Global Processes

Eurodad

World leaders continue to kick the can down the road on debt reform

World leaders failed to seize an opportunity for vital reform of the international debt architecture when they met yesterday (29 March) at the UN.

  • Debt Justice
  • Debt Resolution
Chiara Mariotti

How many scandals will it take for the World Bank to start doing rights not rankings?

  • The publication of the World Banks’ 2021 Doing Business Report was stopped in August 2020 following a scandal that uncovered data manipulation and altered scores in four countries.
  • As a result of these irregularities, Saudi Arabia was named the top improving economy of 2020 around the time of the “Davos in the Desert” summit and a year after the Khashoggi murder.
  • The World Bank has launched another review of the Doing Business methodology and is finally seeking feedback from CSOs, but for a meaningful and participatory consultation it must extend the deadline for feedback and organise a follow-up discussion.
  • Aid Effectiveness
  • IFIs

Letter to the World Bank Executive Directors about ceasing publication of the Doing Business Report

More than 300 civil society organisations and academics from across the world call upon the World Bank Executive Directors to end the publication of the World Bank’s Doing Business report.

  • Aid Effectiveness
  • IFIs
Eurodad

220 organisations urge G20 finance ministers to back a new round of IMF Special Drawing Rights, as poorest countries struggle with Covid-19 crises

A new allocation of Special Drawing Rights would send a strong signal of renewed multilateral coordination that puts life first.

  • Development Finance
  • Covid-19
Tove Ryding

Eurodad reaction to the report of the UN FACTI High Level Panel

The UN FACTI report must be a starting gun for international action to stop illicit financial flows, what is needed now is for our governments to get to work.

  • Tax Justice
  • Covid-19
Chiara Mariotti

Mind the gap: It’s time for the IMF to close the gap between rhetoric and practice

As countries face the difficult challenge of recovering from the Covid-19 pandemic, civil society is calling on the IMF to finally close the gap between its rhetoric and practice by no longer recommending austerity measures in long-term loan programmes.

  • Development Finance
  • IFIs
Eurodad

The Pandemic Papers: Reviews of Covid-19's impact on debt and development finance

Covid-19 has unleashed a crisis of unimaginable proportions. In this compilation of reports and briefings released throughout 2020, we review the impact of the pandemic on debt and development finance.

Read the book in English, French and Spanish.

  • Publicly-backed Private Finance
  • 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.

Read the report in English, SpanishPortuguese and French

  • 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
  • Aid Quality
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