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#WallStreetConsensus & its failure to mobilise trillions in Financial Times 4 things missing: a) hegemonic dominance of 'mobilising private finance' in development/climate b) asking why hegemony c) mushrooming scaling up initiatives d) do we want success? ft.com/content/481dc5…

At this point the important question is *why* people keep trying to summon the ‘magic pony of private finance’… ft.com/content/481dc5…

The #GlobalGateway opens "a vulnerability" for the EU, as it risks “diverting the aid budget to big business.”

Ahead of #WBmeetings & #IMFmeetings, CSOs are putting forward their asks for a much-needed transformative #IDA21 replenishment. The main ask is an adequate replenishment of grant-based resourced from wealthy countries. Here is our bento box proposal ⤵️ #AMCSO24

The replenishment of the WBG fund for the poorest countries #IDA21 "it’s not just about the money, but what that money will do." CSOs are putting forward their asks for a much-needed transformative #IDA21 replenishment. Eurodad Oxfam International

This is so true! The World Bank has been doing this throughout its 80yrs! Too often 'knowledge creation & dissemination' has meant the promotion austerity policies & market-based approaches to development. "BWI at 80: What should the future look like?" shorturl.at/AhEc5

Can we trust the IMF to lead the global energy transition? Or is climate policy at the IMF just greenwashing austerity and structural adjustment? I explore this question in this Phenomenal World article: phenomenalworld.org/analysis/green…

We've already heard the "future-ready World Bank" slogan a lot at #WBGMeetings. The WBG Guarantee Platform is one part of this. We'll be discussing MIGA's role today at 13h EDT, 19h CEST TODAY. Watch live➡️ ow.ly/95cq50TRpYJ Read more ➡️ow.ly/Hc5150TRpUA #WBGMeetings

The Independent Report of the G20 TF-CLIMA group of experts - the 1.5C Agenda - is out today! we unpack common myths, including the relentless promotion of derisking, and propose alternatives that emphasize state capacity to discipline capital g20.org/en/tracks/sher…

Asked about private capital mobilization’s ability to fill financing gaps. Larry Summers—*Larry Summers*—said it’s “piffle” from people who want to sound ambitious but don’t have public resources or private sector chasing subsidies. “It’s like me saying I’ll run a 4-minute mile”

Civil Society is present in a full Conference Room at the United Nations Headquarters for today's Intersessional Multi-stakeholder Hearing. Check out our elements paper here: csoforffd.org/resources/civi… #FfD4 #CSOs4SystemicReform

Happy to participate in the Multi-stakeholder Hearing in prep for the 4th Intl Conf on Financing 4 Dev #FfD4. Civil Society Financing for Development Mechanism argues that "it is an historical opportunity to transform the existing global economic governance, making it democratic, accountable and in the public interest".

one sobering thing about being at the UN is the constant reminder of how much the US resists processes where the level playing field is not structurally already skewed in their favour (as in Bretton Woods institutions)

"Between 1990 & 2022, the share of the European Commission’s official dev assistance (aid) going to the least developed countries dropped from 52% to 19%, bucking the trend among major donors." This is problematic & must be put in the spotlight in the next #FfD4 Conf. Eurodad

La UE promueve la inversión del sector privado (Europeo) para canalizar los € de la cooperación, pero "¿Quién se beneficia de la Global Gateway?" Eurodad Counter Balance Oxfam EU analizan la estrategia. Desviar escasos € no puede ser una opción! EU - LAT Network LATINDADD

We welcome today’s #EPhearing of Jozef Síkela Commissioner-designate for EU International Partnerships 🇪🇺 & the clear calls from the EP to increase policy coherence, transparency, and concerns about the #GlobalGateway alignment with sustainable development and #HumanRights. More below 🧵⤵️

COP29: "La definición de la nueva meta de financiamiento climático es una obligación moral y práctica...Los países en desarrollo sufren lo + drástico de los impactos del cambio climático...a la vez que son presionados para comprometerse a + ambición." tinyurl.com/53ksd8cz

📅TOMORROW, 14h CET. What has happened since the OECD Development PSI agreement that changed the rules on what counts as #aid? Join our expert panel for the 1st of two webinars exploring #PrivateFinance & ODA. Register: ow.ly/hiag50U571i Interpretation in 🇫🇷 &🇪🇸

What is REALLY at stake in the climate finance negotiations at #COP29? Developed countries must prioritise lives over profits -My op-ed: aljazeera.com/opinions/2024/…

The Least Developed Countries at the end of this year's COP: "The LDC Group is outraged and deeply hurt by the outcome of COP29. Once again, the countries most responsible for the climate crisis have failed us". The new climate finance goal is indeed disappointing. Eurodad