Covid-19

Julia Ravenscroft

IMF-WB Annual Meetings: Strong rhetoric, weak action

As the Annual Meetings of the IMF and World Bank draw to a close, Jean Saldanha, Director of the European Network on Debt and Development (Eurodad) reflects on a crucial, but disappointing, week in development finance.

  • Development Finance
  • Global Processes
Eurodad

More than 500 civil society organisations call for immediate debt cancellation to help lower-income countries fight Covid-19

Civil society activists from across the world have come together online to sound the #DebtAlarm, calling upon world leaders to act on debt cancellation. 

  • Debt Justice
  • Debt Resolution
Iolanda Fresnillo

Eurodad reaction to G20 announcements on the Debt Service Suspension Initiative (DSSI)

Today the G20 announced a six-month extension to the Debt Service Suspension Initiative. It also extended the period of debt payments suspension from four years to six years. In addition, the G20 announced a common framework for debt treatments beyond the DSSI, the details of which will be announced in November.

  • Debt Justice
  • Debt Resolution
Iolanda Fresnillo
Julia Ravenscroft

Over half of the World Bank's emergency funding to tackle the Coronavirus crisis goes to the private sector

  • Almost 60 per cent of the Bank’s fast track Covid-19 Facility (US$ 8 billion) is being allocated through its private sector arm, the International Finance Corporation (IFC)
  • Publicly available information indicates that as of June 2020, 68 per cent of IFC Covid-19 projects targeted financial institutions
  • It also shows that 50 per cent of IFC-supported companies are either majority-owned by multinational companies or are themselves international conglomerates
  • Publicly-backed Private Finance
  • Global Processes
Maria Jose Romero

Never let a pandemic go to waste: How the World Bank’s Covid-19 response is prioritising the private sector

The Covid-19 pandemic has triggered health, economic and social crises of unprecedented proportions that have the potential to seriously undermine the (already slow) progress made by developing countries towards achieving the Sustainable Development Goals.

  • Publicly-backed Private Finance
  • Global Processes
Tove Ryding

Eurodad response to today's blueprints for the Inclusive Framework on BEPS

Today the OECD published its blueprints for how to repair the global corporate tax system, which follows an update that the OECD provided in January 2020

  • Tax Justice
  • Stop Tax Dodging
Asian Peoples' Movement on Debt and Development (APMDD)

The Philippines, Covid-19 and debt: Left alone to deal with the pandemic

The Philippines has been in a vulnerable position since the beginning of the Covid-19 pandemic. This vulnerability can be explained by social, economic, health and financial factors. As a result of these pre-existing conditions, the crisis has been acutely felt by the population of the country. 

  • Debt Justice
  • Covid-19
Nerea Craviotto

Joint civil society submission to the November 2020 OECD Development Assistance Committee High Level Meeting

The upcoming Development Assistance Committee (DAC) High Level Meeting (HLM) provides an opportunity for DAC Members to commit to doing development better. This joint civil society submission represents the views of a group of 26 civil society organisations (CSOs) from the global south and the global north.

  • Aid Effectiveness
  • Covid-19
Eurodad

Civil Society Organisations’ statement against continued IMF austerity

More than 500 civil society organisations are calling on the International Monetary Fund (IMF) to immediately stop promoting austerity around the world, and instead advocate policies that advance gender justice, reduce inequality, and decisively put people and planet first. 

  • Debt Justice
  • Global Processes