War in Ukraine: demanding increased financing in humanitarian assistance, development and peace

#ODA #TaxJustice #MonetaryPolicies #FfD #ClimateFinance #EurodadIC22 

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War in Ukraine: demanding increased financing in humanitarian assistance, development and peace

by DAC-CSO Reference Group

CSOs across the world that are members of the DAC-CSO Reference Group have issued a joint statement on ODA at the time of Russia's war against Ukraine. Eurodad is one of the signatories to this statement. It calls upon the donor community to mobilise additional resources to address the short- and long-term consequences of the conflict, considering that the current geopolitical crisis and resulting food price spikes could make 2022 the worst year yet for hunger, human insecurity and risks of social and political unrest.

Read the full text here.

News & analysis

Eurodad reaction to the European Commission’s proposal to tackle the debt-equity bias in taxation (DEBRA)

In the midst of a very difficult economic situation, it has never been more urgent to repair our broken tax system, including by addressing large-scale corporate tax avoidance. Instead of removing the tax loopholes related to debt financing, the European Commission is instead suggesting the introduction of new tax incentives related to equity financing, which could potentially open up new avenues for corporate tax avoidance.

Read Eurodad's press release here.

Advocacy on monetary policies for economic justice: A handbook for civil society

co-authored by Eurodad

The handbook is the outcome of a project led by ActionAid International, Eurodad, INESC (Brazil), SEATINI and CEHURD (Uganda), SIKKA (Tanzania), and WEMOS, aimed at exploring ways to increase civil society engagement in the monetary policy arena. It intends to provide the basic tools to economic justice activists and organisations for understanding how monetary policies work and how they interact with the economy.

Take a look at the handbook here. 

Join the handbook launch webinar on 23 May to learn more about its contents and discuss CSO work on monetary policies. 

Register for the webinar here. 

Useful resources

UN Financing for Development Forum 2022

by Global Policy Forum 

This year's Financing for Development Forum again addressed many relevant issues but made few concrete decisions. Pressure is therefore growing to convene a new International Conference on Financing for Development at the level of heads of state and government. However, at this year's FfD Forum, the G77 was not yet ready to set a concrete date and mandate for FfD4.

Read the article here.

2022 EU Investing in Sustainable Development Report

by Bodo Ellmers, Global Policy Forum

With some delay, the European Commission has published the new "Investing in Sustainable Development Report" which is supposed to review the implementation of the UN agreements on financing for development in the EU and its Member States. In reality, the report does not really have the character of an independent evaluation and is primarily used by member states to highlight their flagship projects rather than disclose their shortcomings.

Read the review here.

IMF Projects No Losses if Surcharges Are Removed

by Center for Economic and Policy Research

The International Monetary Fund (IMF) plays a central role in the global economy, but many economists don’t have a full picture of the Fund’s finances. This article explains the IMF's sources of income and why surcharges could be removed safely without threatening the sustainability of the IMF’s finances. 

Read the analysis here. 


9-10 June | Eurodad Conference 2022

Taking place in Brussels on 9-10 June, Eurodad’s Conference will bring together our members, allies, partners and like-minded academics in an inspirational and interactive setting. 

It is also possible to follow the conference via live stream. You will be able to ask questions to the speakers via the chat function.  

Register for the live stream here.

3-31 May | Webinar Series "Skilling-up on Climate Finance"

Join us for the third and final webinar of Eurodad's climate finance webinar series, where we will take a deep dive into public climate finance flows, transparency of climate finance, and the gender dimensions of climate finance. This webinar series is available in English, French and Spanish.

Register for the sessions here. 

24 May | Financial Secrecy Index webinar

co-organised by Tax Justice Europe and Tax Justice Network

In this webinar, Tax Justice Network will introduce the findings of this year’s Financial Secrecy Index and provide a space for partners and allies to discuss how it might be deployed in advocacy work.

Register for the webinar 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.