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Three changes the OECD needs to make to guard the world's poorest in new aid rules

This March, the OECD development assistance committee will decide on how to include what are known as private sector instruments in aid. This could mean a dramatic increase in the use of aid to invest in or give loans to private companies. 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. Three important changes are needed if these risks are to be avoided...

New Report

Blended Finance: What it is, how it works and how it is used.
Although “blending” has become a common term in development finance, there is some confusion about its meaning, how it works, and how it fosters development, as well as a significant lack of project data. Blending can be problematic: it does not necessarily support pro-poor activities and may give preferential treatment to donors’ own private sector firms. This report, published jointly with Oxfam, aims to clarify what blending is, how it works and how it is used, to foster greater understanding of this increasingly prominent development finance mechanism.

Member Report

The UK’s PPPs Disaster: Lessons on private finance for the rest of the world
This new briefing by Jubilee Debt Campaign sets out the major problems and risks the UK has encountered through its experiment with PPPs. The UK was one of the first countries to develop PPPs in the early 1990s, and its PPP programme expanded across all parts of public spending. Many of these projects have cost the government more than if it had borrowed the money itself, and have led to large windfall gains for the private companies involved, at public expense. Despite this experience, the UK government and companies are now heavily promoting PPPs around the world. 

What’s New

Global Witness have published a paper today, "Don’t take it on trust:", on beneficial ownership and trusts.

Financial Transparency Coalition have published a briefing looking at  "Who Makes the Rules on Illicit Financial Flows?"

Tax Justice Network has published a new white paper, "What Do They Pay?", on the creation of a public database of country by country reporting information. They have also published a paper on trusts entitled "Trusts: Weapons of Mass Injustice?".

Registration opens soon for our International Conference 2017 this June 20-22 in Den Haag, The Netherlands, be sure to save the date! 

Eurodad is very pleased to welcome two new staff members! Kami Tiba as Events, Admin and Fundraising Assistant, and Sachan Kumar as our new Finance and HR Officer. 


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