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Civil Society Sceptical Over “Action Agenda” to Finance Development

Addis Ababa – Despite high expectations, the third International Conference on Financing for Development (FfD) ended on a predictable note: the United Nations proclaimed it a roaring success while most civil society organisations (CSOs) expressed scepticism over the final outcome.

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UN chief calls for financing mechanism that ‘leaves no one behind’

The 190 members of the United Nations are expected to agree on how to finance the 17 SDGs, which include ending poverty and hunger, combating climate change and achieving gender equality by 2030.

United Nations Secretary General Ban Ki Moon has urged negotiators of the financing mechanism for the next 17 Sustainable Development Goals (SDGs) to ensure that the deal “leaves no one behind.” continue reading »

Global tax initiative launched as activists push for UN tariff body

While the initiative aims to promote effective, fair and efficient tax systems and combat tax evasion and inappropriate tax practices on a global scale, activists maintain that creation of a UN Tax body is still necessary to enable the developing world to combat tax evasion by multinationals.

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Op-ed: Private sector must help EU boost impact of development aid

In an op-ed written for Afronline, Roberto Ridolfi, director of Sustainable Growth and Development at the European Commission, encourages the private sector to team up with the EU to increase the impact of development grants and loans. Ridolfi outlines the benefits of this practice, called “blending,” which he will promote at the joint African Union-EU panel “Catalysing private sector engagement and resources for development: the EU and African perspectives” on July 15 at the UN’s third “Financing for Development” conference in Addis Ababa.

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Will Finance for Development conference chart a new path in development finance?

The international community is gathering this week (July 13 to 16) in Addis Ababa, Ethiopia for the Third International Conference on Financing for Development organized by the United Nations. The conference aims to define new financial resources to meet new challenges in development until 2030.

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Offshore interests not aligned with Africa’s development agenda

Offshore financial centres can help curb illicit flows by exchanging tax information and providing transparent beneficial ownership information.

In its recent op-ed, Jersey Finance provides a defence of the offshore financial centre’s legal code and regulatory framework against charges by “pressure groups” of alleged financial improprieties. The author also promotes Jersey’s financial services to current and potential clients that intend to invest in Africa.

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