The African Development Bank has released the 2014 edition of its African Development Report. Launched in the Bank’s new headquarters in Abidjan, Côte d’Ivoire, this new installment focuses on the theme of “Regional integration at the service of inclusive growth".
Since the independence decade of the 1960s, regional integration has played an essential role in the continent’s development and this report aims to discuss its relevance, 50 years later, in a changed and globalised world.
In six chapters, this publication makes a critical examination of the developments over the last five decades in terms of economic and political integration by exploring the importance and role of regional economic communities; the impact of regional infrastructure; the implications of the interregional migration of factors of production; regional financial integration and the platforms required to raise its impact on regional commerce and economic growth; and how best to link Africa to global production and trade through regional value chains.Leer más...
GSW is currently working on a piece of research on behalf of WaterAid to carry out an analysis of financial absorption in the water and sanitation sector. The study aims to shed more light on the paradox of why high levels of water and sanitation poverty and an under-resourced sector can co-exist with available but unused funds. Budget tracking studies of the water and sanitation sector reveal that budget execution rates for many developing countries are significantly lower than the allocations available at the beginning of the financial year.
The reasons for low financial absorption can vary considerably, and may include weak human resource capacity and skills at different stages of the delivery chain, high transaction costs caused by fragmented donor activity, the slow pace of fiscal decentralisation, or an inappropriate mix of recurrent and capital funding.Leer más...
DFI assisted New Rules for Global Finance to organise two recent events in New York and Washington DC. The first was a public panel in Washington, sponsored by the Heinrich Boell Foundation, in which representatives of the US government, developing countries and civil society examined Turkey’s agenda for its Presidency of the G20 in 2015, where Senegal spoke on Francophone countries’ priorities.
The second was a side-panel during the FfD events in New York, on Public-Private Financing Partnerships, at which Senegal presented its experiences of PPPs, together with representatives of the World Bank, civil society and the private sector. For more details of both events, consult New Rules’ website.
DFI will partner with the Overseas Development Institute (ODI) in organising a conference financed by the Gates Foundation, to be held in Accra in March 2015. The conference will help to prepare the UN Financing for Development conference in Addis Ababa in July.
DFI’s role will be to help mobilise senior developing country policymakers, and to organise plenary and technical sessions where senior developing country officials explain their financing strategies, as well as role-playing sessions demonstrating the complexities of mobilising suitable financing. DFI participated in the recent CAPE conference at ODI on 12-13 November during which preparatory meetings were held for the Accra conference.
DFI assisted the Organisation Internationale de la Francophonie to prepare with the participation of several Francophone developing country participants in the opening informal sessions of the Financing for Development (FfD) negotiations in New York, which will culminate in the FfD Conference to be held in Addis Ababa on 13-16 July 2015. Ministers and officials from the Democratic Republic of Congo and Senegal spoke on debt relief, partnerships for development and international and domestic tax policy.
DFI will be funded by the Swiss State Secretariat for Economic Cooperation (SECO) to provide debt strategy assistance to the Government of Sudan. The assistance will consist of two missions and two workshops, reinforcing Sudan’s debt management institutions, training officials in debt strategy analysis techniques, and producing a strategy document to guide Sudan’s potential progress in clearing debt arrears, moving through HIPC and MDRI debt relief, and mobilising longer-term financing for its development.
DFI helped to facilitate a seminar and conference on the IMF and World Bank, run by the Bretton Woods Project and the Observatoire Tunisien de l’Economie (OTE), for around 50 government officials, parliamentarians, civil society and the media. DFI spoke on IMF technical assistance, IMF and World Bank transparency, and the role of the IMF and World Bank in social spending and social protection. For details of DFI’s interventions, please contact DFI.
The ILO has published the World Social Protection Report 2014 -2015 which highlights the importance of more investment in social protection in order to overcome inequality, tackle extreme poverty and foster more inclusive growth. The report uses some of Government Spending Watch (GSW) data to show how much some countries are spending on social protection, drawing conclusions that financing is currently insufficient to expand coverage to all. This reflects GSW's own analysis of social protection spending.
This ILO study gives a great overview of what each country has been doing on social protection over recent years which builds into an excellent global picture and overview of social protection systems and policy. It reviews social protection for children, women and men in working age, older persons, and reports on progress towards achieving universal health coverage. It also analyses recent trends, such as the impact of austerity programmes in the aftermath of the financial crisis. Read GSW’s view on this report and the caveats related to gathering social protection data in this blog by GSW Programme Manager Jo Walker.
Tax avoidance and evasion cost developing countries billions of dollars every year in lost revenue, a report by Eurodad claims. The research, aimed to inform and support CSOs’ tax justice advocacy work, finds that government-controlled Development Finance Institutions (DFIs) play a central role in this by providing a low taxation environment and financial secrecy for private sector projects through tax havens. This report makes a critical analysis of multilateral and bilateral DFIs in terms of their use of tax havens but also of their level of portfolio transparency. It argues that as institutions whose aim is to reduce poverty and contribute to sustainable development, DFIs now have an opportunity to set an example of best practice in terms of fair taxation, transparency and accountability, and makes recommendations for DFIs to contribute to establishing the highest standards of responsible finance.
In a context of increasingly complex sovereign debt situations coupled with the inadequacy of instruments currently used to tackle them, Eurodad has published a briefing analysing recent reform proposals to manage future debt crises by international organisations. Written primarily for the attention of European parliamentarians and focusing of the UN and the IMF, the note makes recommendations as to the role of Parliaments and steps that legislators and decision-makers can take to ensure that Europe influences future effective debt workout mechanisms that are responsible and fair.Leer más...
Oxfam has launched its major report "Even it Up. Time to end extreme inequality" which presents evidence that the gap between rich and poor is growing ever wider and is undermining poverty eradication. It delves into the causes of the inequality crisis and looks at the concrete solutions that can overcome it.