#TiedAid #ODA #SMCSO22 #IMFSurcharges #PacificDebtConference #EurodadIC2022

This blog was originally posted on the Global Partnership website here.

#dropitnow #CovidVaccines #Covid19 #IFI #IMF #inequality #EurodadConference

In the space of a few months, Special Drawing Rights (SDRs) - supplementary reserve assets created by the International Monetary Fund - have gone from being a topic for IMF geeks to the talk of the town. There are two main issues at stake.

This is the first blog in a series of blogs on SDRs.

In this joint statement, 77 civil society organisations across the world, including Eurodad, call current ODA levels 'economically unwise and morally flawed' given the current pandemic and interconnected crises, including climate change, conflict, fragility, and rising poverty and inequalities.

• OECD preliminary figures for 2020 show donors still failing to reach commitment to spend 0.7% of GNI on ODA
• Loans are on the increase

• 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.

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.

#Covid19 #G20 #DSSI #Ecuador #Debt #FIC #OECD #CFJ #DAC #PDB

A new analysis of how Development Finance Institutions are responding to the Covid-19 crisis suggests they are unable to foster inclusive and sustainable businesses and spur a much needed transition to low-carbon economies.