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Showing posts with the label Eurodad

OECD climate finance report confirms increasing reliance on private sector and loans

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Guest blog by Bertha Iris Argueta Tejeda, Senior Policy and Advocacy Officer, Climate Justice Eurodad - the European Network on Debt and Development. She is an economist, and t focused on public policy in general and on the agricultural sector in particular. Originally published here. The OECD’s latest report on Climate Finance Provided and Mobilised by Developed Countries (covering 2013-2024) confirms a significant shift in how climate finance for Global South countries is being delivered. While the US$ 100 billion climate finance goal was exceeded for the third consecutive year, this is not being driven by increases in bilateral public funding, but by a growing reliance on private finance mobilisation and multilateral development banks (MDBs). Meanwhile, adaptation finance continues to lag behind despite growing needs in many vulnerable countries. This shift raises important questions about the future of climate finance under the   New Collective Quantified Goal (NCQG) , wh...

Guest blog: IMF/WB Spring Meetings 2022 - As crises mount, failed and insufficient solutions from the IMF and World Bank must be replaced

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Guest blog by Eurodad.  This week’s IMF-World Bank Spring Meetings provided the strongest proof yet of the urgent need for reform to the global economic architecture and governance, as the spillovers from the Ukraine war increased the complexity of the multiple crises facing the world. The unprecedented accumulation of financial pressures quickly became clear: the worsening debt crisis and divergences in economic recovery from the Covid-19 pandemic have been compounded by inflationary pressures, food and energy price spikes, and by increasing political and social instability. According to  estimates from the World Bank , an additional 75-95 million people will be pushed into extreme poverty in 2022. Yet, while the IMF and World Bank both sounded the alarm on this untenable situation, neither institution - nor the G20 - presented the world with the ambitious solutions it needs and instead continued with either the same failed responses, or no clear plan at all. For example,...

Guest Blog: Public private partnerships undermine gender equality and women's rights

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Guest blog by:  Maria Jose Romero is policy and advocacy manager at the European Network on Debt and Development (Eurodad) This was originally published  on   Public Finance International .  The goal of private companies taking on public services is not the empowerment of women but delivering for their shareholders, says Eurodad's Maria Jose Romero.  Public-private partnerships are being actively promoted by donor governments and international financial institutions as a mechanism to fund social services and infrastructure projects around the world. PPPs are agreements where private sector companies replace the state as providers of traditional public services and infrastructure, such as health and education, transport, energy, and water and sanitation. With today being International Women’s Day and the next session of the UN Commission on the Status of Women fast approaching, now is the time to unpack how PPPs impact gender equality and women’s rig...