IFIs

Nerea Craviotto

Opinion: The integrity of aid statistics must be protected

The Organisation for Economic Co-operation and Development’s Development Assistance Committee is a group of donor countries that monitors development finance flows. Over the past 20 years it has periodically amended the rules for calculating official development assistance — most recently as part of the ODA modernisation process.

  • Development Finance
  • IFIs
Eurodad

CSOs call on G7 to bring an end to the IMF's harmful surcharge policy

IMF surcharges are a system of fees on loans from this institution which places an unfair burden on vulnerable countries that are in need of financial support.

  • Debt Justice
  • IFIs
Eurodad

A look back at Eurodad Conference 2022

After two years of meeting online and three since we last met in person as a network, we came together in Brussels last week for our 2022 conference “Reboot the system: Defining joint strategies for economic justice”.

  • Climate Finance
  • IFIs

Civil society groups applaud IFC’s decision to stop investing in fee-charging private schools, call on other investors to follow its lead

The decision by the IFC to not resume investments in fee-charging private schools reinforces the work done by civil society organisations highlighting the negative impact of for-profit schools. 

Read the statement in EnglishLee la declaración en español |Lire la declaration en français

  • Development Finance
  • IFIs
Wemos

Eurodad's response to the World Bank consultation on the proposal for a Financial Intermediary Fund for Pandemic Prevention, Preparedness and Response

Thirty-three organisations from the global south and the global north have signed a statement arguing that the World Bank has not learnt crucial lessons from the Covid-19 pandemic and broader health financing evidence.

Download the statement

  • Development Finance
  • IFIs
Thomas Marois

Shaping the future of EIB Global: Reclaiming public purpose in development finance

This briefing aims to support civil society organisations and EU Member States to reshape the future of EIB Global. It includes a number of recommendations, including a call on EU Member States to democratise EIB Global operations, and for a policy framework to be developed that creates metrics, benchmarks and assessments that matter for definancialised, sustainable, decolonial and equitable development.

Written by Thomas Marois, SOAS University of London

  • Development Finance
  • IFIs
Eurodad

IMF/WB Spring Meetings 2022 - As crises mount, failed and insufficient solutions from the IMF and World Bank must be replaced

Call for decision-making to shift to the UN: “the most democratic global governance space we have.”

  • Development Finance
  • IFIs
Julia Ravenscroft

Open letter to G20 Finance Ministers, Central Bank Governors and the IMF: Civil Society Organisations call for issuance of more SDRs and fairer distribution ahead

A group of 17 CSOs has issued an open letter to G20 Finance Ministers, Central Bank Governors and the IMF calling for a new US$2.5 trillion issuance of reserve assets called Special Drawing Rights (SDRs), and reformed criteria for distributing them in a fairer way and according to needs.

  • Development Finance
  • SDRs

Open Letter to G20 Finance Ministers, Central Bank Governors and the IMF: Civil Society Organizations Call for Issuance of More SDRs and Fairer Distribution

Due to the rules governing the distribution of Special Drawing Rights (SDRs), more than US$400 billion of last year's US$ 650 billion issuance went to advanced economies who didn't need them. A group of CSOs are therefore calling for a new allocation of SDRs with fairer distribution to help tackle the global crises and substantial changes to the Resilience and Sustainability Trust, the IMF new instrument to channel SDRs.

  • Development Finance
  • SDRs
Julia Ravenscroft

IMF plans to distribute Special Drawing Rights to those most in need require fundamental reform

New Eurodad briefing argues that the IMF’s Resilience and Sustainability Trust is far from a silver bullet and how greater commitments are needed from governments and central banks, as billions of dollars of SDRs remain unused.

  • Development Finance
  • IFIs