The conclusion of the ongoing negotiations for the post-2025 climate goal is top of the agenda at COP29 this week in Baku, Azerbaijan. Civil society is calling on global north leaders to deliver a binding commitment, strive to re-establish trust, and recognise the owed climate debt to the global south.

On the eightieth anniversary of the World Bank and the International Monetary Fund, it is time for a change of course. In this blog, our experts on the Bretton Woods Institutions explain why the world is in urgent need of more responsive, democratic, accountable and development-orientated. global economic governance. 

Eurodad's policy and advocacy manager for debt justice, Iolanda Fresnillo, analyses the challenges the debt justice movement will face during the next months. 

Most climate finance for countries in the global south is in the form of loans that come with high-interest payments. This blog, written by Eurodad's Iolanda Fresnillo and Leia Achampong, outlines the impact of climate finance loans and why grants are essential to global south countries implementing robust climate measures.

Read the full article on Global Dev

This briefing aims to inform the discussions on debt swaps among civil society, academics and policy makers.

Last week's Summit in Paris ended without tangible results. Eurodad's debt expert, Iolanda Fresnillo, argues in EU Observer that it is time to leave distractions like the New Global Financing Pact behind and focus on more serious processes, where all countries can participate on an equal footing. 

Read the piece in full on EU Observer

Positive outcomes include the welcoming of intergovernmental discussions on tax in the outcome document.

Eurodad's questions ex-MasterCard chief Ajay Banga's nomination by the USA as their candidate for president of the World Bank Group. It is crucial that the next World Bank leader breaks with the past and has a vision for the future, but a Banga presidency will bring only more of the same.