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The Private Sector Window in World Bank’s IDA20: Where exactly is the development impact?

The proposed increase in the International Development Association's much criticised private sector window ignores civil society's concerns that it lacks adequate safeguards and reporting mechanisms to ensure that this is the best use of IDA resources. In this blog, we set out the case for redirecting these resources towards public investment.

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Please also click here to read Eurodad's submission to the World Bank's IDA20 consultation.

News

A guide to IMF surcharges

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. This guide explores how IMF surcharges work and provides an overview of the costs they impose on IMF borrowing at the global and country level. The large costs associated with surcharges are unjustified in the current global health crisis.

Useful resources

Missing Links: How climate change remains peripheral to IMF economic surveillance activities

By Recourse

This report tests whether bilateral economic surveillance effectively is playing the central role that the IMF claims, in the Fund’s reorientation as an actor to facilitate the green transition on the basis of the experience of economic surveillance of three countries — Indonesia, Philippines and Vietnam.

Out of the shadows: Integrating climate change into IMF technical assistance

By Recourse

This report examines several recent IMF technical assistance reports and assesses the extent to which the assistance provided was compatible with meeting climate change objectives, as set out in Nationally Determined Contributions under the Paris Agreement.

Austerity redux: The post-pandemic wave of budget cuts and the future of global public health

By Alexander Kentikelenis, Thomas Stubbs

Is austerity a thing of the past? In this article, the authors review available evidence, focusing on public spending projections by the IMF and the precise content of IMF lending arrangements.

Green deals: Where is global justice?

By Observatori del Deute en la Globalització

This policy paper collects Global New Green Deal proposals responding to climate, social and economical emergencies with global justice.

Latindadd frente a los resultados de la COP26: Luces y Sombras de la COP26 de Glasgow

By LATINDADD

Read LATINDADD's analysis of the highs and lows of COP26 (in Spanish).

Job vacancies

Network co-ordinator - University Network for Strengthening Macrofinancial Resilience to Climate and Environmental Change (Deadline: 12 December)

Upcoming events

6-8 December | Tax justice and gender equality conference 2021

Organised by the Global Alliance for Tax Justice (GATJ) and the members of its Tax and Gender Working Group, the Conference aims to create spaces to share, discuss and develop alternative perspectives to establish a sustainable feminist taxation and economic system for the realisation of substantive gender equality and women’s rights.

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.