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DFI launched its new publication on the impact of the global financial crisis on private capital flows to LICs, at the Overseas Development Institute. To see the presentations and discussions at the meeting, go to the ODI website. To download the publication, click here.
DFI launched its new publication at a seminar at the IMF organized jointly by the Africa and SPR departments, and held discussions on future cooperation on private capital flows issues with various departments of the IMF and World Bank.
DFI participated in a meeting organised by the German government to discuss new regulatory frameworks to secure debt sustainability and mitigate adverse impacts of future debt crises. The meeting concluded that there was an urgent need for such regulatory frameworks.
DFI participated in a meeting at the BWI Annual Meetings to set priorities for future advocacy to be facilitated by the OIF. The meeting agreed that the key target meetings should be the G8/G20 and BWI meetings, and that the key subjects should be financing for development and debt.
DFI participated in a conference on the future of the G20 at the Brookings Institution, contributing views on the representation and participation of low-income countries, and how development should be discussed there. For the background position paper, please click here.
Oxfam on the impact of the global financial crisis on LIC budgets and MDG spending (see press release), and the Sierra Leone Finance Minister presented the conclusions of the G20 consultation on the future role of the IMF facilitated by DFI in Freetown and London in August 2009 (see communiqués).
DFI joined representatives of the AERC, African Development Bank and New Rules for Global Finance for a series of advocacy meetings with senior US government officials (Federal Reserve, Treasury and Congress) to transmit African views on forthcoming reforms to global financial regulation. Discussions were highly positive and produced a series of proposals for future cooperation. For a report on the outcomes, click here.
This meeting brought together government officials, CSOs and independent experts to discuss fair and transparent debt workouts. DFI contributed on the experience of HIPC relief and LIC views on the issues. The meeting concluded that urgent actions are need to make future debt workouts more orderly (see moderators summary)
This meeting of African researchers and policymakers examined how to enhance regulatory reforms in Africa and Africa’s views on global financial regulation. DFI helped AERC and the AfDB to facilitate the seminar, produce the report, AND arrange meetings in Washington discussed above. For an introduction to the seminar, click here.
During the first ten weeks of 2010, DFI has participated in World Bank Debt Management facility missions to Nepal (Debt Management Performance Assessment) and the Solomon Islands (Debt Management Reform Programme), Inter-Parliamentary Union Missions to Cambodia and Vietnam looking at the potential role of parliamentarians in increasing aid effectiveness; an UNCTAD consultation on South-South Cooperation; reviews of profiles of major Southern donors for Oxford Analytica; and several consultations on legal action against vulture funds, and financing the MDGs.
Read more...The HIPC CBP produced its penultimate publication, designed to assist developing countries to analyse the sustainability of public finances and borrowing by decentralised government entities such as provinces, regions and municipalities. It has been written by CEMLA based on a major pilot programme in Bolivia, and presents the key analytical issues and framework, a system for assessing capacity-building needs, and the results of the Bolivia pilot programme. Work on this methodology is to continue under the next post-CBP phase of CEMLA's public debt management programme.