This report exposes the dangers of a post-pandemic austerity shock, far more premature and severe than the one that followed the global financial crisis.

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.

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.

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”.

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 English | Lee la declaración en español |Lire la declaration en français

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

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.