16 years 8 months ago.   Corporate accountability, Government of Canada policies and positions.   March 28, 2008 The Honourable James Flaherty Minister of Finance House of Commons Wellington St. Ottawa, ON K1A 0A6 Dear Minister Flaherty: I am writing with respect to the 2007 OECD Revised Council Recommendation on Common Approaches on the Environment and Officially Supported Export Credits. The Recommendation currently lacks a credible mechanism to monitor Member implementation and I write to urge Canada to support the adoption of a peer review system. I understand that the Secretariat of the OECD Export Credit Group (ECG) intends to include the issue of peer review for the Common Approaches in the agenda of the upcoming ECG meeting in April 2008. A peer review system is essential to generate credible information for use in the 2010 report to the OECD Council on the implementation of the Recommendation.   Read more ...

16 years 9 months ago.   IFI governance, IFI policies and positions, Transparency and disclosure.   The changing face of global development finance In 2007 Brazil’s Development Bank issued loans worth more than double the entire World Bank portfolio. More than half of the increase in aid since 2002 comes from debt relief, rather than new funding commitments. What’s more, from 1995-2005, Africa saw no net increase in its development aid despite a 35% increase in commitments to global aid over that period. In 2007, China financed more infrastructure projects in Africa than all multilateral and bilateral donors combined. The Gates Foundation provides more funding for neglected developing country diseases than all of the Group of Seven. These were some of the facts that emerged at an HI conference on “The Changing Face of Global Development Finance - Impacts and implications for aid, development, the South and the Bretton Woods Institutions.”   Read more ...

16 years 9 months ago.   IFI policies and positions.   February 29, 2008 The Honorable Ban Ki-Moon Secretary General United Nations New York, NY Dear Secretary General: At the end of this year, governments of the world will meet in Doha, Qatar to evaluate progress in implementing the Monterrey Consensus. One of the critical elements of this consensus is the issue of external debt and its role in financing for development.   Read more ...

16 years 10 months ago.   Human rights.   On days one and two of the February 2008 conference on the "Changing Face of Global Development Finance", we heard the following presentations: SPEAKERS: DAY ONE PRESENTATIONS SPEECHES   Read more ...