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

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

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.

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.

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.

In August 2021, the IMF issued the largest allocation of Special Drawing Rights (SDR) in history. This briefing takes stock of the discussion on how to channel unused SDRs from rich to developing countries and assesses the different solutions proposed so far.

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

Today the World Bank closed a consultation process on their plans to replace the discontinued Doing Business Report (DBR) with the Business Environment Enabling Project (BEE). A coalition of  CSOs have delivered a strongly worded submission arguing this is a rebranding exercise which does not address the root problems in the Bank's engagement in private sector advice

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. 

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.