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6 December 2018
Top Story

New Eurodad report: IMF loan conditions make situation worse for crisis-hit countries

The International Monetary Fund (IMF) is attaching an increasing number of conditions to its loans to crisis-hit countries. Many of these conditions promote harsh austerity measures that are damaging countries’ ability to provide essential services to their citizens, including health services.

Eurodad’s new report examines the conditions for loans approved in 2016-17 in 26 countries and finds that an average of 26.8 conditions were attached. This is all the more troubling in the light of IMF claims that it is ‘streamlining’ its conditions and that its programmes do not emphasise fiscal contraction.

Watch Eurodad’s video to find out more.

News & Reports

MEP: The problem with Public-Private Partnerships and the role of the EU
Public-Private Partnerships are a deeply worrying trend and carry far more risks for the state than for the private companies involved, writes MEP Enrique Guerrero Salom.

Deutsche Bank offices raided in connection with Panama Papers
Police in Germany have raided the offices of Deutsche Bank in connection with the Panama Papers revelations and as part of an investigation into alleged money laundering, according to The Guardian.

A Climate of Fairness
A new study by the Vienna Institute for International Dialogue and Cooperation explores the role of environmental taxes from a tax justice perspective. 

Climate scheme hands $105 million profit to global insurance industry 
Figures released in a new report by the Jubilee Debt Campaign show that disasters linked to climate change leave affected countries more in debt than they were before the disaster hit while insurance schemes are pocketing millions in profits.

Useful resources

Sovereign Debt and Human Rights
Eurodad’s Bodo Ellmers and María José Romero have contributed a chapter on the financial and social costs of Public-Private Partnerships to this new Oxford University Press book edited by Professor Ilias Bantekas and Cephas Lumina.

Understanding the financialisation of international development through 11 FAQs – a new report by Professor Daniela Gabor (University of the West of England) tries to get to the bottom of the financialisation of international development.

Eurodad and CONCORD open letter to the Foreign Affairs Council on the Multiannual Financial Framework 2021-2027

Open letter from civil society organisations to EU Heads of State and Government on the Multiannual Financial Framework 2021-2027

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This newsletter has been produced with the financial assistance of the European Union under the 'Raising public awareness of development issues and promoting development education in the European Union (DEAR)' programme. The contents of this publication are the sole responsibility of Eurodad and can under no circumstances be regarded as reflecting the position of the European Union.