Covid-19

Polina Girshova

Rebranding or reshaping the global financial architecture? MDBs reform, Bridgetown Initiative and the New Global Financing Pact: Key webinar takeaways

The world finds itself in a polycrisis with three proposals on the table: the Evolution Roadmap of the World Bank Group; the Bridgetown Initiative; and the Summit for a New Global Financing Pact, which takes place in Paris next week. To explore each of these initiatives further, Eurodad and partners organised a webinar which featured three experts who give their points of view: Daniela Gabor, Professor of Economics and Macrofinance at UWE Bristol, Liane Schalatek, Vice-Director of Boell Foundation North America and Mariama Williams,Director of the Institute of Law and Economics (ILE).

  • Development Finance
  • IFIs

OECD DAC: Rich countries can include excess Covid-19 vaccines donated to poor countries in their 2022 aid budgets - and they might continue doing this in 2023…

Indications are that just a small amount of countries opposed controversial practice of repackaging vaccines originally stockpiled for rich nations as aid.

  • Development Finance
  • Covid-19
Nerea Craviotto

A new Chair at the OECD DAC - the stakes have never been higher

The new Chair of the OECD’s Development Assistance Committee (DAC) is Denmark’s Carsten Staur – an experienced former Minister for International Development Co-operation – who will start his role in March 2023. In a world of overlapping crises, the stakes are too high to fail.

  • Aid Effectiveness
  • Covid-19
Nerea Craviotto

Opinion: The integrity of aid statistics must be protected

The Organisation for Economic Co-operation and Development’s Development Assistance Committee is a group of donor countries that monitors development finance flows. Over the past 20 years it has periodically amended the rules for calculating official development assistance — most recently as part of the ODA modernisation process.

  • Development Finance
  • IFIs
Eurodad

A look back at Eurodad Conference 2022

After two years of meeting online and three since we last met in person as a network, we came together in Brussels last week for our 2022 conference “Reboot the system: Defining joint strategies for economic justice”.

  • Climate Finance
  • IFIs
Wemos

Eurodad's response to the World Bank consultation on the proposal for a Financial Intermediary Fund for Pandemic Prevention, Preparedness and Response

Thirty-three organisations from the global south and the global north have signed a statement arguing that the World Bank has not learnt crucial lessons from the Covid-19 pandemic and broader health financing evidence.

Download the statement

  • Development Finance
  • IFIs
Nerea Craviotto

An assessment of ODA in 2021: Rise in overseas aid still fails to meet needs of global crises

More than two years on from the outbreak of Covid-19, developing countries still have a long way to go to control the pandemic and its effects. Although in 2021 ODA reached a new all-time-high of US$178.9 billion, this is still insufficient to meet the mid-term and long-term challenges ahead of 2030 and the achievement of the Sustainable Development Goals. Furthermore, in relative terms ODA remained at 0.33 per cent – far from the 0.7 per cent international commitment.

  • Development Finance
  • Covid-19
Eurodad

IMF/WB Spring Meetings 2022 - As crises mount, failed and insufficient solutions from the IMF and World Bank must be replaced

Call for decision-making to shift to the UN: “the most democratic global governance space we have.”

  • Development Finance
  • IFIs
Julia Ravenscroft

Open letter to G20 Finance Ministers, Central Bank Governors and the IMF: Civil Society Organisations call for issuance of more SDRs and fairer distribution ahead

A group of 17 CSOs has issued an open letter to G20 Finance Ministers, Central Bank Governors and the IMF calling for a new US$2.5 trillion issuance of reserve assets called Special Drawing Rights (SDRs), and reformed criteria for distributing them in a fairer way and according to needs.

  • Development Finance
  • SDRs

Open Letter to G20 Finance Ministers, Central Bank Governors and the IMF: Civil Society Organizations Call for Issuance of More SDRs and Fairer Distribution

Due to the rules governing the distribution of Special Drawing Rights (SDRs), more than US$400 billion of last year's US$ 650 billion issuance went to advanced economies who didn't need them. A group of CSOs are therefore calling for a new allocation of SDRs with fairer distribution to help tackle the global crises and substantial changes to the Resilience and Sustainability Trust, the IMF new instrument to channel SDRs.

  • Development Finance
  • SDRs