Covid-19

Chiara Mariotti

Why the IMF Resilience and Sustainability Trust is not a silver bullet for Covid-19 recovery and the fight against climate change

Intended by the IMF as a means to redistribute rich countries’ unused Special Drawing Rights (SDRs), the current design of the Resilience and Sustainability Trust indicates that it is far from a magic bullet. Instead, it may reproduce the inequalities of the current system and award the IMF additional powers outside of its mandate.

  • Development Finance
  • SDRs
Tove Ryding

Unambitious corporate tax proposal could lead to shortage of EU resources for Covid-19 recovery

Rather than an ambitious reform of the corporate tax rules, today's EU tax package is a Christmas present to all the multinational corporations that will be able to continue paying very low taxes.

  • Tax Justice
  • Covid-19
Julia Ravenscroft

Rich countries fail to agree on how to report surplus Covid-19 vaccine donations as aid

The OECD’s Development Assistance Committee (DAC) is facing an impasse among its membership on the adoption of controversial new rules that would allow rich countries to report the donation of surplus Covid-19 vaccines as aid. This is a vindication of the struggle civil society organisations have been engaging in for months opposing these new rules. 

  • Development Finance
  • Covid-19
Eurodad

Joint CSO reaction on the ODA-eligibility of Covid-19 vaccine related spending

An open letter to the OECD by Eurodad and other civil society organisations on the latest proposal for valuation of donations of excess Covid-19 vaccine doses to developing countries in ODA.

  • Development Finance
  • Covid-19
Julia Ravenscroft

Eurodad reaction to the finalisation of IDA20 Replenishment

  • Allocation insufficient to meet urgent needs of the world’s poorest
  • No detail on how the funds will be spent
  • Development Finance
  • IFIs
Eurodad

Joint civil society submission on the Development Policy Financing Retrospective

The World Bank Group's use of Development Policy Financing as an instrument to nudge countries towards specific policy reforms, undermines countries’ policy space and democratic ownership.

  • Development Finance
  • IFIs
Eurodad

CSOs issue joint statement following World Bank's 'inadequate' consultations on global development policies

A coalition of Civil Society Organisations issues a joint statement addressed to the World Bank Executive Directors to express concern about inadequate World Bank CSO engagement on key policy processes, such as the IDA20 replenishment and Development Policy Financing retrospective.

  • Development Finance
  • IFIs
Iolanda Fresnillo

Stepping up the Common Framework or reforming the debt architecture, this is the real question

On Thursday, the IMF published a blog on the problems facing the implementation of the G20 Common Framework (CF). This signals a victory for civil society campaigners – but is ultimately too little too late.

  • Debt Justice
  • Covid-19
Farwa Sial

The Private Sector Window in World Bank’s IDA20: Where exactly is the development impact?

The proposed increase in the International Development Association's much criticised private sector window ignores civil society's concerns that it lacks adequate safeguards and reporting mechanisms to ensure that this is the best use of IDA resources. In this blog, we set out the case for redirecting these resources towards public investment

  • Development Finance
  • IFIs
Polly Meeks

Strings still attached: Unmet commitments on tied aid

It is more crucial than ever that scarce aid resources are directed where they have most impact. And yet, new Eurodad research on tied aid finds that more than one in every five dollars of bilateral and EU aid was reported as tied in 2018.

This report will soon be available in Spanish and French

  • Development Finance
  • Aid Quality