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


#NewGlobalFinancingPact #LossAndDamage #CancelTheDebt #TaxTheRich #PublicServiceDay

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

Last week's Summit in Paris showcased the wide chasm between what the global south needs and what the global north is willing to concede. Eurodad's debt expert, Iolanda Fresnillo, argues in an opinion piece published by the EU Observer that it is time to leave distractions like the so-called New Global Financing Pact behind and focus on more serious processes, where all countries can participate on an equal footing. 

Read the opinion piece

Read Eurodad's press release 

Read the statement published by the The Civil Society Financing for Development Mechanism  

Read Latindadd's reaction (Spanish)

Read a collective opinion piece published in Le Soir (French)

Please see below for details of a webinar that followed the summit.


Cancel the debt now to deliver climate justice! - Sign the statement

Global south debts must be cancelled to allow governments to tackle the climate crisis, address inequalities and invest in their peoples’ wellbeing. 165 organisations have already joined the campaign "Cancel the debt for climate justice", launched on 22 June by a coalition of CSOs.

Read more and sign the statement


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

Eurodad's Stephanie Derlich unpacks last week's disappointing civil society dialogue with the OECD Development Assistance Committee.  

Read more

Strong, universal and gender-transformative public services remain unachievable without tax justice

by Global Alliance for Tax Justice

This article, published on Public Service Day, features messages of solidarity from around the world, including from Eurodad.

Read the article 


Poor people being bypassed or bankrupted as rich countries pour development billions into private healthcare 

by Oxfam International

This week, Oxfam has published two shocking investigations on DFI funding into private hospital chains and other for-profit healthcare corporations operating in India, Kenya, Nigeria, Uganda and other global south countries. 

Read the press release 

Read the report "Sick Development"

Read the report "First, do no harm"

Supporting patients or profits? Analysing engagement of German developmental agencies in the Indian private healthcare sector

by Support for Advocacy and Training to Health Initiatives (SATHI)

Healthcare has become a lucrative area for growth of investments globally. In contemporary India, this sector continues to be increasingly commercialised, supported by both international development institutions and many domestic governments. This study critically analyses the engagement of German developmental agencies’ financial commitments with private healthcare providers in India, and attempts to offer insights into their impacts on access to healthcare with an equity lens. 

Read the report

Unpacking the Bridgetown initiative: a systemic feminist analysis & critique

by WEDO - Women’s Environment & Development Organization

This analysis looks at where the Bridgetown Initiative came from, and the opportunities, challenges and risks that it presents, from a systemic feminist perspective. 

Read the report

Useful resources

Webinar recording - Decoding the New Global Financing Pact Summit: Critical reflection from the lens of climate, debt and tax justice

The webinar critically assessed the outcomes of the New Global Financing Pact (held as a Summit on 22-23 June) and its implications. The speakers outlined what it required for states to meet their obligations under international law, and the unmet needs of reforms to global financial architecture. They cover areas such as international tax cooperation, debt cancellation, financing for development, reform of multilateral development banks, and approaches to climate finance.

Rewatch the webinar in English, Spanish or French 


10 and 12 July | Defining just transition pathways: a global south exchange

by Recourse, APMDD and Powershift Africa

This two-part online discussion aims to develop the capacity of civil society organisations in the Global South to campaign for the right kind of financing for a just transition to renewable energy economies and share best practice recommendations on renewable energy campaigning at the country, community and project levels. 

Register here

This newsletter has been produced with co-funding from the European Union, Bread for the World and Norad. The contents of this publication are the sole responsibility of Eurodad and can under no circumstances be regarded as reflecting the position of the funders.