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Under the radar

Private sector debt and coronavirus in developing countries The G20 must step in and compel private creditors to cancel the debts of developing countries to avoid the loss of many more lives. In the global south, coronavirus is leaving a trail of devastation - from widespread loss of life from the virus itself, to huge economic disruption that has left hundreds of millions of people, who were already struggling to make ends meet, without jobs or sufficient food. Despite this huge economic shock, many developing countries are continuing to pay off debts to rich countries, public institutions like the World Bank and IMF, and some of the richest banks and hedge funds in the world. This means they have less money to meet the immediate needs of the population. This briefing aims to shine a light on the debt owed to private creditors by five African countries - Ghana, Kenya, Nigeria, Senegal and Zambia - and it outlines the steps which the G20 needs to take immediately to avert further economic chaos. It highlights the central role of enormous financial corporations like BlackRock, HSBC, Goldman Sachs, Legal & General, JP Morgan and UBS, which have become increasingly important in the world of sovereign debt. Private creditors’ share of the foreign debts of low- and lower-middle income governments increased from 25% in 2010 to 47% in 2018.1 Multi-trillion dollar asset manager BlackRock alone holds close to US$1 billion of ‘Eurobonds’ in Ghana, Kenya, Nigeria, Senegal and Zambia through a number of funds.

Revenue Analysis, July 2020

This analysis aims at finding out how (in monetary terms) COVID-19 is impacting on domestic revenue collection and the extent to which the NRA is meeting its revised target for 2020 and that of the domestic revenue to GDP by 2023. Against this backdrop, the Budget Advocacy Network have decided to start tracking the above policy commitments with a view to give monthly real-time updates. In the meantime, information available from the Accountant General’s Office only include one month of COVID-19 (April). This means that we have included broader analysis to enrich this first issue of the report. 

Partnership for Change: Christian Aid in Kenya

Christian Aid has been working in Kenya since 1997, in partnership with local civil society agencies, public authorities, private sector actors, churches and other religious organisations. We are working to build community capacities and create enabling environments in which men, women and children can thrive and break out of chronic cycles of poverty.

Appendices - Marsabit County Resilience Study

Appendices to the Marsabit County Resilience Study. A fieldwork study carried out over two weeks in May 2017 to assess the value of investing in resilience work within pastoralist communities. 

LPRR: action learning research

In order for productive learning to occur within the context of this project, monitoring practices must be robust and go beyond collecting data against indicators. This is especially important within a resilience context, as the pre-emptive baseline measurement that is usually used for measuring progress/success is not desirable here. Instead, an ‘outcome harvesting’ approach is more practical, as it does not measure progress towards predetermined outcomes or objectives, but rather collects evidence of what has been achieved, and works backward to determine whether and how the project or intervention contributed to the change. Within the LPRR project there is a need for rigorous evaluation, which balances accountability and learning. Given the ever-evolving evidence base of ‘what works under what conditions’ coupled with the need to demonstrate quality, impactful programming in both upwards and downwards accountability, these types of robust evaluations are essential. In order to ensure learning and accountability are achieved through evaluations, they must be well-planned and budgeted for. This is where the role of the learning strand comes in; by recognising that learning is essential at the outset, it enables it to be included within the design of the project.

Christian Aid en América Latina y el Caribe estrategia (Spanish)

Hemos trabajado en América Latina y el Caribe por más de 30 años, apoyando a nuestras contrapartes para enfrentar la injusticia, las violaciones a los derechos humanos y la desigualdad.