TopicsFinancing for Development

Financing for Development

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When NGOs are monitoring the reality of aid for Development delivered by the European Union

The issue

Lots of different actors finance the Development of developing countries:governements and local authorities, NGO, banks, international institutions, private sectors, ...

But this is not enough to meet the needs of the developing populations and countries so that they can reach a sustainable development.

The quantity and the quality of aid need to be improved.

To increase the aid: lots of different possibilities exists, amongst other:

increase the current contributions of the states and international organisations as recommended to reach the

Develop new ressources for financing development such as the international facility or the tax on air-planes' tickets

Fight tax evasion and protect tax resources for the States so that they have resources for Development.

Increasing the level of current contribution of the governements to 0.7% of their GNB as requested by the Millenium Development Goals.

It is also needed to improve aid efficiency by coordinating better the efforts amonst donors and amonst organisations working on the field as increasing the quality standards of the work: see aid effectiveness

Ressource document CSO position on FfD

CONCORD FfD Taskforce recommendation

Other documents

On financing for development

EURODAD: http://www.eurodad.org/uploadedFiles/Whats_New/News/Eurodad%20short%20FfD%20Briefing%20January%202008.doc

Coordination Sud: http://www.coordinationsud.org/spip.php?article9735 (2

CIDSE : http://www.cidse.org/docs/200806231034251336.pdf?&username=guest@cidse.org&password=9999&workgroup=&pub_niv=&lang=en

On tax evasion

1) Tax us if you can. The Tax Justice Network background briefing document:

http://www.taxjustice.net/cms/upload/pdf/tuiyc_-_eng_-_web_file.pdf - Other languages are available from the TJN website.

2) Closing the Floodgates - written for the Leading Group earlier this year.

http://www.innovativefinance-oslo.no/pop.cfm?FuseAction=Doc&pAction=View&pDocumentId=11607.

The corruption paper is also here

http://www.taxjustice.net/cms/upload/pdf/0701_Mirror_Mirror_corruption.pdf

3) Ten reasons for country-by-country reporting.

See http://www.taxresearch.org.uk/Documents/CountrybyCountryReporting.pdf - all the arguments in just 2 pages. This is a winnable campaign now - we're working with Publish What You Pay and this is the measure we have got EU Parliament support for. The logic for this for the extractive industries is at http://www.publishwhatyoupay.org/ifrs/pdf/extracting_transparency.pdf

4) Our estimate of tax lost to tax havens is at http://www.taxjustice.net/cms/upload/pdf/Price_of_Offshore.pdf

5) The short version of the Code of Conduct is at : http://www.taxjustice.net/cms/upload/pdf/AABA-TR-Code_short.pdf + The support arguments are at http://www.taxjustice.net/cms/upload/pdf/AABA-TR-Code_long.pdf