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Eurodad (European Network on Debt and Development) is a network of 53
non-governmental organisations A non-governmental organization (NGO) is an independent, typically nonprofit organization that operates outside government control, though it may get a significant percentage of its funding from government or corporate sources. NGOs often focus ...
(NGOs) and seven statutory allies from 29 European countries. Eurodad and its members make up a network, this network researches and works on issues that are related to debt, development finance and
poverty reduction Poverty reduction, poverty relief, or poverty alleviation is a set of measures, both economic and humanitarian, that are intended to permanently lift people out of poverty. Measures, like those promoted by Henry George in his economics classi ...
. The network has focussed on issues such as tracking the aid spent by European countries, multilateral debt cancellation, debt sustainability, aid quality, conditionality and harmonisation, illegitimate debt, and export credit debts. Eurodad's main targets are organisations such as the
World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...
, the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...
(IMF), the
Organisation for Economic Co-operation and Development The Organisation for Economic Co-operation and Development (OECD; , OCDE) is an international organization, intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and international trade, wor ...
, however it also targets European governments themselves. Eurodad’s stated aims are to: * push for development policies that support pro-poor and democratically defined sustainable development strategies. * support the empowerment of Southern people to chart their own path towards development and ending poverty. * seek a lasting and sustainable solution to the debt crisis, appropriate development financing, and a stable international financial system conducive to development.


History

Eurodad coordinates the work of non-governmental organisations working on these issues, and collaborates actively with civil society in the North and South to attain these goals. Eurodad has existed since 1990 and is registered as a non-profit organisation in both the Netherlands and Belgium. It is funded by its members (about one-third of its budget) and by the
Dutch Ministry of Foreign Affairs The Ministry of Foreign Affairs (; BZ) is the Netherlands' ministry responsible for foreign relations, foreign policy, international development, international trade, diaspora and matters dealing with the European Union, NATO and the Benelux Un ...
,
Swedish International Development Cooperation Agency The Swedish International Development Cooperation Agency (, ) is a government agency of the Swedish Ministry for Foreign Affairs. Sida is responsible for organization of the bulk of Sweden's official development assistance to developing coun ...
and UK
Department for International Development The Department for International Development (DFID) was a Departments of the Government of the United Kingdom, ministerial department of the government of the United Kingdom, from 1997 to 2020. It was responsible for administering foreign aid ...
. The members in the UK include
CAFOD The Catholic Agency for Overseas Development, commonly known as CAFOD, is an international development and relief charity. It is the official aid agency of the Catholic Church in England and Wales. CAFOD is part of the global Caritas Internat ...
,
Oxfam Oxfam is a British-founded confederation of 21 independent non-governmental organizations (NGOs), focusing on the alleviation of global poverty, founded in 1942 and led by Oxfam International. It began as the Oxford Committee for Famine Relief ...
,
Christian Aid Christian Aid is a relief and development charity of 41 Christian (Protestant and Orthodox) churches in Great Britain and Ireland, and works to support sustainable development, eradicate poverty, support civil society and provide disaster rel ...
, Tearfund and the World Development Movement.


Illicit capital flight

Eurodad has focused a lot of attention on the issue of illicit capital flight (or
illicit financial flows Illicit financial flows, in economics, are a form of illegal capital flight that occurs when money is illegally earned, transferred, or spent. This money is intended to disappear from any record in the country of origin, and earnings on the stock ...
) in their campaign to promote economic development in the developing world. As such, they've become a coordinating committee member of the Task Force on Financial Integrity & Economic Development, a coalition of NGOs and governments working to promote transparency in the international financial system. The problem of Illicit capital flight is aggravated by the fact that it is not exactly illegal and it assumes the informal unofficial economic activities of organizations. It aims to "get around rules and processes typically not using money but favors, privileges and perks as a means of exchange." In 2009, Eurodad published a limited-edition book called ''Global Development Finance: Illicit Flows Report 2009''. The hundreds of pages, which were expected to contain comprehensive estimates of the illicit global financial flows, were all blank. According to the organization, this was to highlight a willful blindness on the part of world's most powerful institution to this transfer of wealth. This is underscored by the fact that more than 50 percent of these illicit flows originate from poor to rich countries, affecting the incidence of poverty in these locations. The G20 has pledged to address "illicit outflows" but there are critics who note that the commitment cited the need to address the problem in the victim countries while it was silent on the corresponding "inflow" or the locations that receive the flow of money.Shaxson, p. 30.


See also

*
Directorate-General for Development (European Commission) Within the European Union (EU), Directorates-General are departments with specific zones of responsibility. Within the European Commission specifically, Directorates-General are the equivalent of national-level ministries. Most are headed by a E ...
*
European Development Fund The European Development Fund (EDF) was the main instrument for European Union (EU) aid for development cooperation in Africa, the Caribbean, and Pacific ( ACP Group) countries and the Overseas Countries and Territories (OCT). Funding was provi ...
* European Parliament Committee on Development *
Millennium Development Goals In the United Nations, the Millennium Development Goals (MDGs) were eight international development goals for the year 2015 created following the Millennium Summit, following the adoption of the United Nations Millennium Declaration. These w ...
* Task Force on Financial Integrity & Economic Development *
United Nations Development Programme The United Nations Development Programme (UNDP) is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development. The UNDP emphasizes on developing local capacity towar ...


References


External links


Eurodad website

Eurodad's bi-weekly newsletter: The Development Finance Watch
{{Authority control International organizations based in Europe Development charities based in Belgium Third World debt cancellation activism