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$2 lost for every $1 gained: New report shows global financial system fails developing countries
December 18th, 2014
Developing countries are losing twice as much money as they earn because of issues like tax evasion, profits taken out by foreign investors and interest repayments on debt. A new report – The State of Development Finance for Developing Countries, 2014 – has found that for every dollar developing countries have earned since 2008, they have lost $2.07. Furthermore they have lost, on average, more than 10 per cent of their Gross Domestic Product (GDP) through these financial losses.
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New Report: Global financial flows, aid and development
March 21st, 2013
This paper, written by Eurodad for CONCORD’s Aidwatch coalition sets out all the financial resources potentially available for development, examines their key characteristics, and discusses their poverty and sustainable development impacts, and the implications for aid. This discussion could not come at a more important time. Aid is under severe pressure as donors seek to cut budgets and to reorient aid to more clearly attribute direct ‘results’ to it. Recent initiatives at European and donor level have sought to change the focus of the aid debate towards stimulating the private sector, including emphasizing the role of private flows, particularly foreign...
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