Breakdown of the OECD 2022 ODA stats from @bondngo and @devinitorg shows a worrying trend of declining concessionality and people left behind. https://t.co/CB8mnVknk2
There are promising signs that how we spend ODA is set to improve in 2024 following a flurry of positive developments late this year. But if the government are to keep to there new agenda, do the numbers add up?
Bond's @abigaellane tells us more: https://t.co/aSPwt4X40M
We have published the Governments Equality Impact assessment on the Aid cuts. It lays bear the real life cost of political choices - it’s chilling reading @CommonsIDC https://t.co/zEXFKJZsAF
What’s the most important figure in UK development you’ve (probably) never heard of?
“Financial Transactions”
In short, an opaque HMT target on these is distorting the UK’s entire development strategy, and could mean more cuts next year.
A 10-point🧵:
Showing up on the world stage matters, and not just to the opposition. Sunak's failure to attend the #NewGlobalFinancingPact Summit cited as one reason for this ministerial resignation:
https://t.co/wvTaXmvKR0
UK aid should not fund private hospitals in developing countries, says Oxfam
“This is far more than just a case of a few bad apples. Wherever we looked we found cases of exclusion or exploitation and some appalling human rights violations,” said Marriott.https://t.co/6XBFi9V00N
The #ParisSummit#NewGlobalFinancingPact is claiming the commitment to channel $100bn SDRs has been met. ✅
I beg to disagree.❌ Here’s why 🧵
https://t.co/nmSpzgpKpb
3⃣Even fewer of those commitments have actually made it to developing countries. Only Rwanda so far has received a disbursement from the RST. (and Barbados is about to)
https://t.co/CtRfBY5bln
2⃣The total commitments so far have not all been channeled. The RST and PRGT funds at the IMF currently can only hold $60bn SDRs. Even though @Georgeiva announced today the RST would increase by 50%, that’s still only $20bn more. We must unlock more channeling options. 🔐
The actual total (excluding the US) is $81bn, thanks to France increasing to 40% and additional commitments from Switzerland and Belgium.
See our table for the latest 👇 https://t.co/XoGV6ghz9Q
"Simply giving more resources without critical assessment of the approach to development by global financial institutions risks deepening systemic inequalities." @bondngo Sandra Martinsone reflects on the #GlobalFinancialPact summit
"lower income countries face a $27tn black hole when it comes to meeting the costs of climate related-loss and adaptation, alongside their health, education and social needs..."
✍️@bondngo's Sandra Martinsone in today's @CityAM#GlobalFinancialPact https://t.co/9mT2M2LfrI
So RishiSunak chose to attend Rupert Murdoch’s Party rather than attend Macron’s #GlobalFinancingPact summit to agree a new plan for people and planet #fundthefuture#freethefunds https://t.co/8Zmf7Pp4QP
Here's the blog:
"Why taxing emissions is a must for climate and development at Macron’s summit"
Inc annex of all proposals w/ estimates of revenue raised, notes on feasibility and links to supporting papers.
https://t.co/FfyRDn1AmU
Advocacy asks are often stuck in the present day, failing to seriously consider future possibilities.
Our Future Innovation Cards provide a framework for a new approach to advocacy in the UK development sector. Use the cards to challenge your practice👇
https://t.co/XjM4iGD0gP
What does the future of international development look like? We’ve created a tool to help individuals and organisations stretch and challenge their thinking on the future of the sector and the UK’s role in it.
Introducing our Future Innovation Cards 👇
https://t.co/XjM4iGD0gP
The UK aid watchdog @icai_uk published its latest report this week: an amber-red on "aid for trade" spend.
In the past year, 3 out of 6 reports were amber-red.
That's double the historic ratio.
Not a good year for #UKaid.
https://t.co/JdPuc80Npz
"It's unacceptable that the UK’s investment bank for international development, funded by the British taxpayer has not published its accounts since 2021/22..."
Bond's full reaction to yesterday's @CommonsIDC session on the UK's DFI, BII: https://t.co/CURgyrZFng