Following the conclusion of the first Finance in Common Summit, APMDD, AFRODAD, Latindadd, Third World Network and Eurodad have issued the following response.

Following the OECD Development Assistance Committee High Level Meeting, Eurodad laments that delegates failed to show the solidarity that is needed to stay on track to reach the sustainable development goals.

Public Development Banks are in a unique and powerful position to play a key role in the post Covid-19 recovery. Explore the core features such organisations should embody.

From 10-12 November, the first summit of Public Development Banks, the Finance in Common Summit, will be held.

It is vital that we seize the opportunity afforded by the Finance in Common Summit to reclaim public development banks for the public good.

Originally published on IDN-InDepthNews

Covid-19 has left Kenya in a precarious position. A large debt burden and the impact of the pandemic are eroding all the gains made in the fight against poverty over the last few decades.

#Covid19 #DFIs #IFC #CSOs #G20 #FIC #Debt #JobVacancy

• New research shows five of world’s largest DFIs – including the World Bank IFC – have directed just 2% of investments to companies based in low income countries
• CSOs call for a rethink during virtual Finance in Common (FIC) summit next week, where 400 public development banks, including DFIs, will discuss their role in the Covid-19 recovery effort

A new analysis of how Development Finance Institutions are responding to the Covid-19 crisis suggests they are unable to foster inclusive and sustainable businesses and spur a much needed transition to low-carbon economies.

This two-part blog series will provide an analysis of the possible structure of the G20 “Common Framework for Debt Treatments beyond the DSSI”. Part I describes the likely structure of the framework. Part II analyses why a Paris Club-based approach to the Common Framework is unlikely to succeed.