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New Report: Global financial flows, aid and development
March 21st, 2013
This paper, written by Eurodad for CONCORD’s Aidwatch coalition sets out all the financial resources potentially available for development, examines their key characteristics, and discusses their poverty and sustainable development impacts, and the implications for aid. This discussion could not come at a more important time. Aid is under severe pressure as donors seek to cut budgets and to reorient aid to more clearly attribute direct ‘results’ to it. Recent initiatives at European and donor level have sought to change the focus of the aid debate towards stimulating the private sector, including emphasizing the role of private flows, particularly foreign...
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Kony 2012, Social Media, and a Plea for Complexity
March 14th, 2012
If you’re not one of the 112 million people to have already watched Jason Russell's Kony 2012 video on YouTube, you might be inclined to tune in here first. Kony 2012 is part-documentary, part-over-produced-Hollywood-flick that has engendered an enormous amount of attention and emotion on Facebook, Twitter, and blogs. It concerns Joseph Kony, a warlord from Uganda who, with the help of his forces, the Lord’s Resistance Army (LRA), has abducted and enslaved tens of thousands of children in his own country, as well as the Democratic Republic of the Congo, South Sudan, and the Central African Republic. He remains...
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The IFC’s incomplete approach to offshore abuse of aid
December 9th, 2011
The World Bank Group’s new policy on offshore financial centers will aim to improve the effectiveness of its private sector arm by helping countries tackle tax evasion but effective rules must be made for partner companies. As part of the World Bank Group, The International Finance Corporation (IFC) has a mission to promote development. The IFC uses public aid money, to fund private companies’ operations in poor countries, which should generate growth and increased government revenues. But reports by IBIS and Eurodad found these companies using tax havens, taking revenue from those countries that they are meant to benefit.
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