Global Processes

Iolanda Fresnillo

A tale of two emergencies - the interplay of sovereign debt and climate crises in the global south

Our latest report focuses on the climate emergency and how it has become a wider focus of policy discussions around debt, as extreme climatic events and environmental hazards increase both the cost of borrowing and the risk of debt crises in countries in the global south that are often already bearing large external debt stocks.

  • Climate Finance
  • Global Processes
Nerea Craviotto

Four challenges when it comes to reporting debt relief as ODA

The body in charge of maintaining and improving the quality, comparability and relevance of DAC statistics on development cooperation will meet informally this week. Civil society is calling for greater transparency when it comes to reporting debt relief as ODA.

  • Development Finance
  • Global Processes
Tove Ryding

The G20’s deceptive promise to act on the crisis of the century

Faced with the crisis of the century, the G20 has failed to meet the demands of the moment. As the Saudi Arabian presidency comes to a close, Eurodad policy experts take a critical look at what has been delivered.

  • Climate Finance
  • Covid-19
Eurodad

Background briefing on the CSO-EU SCIMF policy dialogue

On behalf of participating CSOs, Eurodad has published a background briefing for the 2020 discussions between CSOs and the EU's Sub-Committee on the International Monetary Fund (SCIMF).

  • Debt Justice
  • Global Processes

World’s biggest development finance institutions have failed to invest in the poorest countries during Coronavirus pandemic

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

  • Development Finance
  • Global Processes
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
  • Global Processes
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
  • Global Processes
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.

  • 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
  • Global Processes