Today the OECD Development Assistance Committee (DAC) – the group of countries that regulate how aid should be reported – agreed new rules for reporting debt relief as Official Development Assistance (ODA). Eurodad regrets that donor governments decided to rush an agreement, which allows them to report additional ODA for debt relief.

• Debt suspension offered by G20 only covers 3.65% of all the debt service payments to be made in 2020 by all developing countries
• G20 leaders urged to massively scale up debt relief and work on longer-term global reforms to resolve debt crises or risk abandoning sustainable development and climate goals

As more and more of our work moves online, the new Eurodad website offers a space to work more effectively in a coordinated manner, amplifying our collective voice for transformative change.

#Covid-19 #CSO #EIB #ODA #EU #InternationalDevelopment #DevelopmentAssistance #SDGs

The dual crises of Covid-19 and climate change represent an opportunity for the European Investment Bank (EIB) to become the world's first Climate Bank. 2020 also marks the year in which the EIB will develop a Climate Bank Roadmap.

An analysis of the European Commission's proposals on EFSD and EFSD+ in the revised NDICI and Next Generation EU.