Covid-19

Jan Van de Poel

Development Finance Institutions and Covid-19: Time to reset

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.

  • Aid Effectiveness
  • FiC
Daniel Munevar

The G20 “Common Framework for Debt Treatments beyond the DSSI”: Is it bound to fail? (II)

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.

  • Debt Justice
  • Debt Resolution
Daniel Munevar

The G20 “Common Framework for Debt Treatments beyond the DSSI”: Is it bound to fail?

This briefing provides an analysis of the possible structure of the G20 'Common Framework for Debt Treatments beyond the DSSI'. It describes the likely structure of the framework, and analyses why a Paris Club-based approach to the Common Framework is unlikely to succeed.

Read the briefing in English, Spanish, Portuguese and French.

  • Debt Justice
  • Covid-19
Maria Jose Romero

2020 IMF and World Bank Annual Meetings: Disappointing response to Coronavirus crisis

Last week was a crucial week for the citizens of developing countries, who are being hit hard by the Coronavirus crisis. They are facing increasing poverty, growing inequality and uncertain futures – and were looking to the world's leaders for decisive action. Yet despite a week of stirring rhetoric from G20, International Monetary Fund (IMF) and World Bank (WB) leaders, who claim they are determined to tackle the crisis, the results are deeply disappointing. What is clear is that world leaders and the Bretton Woods institutions need to take much more ambitious steps to deliver in the public interest. 

  • Development Finance
  • Covid-19
Julia Ravenscroft

IMF-WB Annual Meetings: Strong rhetoric, weak action

As the Annual Meetings of the IMF and World Bank draw to a close, Jean Saldanha, Director of the European Network on Debt and Development (Eurodad) reflects on a crucial, but disappointing, week in development finance.

  • Development Finance
  • Global Processes
Eurodad

More than 500 civil society organisations call for immediate debt cancellation to help lower-income countries fight Covid-19

Civil society activists from across the world have come together online to sound the #DebtAlarm, calling upon world leaders to act on debt cancellation. 

  • Debt Justice
  • Covid-19
Iolanda Fresnillo

Eurodad reaction to G20 announcements on the Debt Service Suspension Initiative (DSSI)

Today the G20 announced a six-month extension to the Debt Service Suspension Initiative. It also extended the period of debt payments suspension from four years to six years. In addition, the G20 announced a common framework for debt treatments beyond the DSSI, the details of which will be announced in November.

  • Debt Justice
  • Covid-19
Iolanda Fresnillo
Julia Ravenscroft

Over half of the World Bank's emergency funding to tackle the Coronavirus crisis goes to the private sector

  • Almost 60 per cent of the Bank’s fast track Covid-19 Facility (US$ 8 billion) is being allocated through its private sector arm, the International Finance Corporation (IFC)
  • Publicly available information indicates that as of June 2020, 68 per cent of IFC Covid-19 projects targeted financial institutions
  • It also shows that 50 per cent of IFC-supported companies are either majority-owned by multinational companies or are themselves international conglomerates
  • Publicly-backed Private Finance
  • Covid-19
Maria Jose Romero

Never let a pandemic go to waste: How the World Bank’s Covid-19 response is prioritising the private sector

The Covid-19 pandemic has triggered health, economic and social crises of unprecedented proportions that have the potential to seriously undermine the (already slow) progress made by developing countries towards achieving the Sustainable Development Goals.

  • Publicly-backed Private Finance
  • Global Processes