This seminar took place in the context of an emerging wave of debt crises across the globe, and an especially acute situation in Argentina, which had already partly defaulted on sovereign debts and announced that action on debt needs to be taken.

The new European Commission is sending a clear signal by tabling a “Green New Deal” within a month of its inception. But to be a true statement of intent rather than a mere public relations manoeuvre, it must speak to the urgency for action.  

#DevelopmentFinance #CBCR #UNCTAD #UN #EU #JobVacancy #ODI

The Bretton Woods Institutions were built on the ruins of an old world-order, at the end of World War II, and the dawn of a new world order, marked by the birth of many new nation-states and the onset of the cold-war. 

The 12th UNCTAD Debt Management Conference titled “Making debt work for development” took place in Geneva this week. At one of the best attended policy conferences ever, several hundred participants – including Eurodad staff, members and partners - discussed topics such as how to tackle the unfolding developing country debt crisis, debt sustainability analyses for a new debt landscape, new debt transparency initiatives, and more effective debt workout mechanisms. Participants agreed that urgent action is needed to address the new wave of debt crises, and called for more political will.

Eurodad, along with CSOs from across the world, welcome the draft UN General Assembly Resolution on "External Debt Sustainability and Development."

#DevelopmentFinance #IMF #AnnualMeetings #Austerity #JobVacancies #ActionAid

Thirty-five civil society organisations have today signed a declaration rejecting the IMF austerity policies implemented in Ecuador, Argentina and Haiti.

Austerity and the Washington Consensus do not need to be the “new normal.” There are alternatives, even in the poorest countries.

The debate about a Green New Deal has recently been reinvigorated in both sides of the Atlantic. In Europe, the Green New Deal is part of the priorities of the European Commission’s President-elect Ursula von der Leyen. And at the UN in New York last month, sustainable development was featured in a series of global Summits, including the Climate Action Summit. In response, UNCTAD used the momentum to  launch the 2019 edition of the Trade and Development Report (TDR) which analyses the new deal from a financing perspective, identifies constraints and outlines innovative financing options.