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As many countries welcomed in the new year they were also hit by Omicron, yet another even more infectious variant of the Coronavirus. The world is once again faced with the common challenge of dealing with a new turn in the pandemic.

#IMF #SDR #ODA #Covid19 #CovidVaccine #TaxJustice #LatinAmerica #JobVacancies

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.

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.

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. 

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.

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

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.

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.