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OECD proposal on private sector instruments: Huge risk of aid becoming a backdoor subsidy for Western corporations?

On March 9, the OECD's  Development Assistance Committee will decide on how to include what are known as ‘private sector instruments’ (PSI), in aid. This could mean a dramatic increase in the use of aid to invest in or give loans to private companies, or to agree to bail out failed private sector projects, through guarantees. However, without strong safeguards and transparency standards there is a real risk that aid could be used as a backdoor subsidy for corporations with powerful lobbies in donor countries. 

Read the CSO background paper on the proposal here. 


In this blog, Eurodad's director Jesse Griffiths explores the UN report  World Economic Situation and Prospects (WESP). 
After crunching all the numbers, the UN’s top finance experts calculate that, in net terms (finance inflows minus finance outflows), developing countries as a whole have been exporting money to the developed world at least since 2004.

Click here to read the full blog. 


Next month, the G20 finance ministers and representatives of the Heads of State and Government (the G20 Sherpas) will meet in Germany. 
In 2017, the G20’s long-standing focus on private finance for infrastructure remains unchanged; this time as a way of implementing the 2030 Agenda. In practice, the primary means of financing infrastructure projects is through public-private partnerships (PPPs). As CSOs submit their positions to the G20, it's a great time to reflect on Eurodad's report What lies beneath? A critical assessment of PPPs and their impact on sustainable development.  




What’s New

Global Days of Action #TaxJustice for Women’s Rights!
Visit the Global Alliance for Tax Justice (GATJ) website to find out how you can take part in #TaxJustice for Women's Rights Global Days of Action, 8-24 March. This is being organised by GATJ together with its members and partners, including international women's rights groups and global trade unions. 

Eurodad’s International Conference 2017, co-hosted with ActionAid Netherlands, Both Ends, OIKOS, Oxfam Novib and SOMO, will take place this June 20-22 in Den Haag, The Netherlands. This biennial conference is a leading forum for discussion, idea-sharing and collective strategising for civil society groups advocating for reform of development finance. 
Registration opens soon so make sure you save the date! 
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