Development Finance

Julia Ravenscroft

Over half of the World Bank's emergency funding to tackle the Coronavirus crisis goes to the private sector

  • Almost 60 per cent of the Bank’s fast track Covid-19 Facility (US$ 8 billion) is being allocated through its private sector arm, the International Finance Corporation (IFC)
  • Publicly available information indicates that as of June 2020, 68 per cent of IFC Covid-19 projects targeted financial institutions
  • It also shows that 50 per cent of IFC-supported companies are either majority-owned by multinational companies or are themselves international conglomerates
  • Publicly-backed Private Finance
  • Covid-19
Maria Jose Romero

Never let a pandemic go to waste: How the World Bank’s Covid-19 response is prioritising the private sector

The Covid-19 pandemic has triggered health, economic and social crises of unprecedented proportions that have the potential to seriously undermine the (already slow) progress made by developing countries towards achieving the Sustainable Development Goals.

  • Publicly-backed Private Finance
  • Global Processes
Nerea Craviotto

Joint civil society submission to the November 2020 OECD Development Assistance Committee High Level Meeting

The upcoming Development Assistance Committee (DAC) High Level Meeting (HLM) provides an opportunity for DAC Members to commit to doing development better. This joint civil society submission represents the views of a group of 26 civil society organisations (CSOs) from the global south and the global north.

  • Aid Effectiveness
  • Covid-19
Jan Van de Poel

Eurodad response to the DAC’s agreement on reporting debt relief as ODA

Today the OECD Development Assistance Committee (DAC) – the group of countries that regulate how aid should be reported – agreed new rules for reporting debt relief as Official Development Assistance (ODA). Eurodad regrets that donor governments decided to rush an agreement, which allows them to report additional ODA for debt relief.

  • Aid Effectiveness
  • Covid-19
Eurodad
Nerea Craviotto

Donor countries urged not to weaken the rules for reporting ODA

CSOs are urging donor countries not to change the rules for reporting debt relief as Official Development Assistance (ODA) when they meet this Wednesday (15 July)

  • Development Finance
Nerea Craviotto

Joint civil society submission to the July 2020 OECD Development Assistance Committee meeting addressing Debt Relief reporting measures

This submission represents the views of a group of 25 civil society organisations (CSOs) from the global south and the global north.

  • Aid Effectiveness
  • Aid Quality
Eurodad

Donor countries will undermine the integrity of aid if they continue reporting debt relief as ODA

#Covid-19 #CSO #EIB #ODA #EU #InternationalDevelopment #DevelopmentAssistance #SDGs

  • Development Finance
  • Covid-19
Leia Achampong

Joint CSO Letter on the EIB Climate Bank Roadmap

The dual crises of Covid-19 and climate change represent an opportunity for the European Investment Bank (EIB) to become the world's first Climate Bank. 2020 also marks the year in which the EIB will develop a Climate Bank Roadmap.

  • Climate Finance
  • Covid-19
Jan Van de Poel

Donor countries will undermine the integrity of aid if they continue reporting debt relief as ODA

Debt relief should not be reported as ODA. In the coming weeks, DAC members need to decide what is most important to them: allowing ODA double counting and inflation to create incentives to reward debt relief or upholding the credibility, integrity and solid reputation of DAC statistics.

  • Development Finance
  • Aid Quality