Eurodad published a new report on public development banks, entitled "Public development banks: towards a better model".

The report draws on a wide range of existing research and finds there are four main roles that public development banks (PDBs) can play to improve the impact of the financial sector on development.

Public development banks (PDBs) are enjoying a resurgence. The global financial and economic crisis has stimulated new interest in PDBs, particularly given the important role they play in providing counter-cyclical financing when private capital is in short supply. In recent years, several countries have established new national and multilateral PDBs, and at the global level they have been recognised for the role they play in the United Nations Financing for Development process.

Last week the UN Committee of Experts on International Tax (UNTC) met at the United Nations HQ in New York, a few metres from the Security Council meetings on Syria, followed by a special session on tax of the Economic and Social Council (ECOSOC). The undercurrent of the detailed technical discussions during the week has been a crisis of global tax governance. While, for example, the grand-sounding Addis Tax Initiative included a commitment to double the aid for tax issues to developing countries, very little has come to the UNTC.

ICAE announces the ICAE Virtual seminar 2017 - on the topic of “The new Skills Agenda for Europe” The seminar is free of charge, open to anyone and will start on May 2nd.

 The webinar will take place next May 2nd at 14:00 (Brussels Time) in English language.

More than eight years after the global financial crisis exploded in late 2008, economic growth remains generally tepid, while ostensible recovery measures appear to have exacerbated income and other inequalities.

Yet, despite the G-20 group of the world's largest economies raising the level, frequency and profile of its meetings, effective multilateral cooperation and coordination remains a distant dream.

Nearly 7,000 civil society organizations and trade unions have signed a letter to their respective heads of state and government calling for redoubling efforts to implement a Financial Transaction Tax (FTT), also known as the 'Robin Hood tax'. The petition was submitted on the occasion of the European summit held in Rome to commemorate the 60th anniversary of the Treaty of Rome.

CSOs point out that such a tax on financial transactions would entail a minimum income of € 20 billion a year, and that revenue should be used to meet social needs such as financing global public goods such as health, education and the fight against poverty and climate change. In addition, this measure would restore the stability of markets, the prevention of future crises such as the one that shook Europe and the world in 2007-2008.

Syndicate content