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Monday, 25 June 2012 00:00

In the last 8 months, Development Finance International has expanded its advocacy work on debt, aid and innovative financing, increased its in-country capacity-building support on debt management (through an enhanced partnership with the World Bank, read more...

 
Monday, 11 June 2012 15:05

CommonwealthDFI is leading the production of a Handbook on Innovative Financing for Development for the Commonwealth Secretariat. The Handbook, due to be published in Q3 2012, uses a unique set of Principles to help developing countries to identify and assess a diverse range of new instruments in order to plug the huge development financing gaps necessary to meet their MDGs, address environmental challenges, and respond to exogenous shocks. It also raises awareness of innovative instruments presently under discussion. The Handbook is being targeted primarily at decision makers in developing countries.

 
 
 
Tuesday, 26 June 2012 00:00

TajikistanA joint DFI and World Bank mission visited Tajikistan. The mission took place at the request of the Ministry of Finance, and focused on providing technical assistance in debt management strategy formulation. The mission shared the Bank-Fund framework for Medium-Term Debt Management Strategy (MTDS) development, and jointly with a government team, applied it to Tajikistan. In the process, the team provided training on basic cost-risk analysis, data preparation, and preparation of a debt management strategy document.

 
 
 
Friday, 01 June 2012 00:00

AFDB_Annual_Meeting_2012DFI presented the main findings of the client assessment of the African Development Bank to its Governors’ Dialogue on the long-term strategy, and to a consultative conference of CSOs, at the Annual Meetings of the African Development Bank in Arusha, Tanzania. The report will be presented formally to the AfDB Board, and published in time for the African Development Fund replenishment dialogue in Q3.

 
 
 
Wednesday, 23 May 2012 00:00

EU_on_FTTThe European Parliament adopted by strong majority proposals for an EU-wide financial transaction tax. Following the recent French legislation for a unilateral FTT to be implemented in France from August 2012, Parliament approved the tax rates proposed by the Commission, 0.1 per cent for transactions of shares and bonds, and 0.01 per cent for derivatives. The adopted text also confirms that the additional revenue generated will also be used 'for specific policy purposes, such as development aid and fighting climate change', a step in the right direction for LICs' ministers who have been campaigning for an FTT and other innovative financing mechanisms.

 
 
 
Monday, 21 May 2012 00:00

The_State_of_DebtThe report, The State of Debt: Putting an end to 30 years of debt crisis, investigates the external debts of both governments and the private sector in low and lower middle income countries. The report’s author, Tim Jones said, “The rich world is currently gripped by a debt crisis caused primarily by reckless lending and borrowing between private banks. Worryingly, this kind of dangerous debt is now on the increase in impoverished countries, at a time when world leaders think the problem of Third World Debt has been solved". Perhaps the report’s most startling finding is that three of the countries that had some of their debt cancelled in response to the global Jubilee campaign – Mozambique, Ethiopia and Niger – are all soon expected to be spending as much on foreign debt payments as they were before receiving debt relief.

 
 
 
Tuesday, 29 May 2012 10:07

ECOSOCDFI supplied a resource person for the UN Development Cooperation Forum symposium in Brisbane. Participants discussed the need for the post-2015 Development Agenda to be based on economically, socially and environmentally sustainable development, and what this would mean for delivery of aid, financing and partnership mechanisms, mutual accountability and the international architecture.

 
 
 
Tuesday, 29 May 2012 09:55

AfghanistanDFI has been commissioned to support the Government of the Islamic Republic of Afghanistan in building a Mutual Accountability Framework to hold the government and its development partners responsible for delivery of aid results, after the international conference in Tokyo scheduled for July 2012.

 
 
 
Tuesday, 29 May 2012 14:23

AFDB_GlobeMatthew Martin and Professor Ngaire Woods of Oxford University visited the African Development Bank in Tunis to hold discussions with Bank management on the findings of their Client Assessment report on the Bank. The meetings were extremely positive and led to agreement on many concrete steps to pursue the recommendations.

 
 
 
Thursday, 17 May 2012 15:20

HaitiAs part of the Debt Management Capacity Building Program managed by CEMLA and financed by CIDA, CEMLA/DRI visited Port-au-Prince for 2 joint capacity building missions. The first aimed at enhancing capacity in debt sustainability and debt strategy and to update the public debt database in order to prepare the various debt data projections and macroeconomic projections required for the debt sustainability analysis and Medium Term Debt Strategy (MTDS). The second mission was to familiarise staff of the various institutions with the methodology on new financing elaborated by DRI. The training welcomed nineteen participants from the Ministry of Economics and Finance, the Ministry of Planning and External Cooperation, and the Bank of the Republic of Haiti.

 
 
 
Tuesday, 29 May 2012 13:45

Spring_Meeting_2012_2Francophone LIC Finance Ministers met in Washington DC under the co-presidency of Cambodia and Cameroon. At a press conference, they demanded fair representation in the G-20 and the Financial Stability Board, further progress on innovative financing, debt relief, and aid quantity and quality. Combined with a substantial lobbying process by the Global Campaign Against Poverty, these discussions resulted in a rapid reconfirmation of Africa’s seats at the G-20 table. For a copy of the communiqué, click here.

 
 
 
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