In April 2009, in the wake of the economic downturn and under pressure to ease the global credit crunch, the G20 leaders pledged $100 billion additional support for Multilateral Development Banks (MDBs) to mitigate negative impacts of the crisis on developing countries. At this point in time it is still unclear to what extent the money will be genuinely additional – that is, additional to MDBs budgets- but also additional to aid commitments pledged before the onset of the global crisis.
capital flight
Is the International Finance Corporation supporting tax-evading companies?
posted by Eurodad | Mon, 21/12/2009 - 14:06The European Parliament and the European Commission put tax on the development agenda
posted by Eurodad | Mon, 21/12/2009 - 13:24On December 9th the European Parliament and the European Commission co-organised a high level discussion on tax and development for combating poverty. Media links: http://www.ipsnews.net/africa/nota.asp?idnews=49634
Responsible finance: G8 and civil society proposals from Italy
posted by Eurodad News | Fri, 13/03/2009 - 16:08Monks used to sit in this Italian church contemplating the bible and the after life. I am debating responsible and democratic finance standards to guard against a new wave of harmful lending to developing countries. Everyone is convinced that the current rules that govern sovereign lending are full of loopholes and flaws, and that the announcements of official moves to fix them are inadequate and not to be trusted. That extends to today's G8 finance ministers pledge to create a so-called Lec...
Addressing development's black hole: Regulating capital flight
posted by fincrisis | Wed, 11/03/2009 - 14:13This report sets out evidence on the impacts of unregulated finance on developing countries, arguing that increased regulation and different policies are needed as a matter of justive and to improve stability for citizens in richer and poorer countries
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