Ghana passed quickly from being the poster child economy for West Africa to being one step away from losing its access to international capital markets.
Click here to see an infographic highlighting why urgent international support and a multilateral, inclusive debt workout mechanism is needed to help the country address its debt burden.
The infographic was published by the European Network on Debt and Development.
In a time of multiple crises, it’s urgent that States take measures to recuperate the resources that leak through illicit financial flows (IFF).
This document attempts to estimate the revenue lost through the main source of IFF in Peru, false commercial invoicing, and analysing the way in which the States’s capacity to response to the pandemic and guarantee human rights has been adversely impacted.
To the tune of Santa Claus Is Coming To Town, Philippine tax justice groups denounced mining corporations singing “Are You Really the Santa Claus They Say You Are?” in a rally in front of the Bureau of Internal Revenue last November 19.
♫ A bearer of gifts, they say, you are
But what a pittance, they turn out to be ♪
Are you really, the Santa Claus they say…
The campaign for tax justice in the extractive industry in the country is part of an economic justice agenda that includes the call to make taxes work for people and the planet.
Without a human rights-based alternative to austerity, many countries will find themselves trapped in a vicious cycle of self-defeating fiscal adjustments, instability and unsustainable debts.
Debt audits can be a powerful tool to support civil society engagement in citizen assessment of debt impacts but also to increase citizens’ participation in public finance governance, leading to an increase in accountability and transparency and allowing for the identification of illegitimate debts at the national, regional and municipal level.
This briefing is a general introduction to debt audits, what they can contribute and their main characteristics, while also providing references to manuals and articles on debt audits. It is intended to support civil society organisations (CSOs) and government officials that are thinking about promoting a debt audit by providing some initial ideas about how to initiate this kind of process.
The briefing covers:
