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OIFDFI supported OIF in running a workshop on Public Private Partnerships for the Network of Finance Ministers from Francophone Low-Income Countries. Held in Cotonou, Benin and attended by senior officials from 18 network member countries, the workshop was facilitated by DFI, the IMF, the World Bank, Foley Hoag LLP, African Legal Support Facility, Expertise France, FinInfra, and the Association des Parlementaires Francophones.

The Heinrich Boell Foundation and Eurodad provided further support. Discussions focussed on legal and institutional structures, financial costs and risks, negotiating and renegotiating contracts, as well as transparency and accountability. At the end of the workshop, participants stressed the need to be extremely prudent in financing national development via PPPs, and agreed to create a working group and network to take forward joint work on this type of financing.  

 
Wednesday, 13 December 2017 00:00

Taxing for shared CoverDFI-Oxfam’s Tax Progressivity Database was used as a technical source for a briefing paper by Oxfam and the United Nations’ Economic and Social Commission for Asia and The Pacific (ESCAP).

Taxing for Shared Prosperity” highlights the increase in inequality in the Asia-Pacific region and offers policy options to close the growing wealth gap between rich and poor. Through the analysis of income and inequality trends, the report calls for governments in the region to take bold policy measures by introducing progressive tax policies, strengthening revenue mobilization and improving tax structure.

 
 
 
Friday, 10 November 2017 00:00

OxfamDFI provided a resource person for an Oxfam expert meeting on best practices in using government spending to fight inequality. It presented on how to expand fiscal space to increase spending, on how public spending can best benefit women and girls and on the Commitment to Reducing Inequality Index.

The workshop was attended by participants from 14 Oxfam programme countries, as well as UN Women and the Uganda Ministry of Finance, who exchanged experiences on how best to influence government spending policies to ensure that they fight inequality more effectively. A communiqué establishing a Collaboration Group on Public Spending for inequality reduction was produced.

 
 
 
Monday, 23 October 2017 00:00

UNDPDFI has been contracted by UNDP as lead consultant for two missions to Cameroon and Comoros. The aim of the missions is to help both countries conduct a Development Financing Assessment (DFA) and to develop an Integrated National Financing Framework (INFF) to support the financing of their national development goals and the SDGs.

Consultations were held with government policymakers and officials, as well as representatives of parliament, civil society, the private sector and the donor community, in order to help governments identify key types of development financing which could be scaled up to support the SDGs. The missions also explored the key reinforcements which could be made to government policies and systems to ensure more successful mobilisation and utilisation of development financing. For more on DFAs and INFFs, see here.

 
 
 
Tuesday, 17 October 2017 00:00

UNFFD

DFI and OIF attended the 15th meeting of the United Nations Committee of Experts on International Cooperation in Tax Matters in Geneva. This was the first meeting of the new committee appointed in 2017 and it aimed to set the agenda for the committee’s work for the next few years, given its expanded mandate and budget following the Addis Ababa Conference on Financing for Development.

The committee focussed its discussions on three areas of key concern to members of the OIF Finance Ministers’ Network: environmental taxation, taxing the digital economy and taxing donor-funded development projects. OIF intervened on the last set of issues, underlining the strong concerns of the Network that such projects (especially those which support highly profitable private sector enterprises) should not benefit from tax exemptions. The background papers for the meeting are available here.

 
 
 
Tuesday, 17 October 2017 00:00

ILO logoDFI and Oxfam launched the Commitment to Reducing Inequality Index at a roundtable for Geneva-based UN organisations. Held at the International Labour Organisation headquarters in Geneva, it gave a brief presentation of key findings. The 30 participants focussed their discussion mainly on issues around the positive impact of social protection spending on inequality, and on how best to measure progress in improving labour rights, including for women.

In the roundtable and separate bilateral meetings with ILO staff, excellent suggestions were made for improving the Index and enhancing cooperation between the ILO, DFI and Oxfam on data collection and analysis in future editions of the CRI.

 
 
 
Monday, 16 October 2017 00:00

Taxcoop logoDFI chaired a session of the TAXCOOP conference 2017 in Geneva, organised by OIF, in which Francophone West African representatives from CREDAF, WAEMU and the Government of Senegal discussed their experiences in using regional cooperation and common tax treaties to fight against the global “race to the bottom” in corporate and personal income tax rates.

They emphasised that while they have had considerable successes in both agreeing common policies on tax rates and coverage and providing mutual capacity-building on tax collection, continued success will depend on cooperation by OECD countries and international organisations in renegotiating tax treaties, and ending tax exemptions on donor projects and for foreign investors, so that national tax authorities are able to collect higher levels of income taxes from the same rates. For details of the conference, whose proceedings will be published eventually in book format, see here.

 
 
 
Friday, 13 October 2017 00:00

EurodadJubilee Debt CampaignDFI participated in a CSO-organised panel on public-private partnerships (PPPs), based on recent studies by Eurodad and Jubilee Debt Campaign, to discuss with IMF and World Bank officials their roles in helping countries to analyse and reduce fiscal risks of PPPs.

DFI presented the conclusions of the OIF Finance Ministers’ network on PPPs as expressed in their communiqué of 12th October, emphasising the potential high costs and risks of PPPs. It highlighted the need for comprehensive preparation in terms of laws and institutional structures to dramatically scale up capacity in developing countries to design, prioritise and implement public investment projects, and to negotiate PPP contracts more successfully, in order to reduce costs and risks.

DFI also emphasised two of the key ministerial recommendations: publishing an ex-ante assessment of the potential costs and risks of each project and maximum consultation with parliament and civil society before signing any major contract.

 
 
 
Friday, 13 October 2017 00:00

New RulesDFI co-sponsored a panel in Washington examining how well the IMF is doing in turning its research findings and leaders’ statements on the urgency of reducing inequality into practical action at country level.

It presented the results of three studies: the Commitment to Reducing Inequality Index, showing that virtually no countries are doing enough to fight inequality; the New Rules/FES/DFI Global Financial Institutions Impact Report, which assesses the IMF’s performance as mixed though improving; and the DFI/New Rules report to Oxfam on IMF Tax Technical Assistance and Policy Advice, which finds that the IMF could do much more to make its tax policy support more progressive.

The meeting also discussed an Oxfam report assessing broader IMF policy advice, which finds that much more could be done.

 
 
 
Tuesday, 12 December 2017 10:54

IEO  LogoDFI chaired a panel discussing the report of the IMF Independent Evaluation Office into the IMF and social protection. Held in the CSO Forum at the BWI Annual Meetings, the event allowed CSOs to hear more about IMF social protection policy, as well as social safeguards (spending floors) in IMF programmes.
Two key issues emerged: the need to include social protection spending in IMF social spending floors (it is often currently excluded) and the need to ensure that IMF spending recommendations are compatible with reaching the SDG aiming for universal social protection floors for all citizens (rather than targeting mechanisms at a small group of the poorest citizens).

 
 
 
Thursday, 12 October 2017 00:00

Annual Meeting Oct 2017DFI helped convene the Meeting of Finance Ministers of Low-Income Francophone countries in Washington, DC on 12 October 2017, in the margins of the Annual Meetings of the IMF and the World Bank. Under the aegis of the International Organisation of La Francophonie, the meeting was chaired by Mrs. Vonintsalama ANDRIAMBOLOLONA, Minister of Finance and Budget of Madagascar and co-chaired by Mr. Ousmane Alamine MEY, Minister of Finance of Cameroon. 

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