Development Finance International
16 March. Latest DFI Activities / Missions
During the first ten weeks of 2010, DFI has participated in World Bank Debt Management facility missions to Nepal (Debt Management Performance Assessment) and the Solomon Islands (Debt Management Reform Programme), Inter-Parliamentary Union Missions to Cambodia and Vietnam looking at the potential role of parliamentarians in increasing aid effectiveness; an UNCTAD consultation on South-South Cooperation; reviews of profiles of major Southern donors for Oxford Analytica; and several consultations on legal action against vulture funds, and financing the MDGs.
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15 March. Public Finance Sustainability in Subnational Governments
The HIPC CBP produced its penultimate publication, designed to assist developing countries to analyse the sustainability of public finances and borrowing by decentralised government entities such as provinces, regions and municipalities. It has been written by CEMLA based on a major pilot programme in Bolivia, and presents the key analytical issues and framework, a system for assessing capacity-building needs, and the results of the Bolivia pilot programme. Work on this methodology is to continue under the next post-CBP phase of CEMLA's public debt management programme.
March-April – FPC CBP Closing Workshops in Francophone Africa (Abidjan, Ouagadougou).
Burkina Faso and Cote d'Ivoire closed their first FPC CBP cycles during this period, presenting high-quality reports to national public and private sector stakeholders. Benin, Cameroon, Mali, Niger and Togo are also finalising their reports and preparing their closing workshops. Their analytical reports will soon be available on this site for download.
20 February. Private Capital Flows to LICs: Dealing with Boom and Bust
The FPC CBP released its final publication, analysing the impact of the global financial crisis on private capital flows to LICs. It is based on the analytical work conducted by the country teams in the FPC CBP participating countries, and contains many recommendations on how to maximise the contribution private flows make to development in LICs by reforming the global financial architecture, increasing and stabilising flows, changing their composition, accelerating diversification of sources and destinations, promoting dynamic sectors, responding to investor perceptions, and enhancing LIC monitoring, analysis and policymaking capacity. "Book Launch Tuesday 27 April 2010 from 17.30 - 19.00, at the Overseas Development Institute and online"
10 February. Haiti Earthquake Brings Debt Cancellation
In 2009 CEMLA and DRI began a programme of intensive assistance to improve Haiti’s debt strategy, analysis and management, funded by CIDA. Following Haiti’s devastating earthquake the international community has been calling for creditors to cancel the country’s outstanding debt. One of the first countries to do so has been Venezuela which announced it will cancel Haiti’s debt of about US$290 million. In July 2009 Haiti received US$1.2 billion in debt relief from its major IFIs and Paris Club creditors having reached its HIPC completion point. However this relief only covered debts incurred before end-2004. Since then Haiti has accumulated new debts and at the time of the earthquake Haiti owed US$890 million, of which about US$281 million is owed to the IMF including a new disbursement of US$114 million following the earthquake.
For more details click here www.eurodad.org/, www.jubileedebtcampaign.org.uk and www.imf.org/external/.
