Financing for development in a crisis: the interconnectedness of debt, trade, investments and illicit financial flows
On Friday, 04 February 2022, TrustAfrica's Programs Director, Briggs Bomba is giving a keynote at the side session during the Africa Union (AU) Summit themed 'Building resilience in nutri on on the African con nent: Accelerate the human capital, social and economic development. The side session is hosted by The Stop the Bleeding (STB) Campaign. The session is themed “Reaﬃrming the People's Demand for a Pan African Agenda on Finance and Development.” While COVID-19 has made the need for global solutions to global challenges more urgent, the Global North has half-heartedly supported eﬀorts to enhance equitable access to vaccines. Likewise, opportunities to address the long-standing challenges of harmful tax competition on fuelling corporate tax avoidance, systemic gender inequality, sustainable debt ﬁnancing, and addressing climate change have failed to prioritize the Global South. Last year, through its consortium members, the Stop the Bleeding Campaign made impassioned demands on global minimum tax reforms and sustainable debt management. Notably, the AU Special Envoys recommended that AU develop a common African position for the reform of the international ﬁnancial architecture and advocate for this objective. Some of the critical highlights of AU Special Envoys included implementing the recommendations of the Addis Ababa Action Agenda on debt sustainability and improving domestic resource mobilization to support Africa's development ﬁnancing by upscaling eﬀorts to curb illicit ﬁnancial ﬂows and enhance revenue collection by strengthening tax administrations.
#ShiftThePower – Revolutionising Transparency in the Third Sector: Driving Better Decisions, Legitimacy and Goodwill
Centre for Strategic Philanthropy at the Cambridge Judge Business School based at the University of Cambridge will host a seminar titled #ShiftThePower – Revolutionising Transparency in the Third Sector: Driving Better Decisions, Legitimacy and Goodwill on the 7th of October 2021 from 11:00 – 12:30 BST). This is part of an online series deconstructing the components of imbalanced power structures between Global North and Global South philanthropy actors, better understanding how change can come about and enabling philanthropy practitioners to define the nature of the change required for the long-term institutionalisation of COVID-19-induced changes in best practice. The first two session recordings are available here. The registration link for the event can be found here.