#TaxJustice #UNtaxconvention #FfD4 #UNGA78 #SouthWithoutDebt #CanceltheDebt #Climatefinance 

 #TaxJustice #UNTaxConvention #UNFCCC #DebtJustice #DebtandClimate

Countries in the global south are disproportionately impacted by climate change. Yet the existing global climate finance goal of US$100 billion per year has never been met. And, according to the OECD, 71 per cent of public climate finance is delivered through loans.

Eurodad's Leia Achampong, Senior Policy and Advocacy Officer working on climate finance, analyses the Bonn Climate Change Conference.

#ClimateJustice #WorldBank #EurodadPolicyForum #DebtJustice #Events

The central driver of the World Bank's approach towards resolving the climate crisis places the  private sector as the key provider of finance and centres the WBG as a facilitator of the mobilisation of private capital. Given the Bank's record on climate, together with its plans for the future, such a scenario gives great cause for concern. Furthermore, while rich country governments - the main shareholders of the WBG - are pushing for a greater role of the WBG in climate action, they continue to fall behind on the U$S100 billion annual commitments on climate finance. 

Join Eurodad and partners at the Civil Society Policy Forum and World Bank Group - International Monetary Fund Spring Meetings from April 10 to 14.

Eurodad's questions ex-MasterCard chief Ajay Banga's nomination by the USA as their candidate for president of the World Bank Group. It is crucial that the next World Bank leader breaks with the past and has a vision for the future, but a Banga presidency will bring only more of the same. 

In her response to Malpass' resignation, Eurodad director Jean Saldanha urges the World Bank Group to see this as an opportunity to rethink the role of the institution.

Eurodad Director Jean Saldanha looks forward to the challenges and solutions in 2023.