Global Processes

Bhumika Muchhala

The grand narrative of private finance: over-reliance on attracting investment is undermining change at World Bank

This blog analyses the World Bank’s 'Evolution Roadmap' and is written by Bhumika Muchhala, from the Third World Network and Eurodad's Maria Jose Romero.

Read the full opinion piece on IPS News

  • Development Finance
  • IFIs
Julia Ravenscroft

The World Bank’s Evolution Roadmap needs a rethink to deliver for the global south, say more than 70 civil society organisations and individuals

As discussions on World Bank reform continue, the briefing makes six key recommendations in order to #RerouteTheRoadmap.

Read the briefing here

  • Development Finance
  • IFIs
Eurodad

Civil Society calls for rethink of World Bank’s Evolution Roadmap as part of wider reforms to highly unequal global financial architecture

Seventy-four CSOs and individuals from around the world are calling on the World Bank to first assess its development effectiveness and the impact of its private sector-first approach before designing its reform agenda.

Download the briefing

  • Development Finance
  • IFIs
Iolanda Fresnillo

The good, the bad, and the ugly of Macron's Global South summit

Last week's Summit in Paris ended without tangible results. Eurodad's debt expert, Iolanda Fresnillo, argues in EU Observer that it is time to leave distractions like the New Global Financing Pact behind and focus on more serious processes, where all countries can participate on an equal footing. 

Read the piece in full on EU Observer

  • Development Finance
  • Global Processes
Julia Ravenscroft

Summit for a New Global Financing Pact: A distraction which produced false solutions that we have heard before

The Summit fell far short of the policies needed to address the global debt crisis, the climate emergency, poverty and inequality - issues which can only be addressed in a fair and inclusive manner in the United Nations, and not in Paris.

  • Development Finance
  • Debt Justice
Julia Ravenscroft
Nerea Craviotto

Rich countries increasingly the recipients of their own aid, according to OECD DAC data

Despite a seeming increase total official development assistance, Eurodad's Nerea Craviotto warns that today's figures are nothing to celebrate. The current levels of ODA do not meet the challenges the world is facing, and are a long way off meeting the 0.7% of GNI target.  

  • Development Finance
  • Global Processes

Join Eurodad and partners at the CSPF and WBG/ IMF Spring Meetings 2023

Join Eurodad and partners at the Civil Society Policy Forum and World Bank Group - International Monetary Fund Spring Meetings from April 10 to 14.

  • Climate Finance
  • IFIs
Eurodad

Open civil society letter on the IMF, WB and G20 Presidency Global Sovereign Debt Roundtable

More than 40 civil society organisations from around the world have signed an open letter to the World Bank, IMF and G20 sharing concerns regarding inclusiveness and transparency in the ongoing discussions to address sovereign debt resolution. The three organisations have convened the Global Sovereign Debt Roundtable, which will meet during next weeks Spring Meetings in Washington, DC. 

  • Debt Justice
  • Debt Resolution
Nerea Craviotto

New rules for loans and credit guarantees to the private sector raise questions about the OECD-DAC’s motives as aid providers

This week's negotiations, and subsequent agreement, on new reporting rules are an opportunity for OECD Development Assistance Committee members to show they take their financial commitments towards the global south seriously.

  • Aid Effectiveness
  • Aid Quality