Development Finance

Matthew Simonds

Debate on the future of international development cooperation underway

Following the close of the Summit of the Future, a common belief and consistent narrative seem to be taking shape among civil society and other critical actors that has not yet been reflected within the official proceedings. That belief and narrative? That the current international aid architecture is failing and a new and transformative approach to how international development cooperation is governed at the global level is needed. The Fourth International Conference on Financing for Development (FfD4), taking place in Sevilla (Spain) next year, is a major opportunity to achieve that.

  • Development Finance
  • Aid Quality
Lavinia Steinfort

Fostering a global public financial ecosystem for development and climate action

The Think Tanks (T20), one of the engagement groups of the G20, recently released the policy briefs that it commissioned earlier this year, as part of the Brazilian G20 presidency. Eurodad contributed to one policy brief that advocates for a global ecosystem of public national and multilateral development banks that can serve as a pillar for democratic, accountable, and transparent finance for development and climate action. This ecosystem should be grounded in public-public collaboration, rather than in the risky over reliance on private finance that dominates much of the practices today.
  • Climate Finance

Joint letter on CSOs' engagement in IMF policy reviews and consultation

Civil society organisations call on the International Monetary Fund management and Board members for an evaluation of the 2015 guidelines and a Board-mandated framework to establish mandatory rules for CSO engagement at all levels.

  • Development Finance
  • IFIs
Eurodad

Second Letter to WP-STAT on Review of the Recommendation on Untying ODA

In this letter, the DAC-CSO Reference Group called on the OECD DAC to push for an ambitious outcome that can eventually ensure that all aid is fully untied.

Download the open letter

  • Development Finance
  • Aid Quality
Maria Jose Romero

Bretton Woods Institutions at 80: What should the future look like?

On the eightieth anniversary of the World Bank and the International Monetary Fund, it is time for a change of course. In this blog, our experts on the Bretton Woods Institutions explain why the world is in urgent need of more responsive, democratic, accountable and development-orientated. global economic governance. 

  • Development Finance
  • Global Processes
Matthew Simonds

Is this what aid was meant to be?: A critical analysis of Official Development Assistance in 2023

Aid data from 2023 has called into question the direction in which Official Development Assistance (ODA) is headed. More worryingly still, some rich countries have already announced budget cuts for 2024. This report provides a basis for discussion and debate at a time when the value of ODA is more relevant than ever.

  • Development Finance
  • Aid Quality
Eurodad

CSOs call on Banga to shut down the World Bank's Private Sector Investment Lab

Twenty-six civil society organsations have signed an open letter to Ajay Banga, the new president of the World Bank.

  • Development Finance
  • IFIs

Who will the EU be in the world of tomorrow?

The mid-term review of the long-term budget sends a damaging message to Europe's partners. This is the warning from more than 50 civil society organisations, in a joint statement calling on the European Union to bolster investment in international partnerships and prioritise cooperation on global challenges.

  • Development Finance
Eurodad
Eurodad

Inflated and distorted: preliminary 2023 aid figures show failure to address global challenges

Following the release of the preliminary statistics covering Official Development Assistance in 2023, the DAC Civil Society Reference Group expresses major concerns about the underlying trends reflected in the figures, and calls for a serious conversation about establishing a more inclusive and representative governance of ODA.

  • Development Finance
  • Aid Quantity