IFIs & Publicly Backed Private Finance
The current mainstream narrative on development finance prioritises private finance to close the financing gap to deliver on the Sustainable Development Goals (SDGs). Public resources and institutions are used to leverage private finance, which risks undermining the transformational potential of public finance and Official Development Assistance (or aid), and compromising a sustainable and equitable development. Public finance is vital and irreplaceable for eradicating poverty and tackling inequalities.
Currently key workstreams for the publicly-backed private finance team, part of the broader development finance, are:
- Promoting an international development finance architecture that delivers for public goods in a transparent and accountable way.
- Countering the promotion of blended finance and public private partnerships (PPPs) by International Financial Institutions and other major donors as a way to deliver public services. In particular, Eurodad research has provided in-depth, evidence-based analysis of the negative impact of PPPs in both the global south and the global north. Signed by over 250 organizations, the PPP manifesto has served as a basis for a global campaign on PPPs.
- Promoting sustainable finance for sustainable infrastructure in developing countries and high quality publicly-funded and gender-responsive universal public services.
- Monitoring and highlighting the harmful influence of International Financial Institutions on developing countries’ economic and social policies and unveiling donor influence.
- Ensuring that finance flows are aligned with environmental and climate protections, standards and policies.
Eurodad monitors policy developments, conducts research and coordinates advocacy with a large group of members and allies with a key emphasis on EU institutions, the World Bank Group, the International Monetary Fund and the UN Financing for Development process
IFIs & Publicly Backed Private finance Allies and Stakeholders