Financial Transparency Coalition

The vast majority of Covid-19 recovery funds have gone to big corporations instead of toward welfare, small firms, or those working in the informal economy, according to the first major analysis of public bailout funds disbursed in developing countries during the pandemic.

The Executive Committee of the Financial Transparency Coalition (FTC) has appointed a new permanent Director. Matti Kohonen has succeeded Eryn Schornick, who helped steer the FTC to multiple policy successes over the past year as FTC interim director and who will remain as executive adviser to the Coalition. 

Exciting news – FTC is co-hosting a panel next Wednesday at the World Bank-IMF Civil Society Policy Forum! FTC, alongside FTC member Christian Aid and a number of other co-hosts, will have a fantastic panel to discuss the financial response to the pandemic, and resulting regressive tax policies and inequality. FTC and Christian Aid will also be revealing

The Financial Transparency Coalition (FTC) welcomes the landmark final report by the UN’s Financial Accountability, Transparency, and Integrity (FACTI) Panel, as it established a new global standard on financial transparency and tax co-operation, exceeding current international standards. We call on governments to urgently implement these new standards and expectations, and to support the public interest