Global Processes

Chiara Mariotti

Analysis: World Bank and IMF failure to address the global polycrisis makes systemic reform even more urgent

Last week’s meetings proved yet again that without fundamental reform to how both the World Bank and IMF are governed, and how they ultimately operate, the same mistakes will be repeated again and again. And that is unacceptable.

  • Development Finance
  • IFIs

Our future is public: Why the IMF and World Bank must support public services

This paper has been written and coordinated by Eurodad, and supported by Action Aid, The East African Center for Human Rights, Initiative for Social and Economic Rights, The Global Initiative for Economic, Social and Cultural Rights, Oxfam, Public Services International and Transnational Institute. It argues that international financial institutions such as the World Bank and the IMF are not doing enough to protect public services, despite their rhetoric arguing the opposite. It is time for a new approach, and a break with the mistakes of the past.

  • Development Finance
  • Global Processes

Small island developing states (SIDS) have spent 18 times more in debt repayments than they receive in climate finance, says new research

Latest analyses show 31 out of 37 small island developing states (SIDS) countries are in critical debt situation, and are having to cut public budgets over the next three years. CSOs are calling for action to tackle the twin debt and climate crises at the Annual Meetings of the World Bank and IMF

  • Debt Justice
  • IFIs

Join Eurodad and partners at the WBG-IMF Annual Meetings

Join Eurodad and partners at the Civil Society Policy Forum (CSPF), that will be held in-person in Washington, DC, alongside the WBG-IMF Annual Meetings 2022

  • Climate Finance
  • IFIs

85% of the world’s population will live in the grip of stringent austerity measures by next year

Despite the millions of people being pushed into hunger and poverty*, 143 countries - including 94 developing nations - are implementing policy measures that undermine the capacity of governments to provide education, healthcare, social protection and other public services.

  • Development Finance
  • Austerity
Leia Achampong

Where do things stand on the global US$100 billion climate finance goal?

Developed countries provided and mobilised US$ 83.3 billion in 2020 in climate finance, an increase on previous years but still a long way from the US$ 100 billion climate finance goal set in 2009. In this article, we take a look at the most recent data to assess where things stand today.

  • Climate Finance
  • Global Processes
  • NQCG
Leia Achampong

Efficient, Equitable and Effective High-Quality Climate Finance: Recommendations for the post-2025 global climate finance goal

One of the main outcomes of COP26 is the process to agree a new collective quantified goal on climate finance (NCQG). In order to facilitate deliberations and an exchange of experiences and best practices, several public consultations have been organised. This is Eurodad's August 2022 submission to the UNFCCC.

  • Climate Finance
  • Global Processes
Iolanda Fresnillo

The G20 will fail again

The worsening debt crisis in developing countries calls for immediate debt cancellation and structural reforms, but the G20 is not willing to deliver. A truly multilateral and systemic response, that includes borrowing countries in the decision-making, is urgently needed.

  • Debt Justice
  • Global Processes
Bodo Ellmers

The G7 Summit in Elmau 2022. Intensified geopolitics overshadow the development agenda

The G7 summit in Elmau was the highlight of the German G7 presidency in 2022. Contrary to the original intentions of the German government, security policy and geostrategy dominated the process, due to the conflict in Eastern Europe. 

  • Development Finance
  • Global Processes
Eurodad

Towards increased quality and integrity of ODA in the context of Private Sector Instruments and Special Drawing Rights.

Civil society from around the world have written an open letter raising concerns about the quality and integrity of ODA statistics. 

Read the letter

  • Development Finance
  • Aid Quality