The worsening debt crisis in developing countries calls for immediate debt cancellation and structural reforms, but the G20 is not willing to deliver. A truly multilateral and systemic response, that includes borrowing countries in the decision-making, is urgently needed.

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”.

#WorldBank #IMF #FfD #CSOforFfD #ClimateFinance #EurodadIC22

Eurodad and partners represented Civil Society at this year's UN ECOSOC Financing for Development Forum in New York. 

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

#SDR #G20 #SMCSO22 #ODA #Aid #OpenLetter #EurodadIC2022

A coalition of 34 CSOs expressed their concerns regarding the rapidly worsening of debt distress and fiscal conditions in many low- and middle-income countries. Meanwhile citizens are facing inflationary pressures as well as the ongoing impact of Covid-19, the war in Ukraine and the climate crisis. This letter was sent to the G20 Finance Ministers and Central Bank Governors, the Indonesian presidency Finance Minister Sri Mulyani and Central Bank Governor Perry Warjiyo, the European Commission, the G24, the South Centre and the UN Secretary General. 

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

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