Global Processes

Ilaria Crotti

Infogram: Ghana and the debt crisis

Ghana passed quickly from being the poster child economy for West Africa to being one step away from losing its access to international capital markets.

  • Debt Justice
  • Covid-19
Iolanda Fresnillo

G20 buries its head in the sand amidst increasing calls for action on sovereign debt

Last week, G20 Finance Ministers failed to act on calls to enhance the Common Framework. In this article we look at the trends and risks regarding sovereign debt that the G20 seem to be ignoring and we believe will need close attention in the coming months. 

This article was originally published on 16 February and updated on 24 February. 

  • Debt Justice
  • IFIs

CSOs call for entire plan to count donated excess Covid-19 vaccines as aid to be scrapped following failure of OECD DAC members to agree

Last week, the OECD’s Development Assistance Committee (DAC) failed to agree on a plan to report the donation of excess Covid-19 vaccine doses as aid. Yet, donors willing to report their excess vaccine donations will still be able to do so as in-kind donations, despite the lack of agreement.

  • Development Finance
  • Covid-19
Julia Ravenscroft

CSOs across the world call on the OECD DAC to drop all plans to report the donations of excess Covid-19 vaccines as aid, as member governments fail to agree on guidelines

The OECD’s Development Assistance Committee (DAC) has failed to agree on a plan on how to report the donation of excess Covid-19 vaccine doses as aid, following months of wrangling. This is a bitter-sweet victory for CSOs, as donors willing to report these excess vaccine donations will still be able to do so as in-kind donations, despite the lack of agreement.

This press release was updated on 15 February following a formal announcement by the OECD. 

  • Development Finance
  • Covid-19
Jean Saldanha

2022: The year of uncertainty

As many countries welcomed in the new year they were also hit by Omicron, yet another even more infectious variant of the Coronavirus. The world is once again faced with the common challenge of dealing with a new turn in the pandemic.

  • Development Finance
  • IFIs

CSOs call for open public consultation on the IMF’s forthcoming Gender Strategy

81 civil society organisations call on the IMF Board to support an open and meaningful public consultation process around the forthcoming Gender Strategy.

  • Gender Justice
  • IFIs
Chiara Mariotti

Why the IMF Resilience and Sustainability Trust is not a silver bullet for Covid-19 recovery and the fight against climate change

Intended by the IMF as a means to redistribute rich countries’ unused Special Drawing Rights (SDRs), the current design of the Resilience and Sustainability Trust indicates that it is far from a magic bullet. Instead, it may reproduce the inequalities of the current system and award the IMF additional powers outside of its mandate.

  • Development Finance
  • SDRs
Julia Ravenscroft

Rich countries fail to agree on how to report surplus Covid-19 vaccine donations as aid

The OECD’s Development Assistance Committee (DAC) is facing an impasse among its membership on the adoption of controversial new rules that would allow rich countries to report the donation of surplus Covid-19 vaccines as aid. This is a vindication of the struggle civil society organisations have been engaging in for months opposing these new rules. 

  • Development Finance
  • Covid-19
Eurodad

Joint CSO reaction on the ODA-eligibility of Covid-19 vaccine related spending

An open letter to the OECD by Eurodad and other civil society organisations on the latest proposal for valuation of donations of excess Covid-19 vaccine doses to developing countries in ODA.

  • Development Finance
  • Covid-19
Julia Ravenscroft

Eurodad reaction to the finalisation of IDA20 Replenishment

  • Allocation insufficient to meet urgent needs of the world’s poorest
  • No detail on how the funds will be spent
  • Development Finance
  • IFIs