News Selection – Finance for Sustainable Development
Recent international news and analysis chosen to illustrate and update Tread Softly briefings on Finance for Sustainable Development.
Changing patterns of humanitarian assistance
19/6/2018: The association of humanitarian assistance with "emergencies" has become less significant. Almost all of the 20 largest recipient countries in 2017 reflect either long-term or medium-term crises.
Should foreign aid benefit the donor country?
5/6/2018: Owen Bader unpicks the debate about foreign aid tied to the interests of the donor country as much as the beneficiary. He concludes that aid that addresses one of the underlying causes of global poverty will benefit all parties.
Leverage of private finance for SDGs is not a silver bullet
30/4/2018: The international aid community constantly asserts that the use of public funds to leverage private sector investment is a critical tool for achieving development goals. What are the flaws in this argument?
Another Debt Crisis for Poor Countries?
18/4/2018: A new IMF report warns that 24 out of 60 low-income countries are either already in a debt crisis or highly vulnerable to one. Action now by borrowing country governments can prevent the crisis spreading.
Development aid to Africa at last reachess $25 billion
9/4/2018: Foreign aid from official donors totalled USD 146.6 billion in 2017, a small decrease of 0.6% from 2016 in real terms, according to provisional OECD figures. Aid to sub-Saharan Africa was also up by 3%, finally reaching USD 25 billion.
Uganda joins Africa's big-debt club
23/3/2018: In three years, Uganda's debt has risen from $6 billion to $15 billion, the government ramping up borrowing, mostly from China, to fund infrastructure projects. Now the country's central bank is concerned about repayments.
Developing country debt payments increase by 60% in three years
18/3/2018: Figures released by the Jubilee Debt Campaign show that external debt payments in developing countries have reached their highest level since 2004, following a recent lending boom and commodity price falls.
Concern about increasing debt in African countries
8/3/2018: Lending to Africa has surged since the 2008 financial crisis, a period of very low interest rates in rich countries. But falling commodity prices and slow growth have reduced five sub-Saharan African countries to a state of “debt distress".
The rapidly changing face of UK and global aid
29/11/2017: Foreign aid is increasingly dominated by an emphasis on economic development, the role of the private sector, quantifying results and addressing donor strategic interests, such as migration. This contrasts with the traditional focus on poverty
Bill Gates: No substitute for foreign aid
13/9/2017: The world's most influential philanthropist warns the Trump administration that the price to pay for cutting foreign aid is a reversal of progress in global poverty and health.