Today, AFRODAD, the Bretton Woods Project and Eurodad issued a joint statement ahead of the World Bank's International Development Association (IDA) October Forum, which will address critical issues regarding ongoing discussion over IDA20 replenishment. This comes ahead of a meeting of IDA Deputies later this month.

#WorldBank #ClimateFinance #PublicServices #DebtJustice #UpcomingEvents

280 civil society organisations and academics call on the G20 to agree fair channeling of Special Drawing Rights to countries who are in greater need.

In its use of Development Policy Financing in its Covid-19 response so far, the World Bank has lost the opportunity to break with the past and play a truly progressive and transformative role in helping countries rebuild their economies. 

This report is also available in Spanish and French

#ClimateFinance #DevelopmentFinance #TaxJustice #AnnualMeetings #EIB #SDRs #IDA

The remaining months of 2021 are crucial for the future of our humanity. The multiple and interrelated crises that we face call for an even greater level of unprecedented and truly multilateral action.

This series of infograms and charts highlight the increasing impact of debt and the Covid-19 pandemic in the global south.

Click to enlarge

In the space of a few months, Special Drawing Rights (SDRs) - supplementary reserve assets created by the International Monetary Fund - have gone from being a topic for IMF geeks to the talk of the town. There are two main issues at stake.

This is the first blog in a series of blogs on SDRs.

Transparency can help to support a level playing field, to inspire investor confidence and to help sustain public trust – all of which will in turn support business. This is why there is a strong business case for mandatory public country by country reporting.

Read the report in English | Français | Español

During the past year, the United Nations Economic Commission for Africa, in partnership with the US asset management firm PIMCO, has advocated for the establishment of a Liquidity and Sustainability Facility (LSF). The LSF has been presented as a mechanism to support countries in Africa in the aftermath of the Covid-19 pandemic. But which countries and investors really stand to benefit?