Noticias
10 December - WaterAid’s New Report: “Releasing the Flow”
Based on research by Development Finance International, the WaterAid’s new report “Releasing the Flow” concentrates on the capacity to use available funds for water and sanitation in five countries in Sub-Saharan Africa - Ethiopia, Mozambique, Rwanda, South Africa and Uganda. The research suggests that effective leadership from government – at national, regional and local level – is a key factor for success.
In all case studies there is evidence that strong political will has translated into positive action on absorption of funds, greater transparency and improved water and sanitation services for people and communities. Other critical factors include the availability of skilled human resources, the balance between recurrent and capital funding for local government, and the quality of co-ordination and communication between major stakeholders.
You can also download the DFI global study.
1- 4 December - Policies and TA for Progressive Domestic Resource Mobilisation, Dakar
DFI facilitated a workshop for OIF and the Senegalese government, at which the draft study on Domestic Resource Mobilisation in OIF IDA Countries was presented to senior officials from 11 OIF member states. It was also used as the basis for discussions on their technical assistance needs. The event was also attended by tax experts from CREDAF, FERDI, the IMF, LSE, the OECD, Oxfam, UEMOA, UNDP and the World Bank, and ATAF, ICRICT and CEMAC supplied contributions.
Nov-Dec - Maintaining Debt Sustainability Through Productive Expenditure, Kigali & Accra
DFID has commissioned DFI to conduct a study of best practices among developing countries in keeping their public debts sustainable, by ensuring that funds borrowed are spent on “productive expenditure”.
Two missions were held in Rwanda (9-13 November) and Ghana (7-11 December) during which DFI conducted interviews with around 20 key stakeholders. The production of a case study report was also planned with the local team.
23-25 November - UNCTAD Debt Management Conference, Geneva
DFI participated in the 10th UNCTAD Debt Management Conference on Debt Management for Inclusive and Sustainable Development, attended by more than 200 debt experts from all over the world. DFI spoke on the issue of Managing the Fiscal Risks of Contingent Liabilities, emphasising measures which should be taken to avoid and reduce contingent liabilities ex ante rather than managing them ex post. The presentation and more details of the conference can be found here.
12 November - New Report on Global Corporate Tax Avoidance
A study published jointly by four organisations is advocating for further reform of the global tax system. This new research by the Tax Justice Network, the Global Alliance for Tax Justice, Public Services International and Oxfam International reveals that even G20 countries are affected by tax dodging by US multinationals. However, low-income developing countries remain the hardest hit because corporate tax revenues comprise a higher proportion of their national income, which translates in cuts to essential services.
