#Covid19 #G20 #DSSI #Ecuador #Debt #FIC #OECD #CFJ #DAC #PDB

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

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

#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.