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.

Eurodad calls for an ambitious IDA20 replenishment package that ensures that developing countries have access to concessional resources to address their democratically-determined recovery needs.

#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.

Analysis of the 2019 Climate Finance data released by the OECD shows developed countries are still falling short of meeting the US$ 100 billion per year climate finance goal. 

Urgent action is needed to ensure 2021 marks the end of international public finance to fossil fuels. This would free up significant support for clean energy and a just and equitable transition worldwide.

In light of the growing scandal around the World Bank's Doing Business report, Eurodad has issued the following reaction.

#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.

As long as the World Bank's International Development Association can be an important source of recovery funds for the poorest economies, those resources must be used effectively. This will require closing the IDA's Private Sector Window and instead providing resources directly to governments.

This blog was originally published by Project Syndicate.