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.

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.

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).

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

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.

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.

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. 

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.

• 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