "Ensuring country ownership of development priorities" at the monitoring workshop on effective development cooperation.
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