Noticias
8 October - LICs Demand Climate Finance and Global Tax Reform
Francophone Finance Ministers from LICs met on 8th October in Lima, Peru, in the margins of the World Bank and IMF Annual Meetings. The meeting was chaired by Mr. Amadou Ba, Minister of Economy, Finance and Planning of Senegal, represented by Mr. Abdoul Aziz Tall, Minister at the Presidency in charge of the Plan Sénégal Emergent, and co-chaired by Mr. François Maurice Gervais Rakotoarimanana, Minister of Finance and Budget of Madagascar.
28 September - 5th October - MTDS Mission to the Maldives
DFI joined a World Bank MTDS mission to Malé, The Maldives. 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 The Maldives. In the process, the team provided training on basic cost-risk analysis, data preparation, and preparation of a debt management strategy document.
22 September - Strengthening Domestic Resource Mobilisation, Washington
DFI helped to coordinate this seminar for New Rules, which brought together experts from the IMF, World Bank, developing and developed country governments and the private sector. DFI also made a presentation on the need for fundamental global tax reform going beyond the BEPS initiative and the Addis FfD conference, and the implications for technical assistance needs for low and lower-middle income developing countries.
10 September - Beyond Addis: How Can We Finance the SDGs?
Did the Third International Conference on Financing for Development deliver and meet expectations? And how should the Sustainable Development Goals (SDGs) be financed?
In this blog hosted by the United Nations Research Institute for Social Development (UNRISD), Matthew Martin reflects on the outcomes of the Conference held in Addis Ababa last July and its implications on the financing of the SGDs, and makes recommendations to ensure they are efficiently financed.
26 August - UN Adopts New Principles on Sovereign Debt Restructuring Processes
Last month in New York, the first UN Principles on Sovereign Debt Restructuring Processes were unanimously adopted by the UN General Assembly.
Agreed at the Ad Hoc Committee on Sovereign Debt Restructuring Processes, this set of nine principles builds on the UNCTAD Roadmap released earlier this year and is intended to guide future restructuring processes. It could serve as a basis for future deliberations in this area and seeks to limit the actions of vulture funds.
A formal UN GA Resolution is to be adopted during the next General Assembly, which will officially adopt the new UN principles by not just the Committee but the whole General Assembly, and mandate a follow up process.
