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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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'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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Reimagining regionalism Heterodox and Feminist Policy Proposals from Africa and the Caribbean

Reimagining Regionalism is a compilation of five policy papers that present heterodox and feminist policy proposals around fundamental questions of economic policy and sustainable development: trade, climate change, fiscal governance, agriculture, and debt. Each paper addresses separate but related policy areas fundamental to the Caribbean, the African continent, and the overlaps between them to elaborate regional specificity and analytical clarity to bolster and refine ongoing work in these contexts.

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Crisis Narratives, Debt and Development Adjustment in the Caribbean

Don Marshall presents elements of his paper “Crisis Narratives, Debt and Development Adjustment: Contemplating Caribbean Small Island States Futures.” Don, Director of the Sir Arthur Lewis Institute of Social and Economic Studies at University of the West Indies: Cave Hill, questions the hegemony of mainstream economic indicators shepherded by the “neoliberal calculus of austerity adjustments.” He explores the effects on the Caribbean and its economic governance of international financial institutions and credit rating agencies, in the context of global financialization. Considering the implications for the dual Caribbean crises of debt and climate change, Don illustrates the need for meaningful policy space to enable governments to implement their agendas for equitable development.