Development Finance

Bhumika Muchhala

The grand narrative of private finance: over-reliance on attracting investment is undermining change at World Bank

This blog analyses the World Bank’s 'Evolution Roadmap' and is written by Bhumika Muchhala, from the Third World Network and Eurodad's Maria Jose Romero.

Read the full opinion piece on IPS News

  • Development Finance
  • IFIs
Julia Ravenscroft

The World Bank’s Evolution Roadmap needs a rethink to deliver for the global south, say more than 70 civil society organisations and individuals

As discussions on World Bank reform continue, the briefing makes six key recommendations in order to #RerouteTheRoadmap.

Read the briefing here

  • Development Finance
  • IFIs
Eurodad

Civil Society calls for rethink of World Bank’s Evolution Roadmap as part of wider reforms to highly unequal global financial architecture

Seventy-four CSOs and individuals from around the world are calling on the World Bank to first assess its development effectiveness and the impact of its private sector-first approach before designing its reform agenda.

Download the briefing

  • Development Finance
  • IFIs
Stephanie Derlich

A missed opportunity: The OECD DAC fails to address the erosion of aid during annual CSO dialogue

This blog unpacks last week's disappointing civil society dialogue with the OECD Development Assistance Committee.  

  • Development Finance
  • Aid Quality
Iolanda Fresnillo

The good, the bad, and the ugly of Macron's Global South summit

Last week's Summit in Paris ended without tangible results. Eurodad's debt expert, Iolanda Fresnillo, argues in EU Observer that it is time to leave distractions like the New Global Financing Pact behind and focus on more serious processes, where all countries can participate on an equal footing. 

Read the piece in full on EU Observer

  • Development Finance
  • Global Processes
Julia Ravenscroft

Summit for a New Global Financing Pact: A distraction which produced false solutions that we have heard before

The Summit fell far short of the policies needed to address the global debt crisis, the climate emergency, poverty and inequality - issues which can only be addressed in a fair and inclusive manner in the United Nations, and not in Paris.

  • Development Finance
  • Debt Justice
Eurodad

Rebranding or reshaping the global financial architecture?

#WorldBank #EurodadPolicyForum #DebtJustice 

  • Development Finance
Polina Girshova

Rebranding or reshaping the global financial architecture? MDBs reform, Bridgetown Initiative and the New Global Financing Pact: Key webinar takeaways

The world finds itself in a polycrisis with three proposals on the table: the Evolution Roadmap of the World Bank Group; the Bridgetown Initiative; and the Summit for a New Global Financing Pact, which takes place in Paris next week. To explore each of these initiatives further, Eurodad and partners organised a webinar which featured three experts who give their points of view: Daniela Gabor, Professor of Economics and Macrofinance at UWE Bristol, Liane Schalatek, Vice-Director of Boell Foundation North America and Mariama Williams,Director of the Institute of Law and Economics (ILE).

  • Development Finance
  • IFIs
Nerea Craviotto

Little to celebrate: An assessment of Official Development Assistance in 2022

Official Development Assistance (ODA or aid) reached a new all-time-high of US$204 billion in 2022, but behind the headline figures the data shows even higher inflation of ODA than witnessed in 2021. It is vital to make sure that the integrity of ODA is preserved to serve the needs of people across the global south rather than the interests of countries in the global north.

  • Development Finance
  • Aid Quantity
Eurodad

The World Bank’s Evolution Roadmap will not deliver climate justice

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. 

  • Climate Finance
  • IFIs