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The beauty contest is over: High time to reform the European financial architecture for development

The beauty contest is over: High time to reform the European financial architecture for development
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CDC–ODI webinar series on development finance institutions and the Covid-19 crisis

With a shared goal to support the economic stability and growth of developing countries, development finance institutions (DFIs) are uniquely placed to respond to the Covid-19 crisis and support developing countries who are grappling with a significant decrease in foreign direct investment, severely disrupted trade flows and supply chains and substantial financial shortfalls. CDC Group, in partnership with ODI and the Association of European Development Finance Institutions (EDFI), held three virtual sessions in 2020 to share their experiences and learning on how the Covid-19 crisis is impacting private investment in developing countries, and how DFIs as institutions have responded. The sessions focused on: (1) supporting job protection; (2) investing in healthcare; and (3) developing financing solutions to address the crushing effect of the crisis on private development finance. This report summarises these discussions and the key takeaways. ....

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Finance in Common Summit Spring Meeting: public development banks call for new financing for Africa's recovery post-Covid-19

Finance in Common Summit Spring Meeting: public development banks call for new financing for Africa s recovery post-Covid-19
Finance in Common Summit Spring Meeting: public development banks call for new financing for Africaâs recovery post-Covid-19
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A global coalition of public development banks today emphasized the urgency of immediate resources for Africa’s recovery post-Covid 19. Together, they committed to deepening cooperation to boost investment opportunities across the continent.
Participants in the meeting, hosted by the African Development Bank, brainstormed on joint actions that could help boost a strong and inclusive recovery in Africa. This would be recovery grounded in a dynamic private sector. The African Association of Development Finance Institutions co-organized the me ....

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African Development Bank Group (via Public) / Finance in Common Summit Spring Meeting: public development banks call for new financing for Africa's recovery post-Covid-19

05/11/2021 | Press release | Distributed by Public on 05/11/2021 14:57
Finance in Common Summit Spring Meeting: public development banks call for new financing for Africaâs recovery post-Covid-19
11-May-2021
A global coalition of public development banks today emphasized the urgency of immediate resources for Africa s recovery post-Covid 19. Together, they committed to deepening cooperation to boost investment opportunities across the continent.
Participants in the meeting, hosted by the African Development Bank, brainstormed on joint actions that could help boost a strong and inclusive recovery in Africa. This would be recovery grounded in a dynamic private sector. The African Association of Development Finance Institutions co-organized the meeting in collaboration with the International Development Finance Club, which is hosted by the Agence FranÃ§aise de DÃ©veloppement. ....

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Does the IFC still have the leverage to push for labour rights?

On Saturday 10 April 2021, a meeting was held between the company management of Karot Power Company LTD – a special-purpose vehicle incorporated in Pakistan and majority-owned by China Three (.) ....

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