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G20 governance shortcomings mean Finance Ministers make little progress

Eurodad director Jesse Griffiths analyses the G20 Finance Ministers’ meeting that took place in Baden-Baden last weekend. While the media largely focussed on trade, there were plenty of other missed opportunities at the meeting, from seeking fair resolutions to debt crises to promoting urgently needed tax reforms like public country by country reporting. The heavy emphasis on the role of private finance continued, while little progress seemed to be made on reforms of the financial sector or IMF governance...


Tax campaigners condemn renewed punishment of Luxleaks whistleblowers
Eurodad has condemned the revised sentences handed down by a court in Luxembourg on 15 March after the retrial of LuxLeaks whistleblowers Antoine Deltour and Raphaël Halet. Although the new sentences are less harsh than those imposed at the first trial, Eurodad still finds it unacceptable that whistle-blowers who acted in the public interest will have to face punishment.


“Global Laundromat” scandal emphasises the need for strong EU action
Campaigners pushing for strong anti-money laundering measures say the “Global Laundromat” scandal shows just why the EU must take urgent action. Just as the EU is about to enter the final stages of negotiations over whether or not to ban anonymous trusts and shell companies, this scandal reveals why member states must ensure greater transparency around the ownership of companies and trusts.
Member Report

Global Sovereign Indebtedness Monitor 2017 (English version).
In the run-up to the G20 Finance Ministers' meeting in Baden-Baden last weekend, Erlassjahr / Jubilee Germany released their annual report on sovereign indebtedness. The research indicates not only that the number of critically indebted countries has risen, but that there will be a further rise in debt levels next year and we can expect a number of fresh debt crises post-2017. 
Member Report

Reckless Development: The IFC’s Dodgy Deals in Southeast Asia
This new report, whose authors include Eurodad members Bank Information Centre and 11.11.11, reveals that dozens of harmful and high-risk projects in Southeast Asia have received hidden funding from the World Bank Group through its private sector arm, The International Finance Corporation (IFC), contravening the IFC's social and environmental guidelines.

What’s New

Jubilee Debt Campaign have released a new briefing on The new debt crisis in the Global South

Only 8 days left to register early bird tickets for the Eurodad 2017 International Conference! Co-hosted by Latindadd, ActionAid Netherlands, Both ENDS, OIKOS, Oxfam Novib and SOMO. Register here. Registration closes 30 April. 

Join the Global Alliance for Tax Justice from 1-7 April for the Global Week of Action to #EndTaxHavens!

Sign this CADTM petition to support a Belgian law to prevent vulture funds from making huge profits out of financial crises! 

Figures from Jubilee Debt Campaign's new briefing show that average government external debt payments in the Global South have risen by almost 50% in the last two years, and are at the highest level in a decade.

Eurodad's Tove Ryding was quoted in both the EUObserver and the International Tax Review (paywall) as part of their coverage of the outcome of the retrial of the LuxLeaks whistleblowers. 

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