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Spotlight 2019: Reshaping governance for sustainability

The 2019 Spotlight Report report dives more deeply into the (global) governance arrangements and institutions that will be necessary to implement alternative policies and to unleash the transformative potential of the SDGs. It offers analysis and recommendations on how to strengthen inclusive and participatory governance and to overcome obstacles and gaps in the implementation of the 2030 Agenda and the SDGs. In doing this, it poses a strong call to action to world leaders just in advance of the SDG Summit in September 2019.

Source: www.2030spotlight.org

Development, Untied: Unleashing the catalytic power of Official Development Assistance through renewed action on untying

In 2015 alone, donor governments around the world spent around US$55 billion – or more than 44 per cent of Real Official Development Assistance (ODA) – on the procurement of goods and services. Such high budgets have the potential to catalyse far-reaching change in the global south. ODA procurement can build local supply chains for essential goods such as foods and medicines; it can incentivise local companies to act in equitable, socially responsible and environmentally sensitive ways; and it can start a chain reaction of local economic growth by getting vital cash into the hands of small businesses in the global south.

Source: eurodad.org

Argentina: 20 Years on, Has the IMF Really Changed Its Ways?

Argentinians are experiencing deja-vu this month as the government announces massive layoffs and a hiring freeze as part of an adjustment package attached to a loan from the International Monetary Fund (IMF). Thousands of public servants are being forced yet again to swallow the bitter pill of austerity, which the IMF programme – published last Friday – aims to patch up through increased targeted social assistance.

Source: triplecrisis.com

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Development, untied

In 2015 alone, donor governments around the world spent an estimated US$55 billion – or more than 44 per cent of Real Official Development Assistance (ODA) – on the procurement of goods and services. Such high budgets have the potential to catalyse far-reaching change in the global south. However, ‘tied’ ODA procurement, which requires goods and services to be sourced from companies in the donor country, puts the commercial priorities of firms based in rich countries before development impact. This report by Eurodad is calls for a series of key steps and recommendations for bilateral and multilateral donors as well as for international decision-making bodies.

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Towards a More Coherent, Integrated View of Financing Sustainable Development

This publication includes two studies. The first study “Supporting more holistic national policy making in the financing of development” by Barry Herman looks into conceptual approaches of integrated planning reviewing past and current trends on the road to integrated financing frameworks, complemented by an overview of selected analytical tools. The second study “Financing for Development and the SDGs: An analysis of financial flows, systemic issues and interlinkages“by Jesse Griffiths assesses fundamental interlinkages, synergies and trade-offs between various financial flows that underpin the Addis action areas. The studies have been supported by the Deutsche Gesellschaft für InternationaleZusammenarbeit (GIZ) GmbH.

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'Blended Finance' - Lipstick On The Public-Private Partnership Pig?

Tom Groenfeldt, FORBES. Public Private Partnerships, (PPPs), which are a controversial source of funding for government projects, are back at the current World Bank IMF meetings in Washington, under a new name — Blended Finance. Proponents say that blended finance is a way to fund the $2.5 trillion a year needed to “support progress towards the Sustainable Development Goals (SDGs) set forth by the United Nations." While the name is new, the concept of joint funding isn't. Wikipedia says that “The concept of blended finance was first recognized as a solution to the funding gap in the outcome document of the Third International Conference on Financing for Development in July 2015.”

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Interview: Crisis Narratives and Debt in the Caribbean (Don Marshall, Tetteh Hormeku-Ajei)

In this 7-minute video, Third World Network-Africa's Tetteh Hormeku-Ajei interviews Dr. Don D. Marshall, Director of the Sir Arthur Lewis Institute for Social and Economic Studies at University of the West Indies: Cave Hill. Don shares his views on heterodox and feminist approaches to questions of debt and development, in the context of normative frameworks set by credit rating agencies and the IMF and their regional implications in the Caribbean.