We can work it out: 10 civil society principles for sovereign debt resolution
There is now widespread consensus within the international finance and development communities that a new wave of debt crises is unfurling. Global debt is reaching new peaks in all regions and across all country income groups, but as it stands, there is no systematic process under which sovereign debt restructurings take place and no possibility for a country to restructure its entire debt stock in one place and in one comprehensive procedure. In this new publication, Eurodad, along with 33 partner CSOs, set out 10 key principles to stimulate and inform global efforts to develop and agree on a multilateral sovereign debt workout mechanism.
Spotlight on financial justice: understanding global inequalities to overcome financial injustice
Rising inequalities between the global north and south, the economically privileged and the marginalised, between different genders and racial identities, have been historically reproduced and intensified across generations and are defining features of our times. In this new report, Citizens for Financial Justice propose looking at global challenges through the lens of inequalities to unlock their transformational potential. Download the report today.
Civil society groups call for urgent reforms to AIIB’s intermediary lending
Building on the experience of monitoring the activity of the World Bank’s private sector lending arm, the International Finance Corporation, Eurodad joined over 50 civil society organisations in a letter to the President of the Asian Infrastructure Investment Bank (AIIB) regarding the AIIB's financial intermediary lending. The letter raises concerns associated with the AIIB’s investments via financial intermediaries (FIs), and to request that the AIIB institute urgent reforms to manage the heightened social and environmental risks associated with this hands-off form of investing.