Eurodad Annual Report 2005
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Eurodad annual report 2005 Eurodad annual report, 2005 2 Note from the Chair of the Board p. 2
Highlights of the year p. 3
Eurodad staff p. 5
Eurodad board p. 6
Media work and communications p. 7
Improving aid, reducing poverty p. 8
Ending debt domination p. 16
Major publications p. 22
Eurodad member organisations p. 24
Financial Report P. 26
Eurodad annual report, 2005 3 2005 – a year to remember Looking back at the past year it stands out as a very productive and hectic period for Eurodad and its members. The work carried out by the staff, in collaboration with members, has covered a vast range of policy processes related to aid and debt, both following official agendas as well as initiating concrete processes and proposals for a change in current policy making. This inspiring work is described in this annual report.
Networking has been a core part of the general strategic direction of Eurodad during the past year, in accordance with the mandate from the General Assembly in 2003. The various briefings, strategy meetings and informative reports produced by the staff have played a significant role in ensuring that civil society organisations in Europe, and beyond, were as informed and united as possible during this important campaign year.
A lot of work, perhaps less visible to members, has also been put into developing Eurodad’s organisational structures, such as adopting new statutes and establishing efficient work routines at the Eurodad office in Brussels.
During the second half of the year Eurodad staff, with input from the board and members, developed a new three year strategic work plan. This plan will contribute to the efficiency of Eurodad as a network, both drawing on its current strengths as well as taking into account various challenges and how to address them.
One challenge ahead is to convey the message to the world that, although some political progress was made in 2005, it is far from what is needed. Eurodad will continue to be at the forefront of official political and civil society processes in the coming years to bring about the changes needed to make this world a better place to live in.
Penny Davies Chair of the Eurodad Board
Eurodad annual report, 2005 4 Highlights of the year This has been an exceptional year for Eurodad and its many member groups. Civil society organisations have played a large part in raising debt and aid issues up the political agenda. Eurodad has been at the heart of much of this work. Its analysis, political intelligence, opinion-forming and meeting-convening have been critical to much civil society work on multilateral debt and on aid quality. This has paid dividends with a series of political commitments and actions. While not as strong as Eurodad would have wished, they do represent useful progress towards our goals.
The Eurodad network is healthy and provides an excellent platform for common analytical and political work. Three new members have just joined at the General Assembly in Ireland at the end of November, taking the total number to 50. As well as maintaining and strengthening its own network Eurodad has played strong roles in other overlapping networks. These include the European IFI Network, the Global Call to Action Against Poverty, the Parliamentarians Network on the World Bank, CONCORD, Export Credit Watch and others. Eurodad was among the co-convenors of a major South-North Assembly on debt in Cuba in September.
Recognising that multilateral debt is a very complex issue, Eurodad has taken care to brief and convene civil society groups to enable them to engage actively in debates. In January it produced a paper clarifying the costings of a potential debt deal and the various financing options. In February it circulated – in four languages – leaked details of the British government’s proposals for the G8. In May it produced statistical tables with details of the likely coverage by debtor and creditor countries. Eurodad regularly convened strategy discussions – twice in Europe, once in Washington, and also in Ghana. At the latter meeting it was decided that Eurodad should facilitate a North- South Working Group to operate by regular teleconference to give key Northern and Southern regional hub groups a chance to update each other on political developments and to discuss strategic responses. Eurodad was also asked to speak at a key international planning meeting of the Global Call to Action Against Poverty in early May and repeatedly asked to advise on GCAP draft documents.
Eurodad’s briefings on the G8 debt and aid deals – each produced within three days of the key decisions – were very widely used by civil society groups to understand what was behind the cleverly-worded communiqués, and what CSOs should be watching.
Eurodad’s work on aid quality is an example of a contribution to increasing members’ focus on an issue which hitherto had largely not captured their attention. Eurodad’s briefings, political statements and meeting organising contributed to improving the outcome of the official Paris process and to increasing the likelihood that civil society groups will play a part in monitoring them. Following this initial work Eurodad staff were asked to give a number of – including in the Netherlands, Nicaragua, and Kenya.
Similarly Eurodad’s awareness-raising, research and advocacy on Poverty and Social Impact Analysis (PSIA) broke new ground in civil society’s comprehension of this potentially important tool, and clarified the many challenges which remain before it can reach its potential. The research report Open on Impact? Slow progress in World Bank and IMF poverty analysis was praised as a useful critical contribution to the ongoing debate on PRSPs and related processes.
Eurodad’s important position in global civil society processes was commented on by a number of people present at the Bank/Fund Annual Meetings in September. Eurodad
Eurodad annual report, 2005 5 organised 2 high-level panel meetings, produced a briefing for the joint European NGO/European Executive Director meeting and spoke at a range of other meetings. Eurodad’s standing in civil society networks, including those monitoring the activities of the International Financial Institutions, was also shown when Eurodad launched its blog website on the issue of who would be the next World Bank president. This site was a huge success – attracting attention of senior officials and journalists in Washington and across the world – and Eurodad was well-placed to launch and disseminate a petition contesting the controversial Wolfowitz nomination.
The year ended with Eurodad’s annual conference in Dublin, Ireland. The conference brought together over 120 activists and experts from over 25 countries to discuss the outcomes of 2005 and to consider next steps.
Major outcomes
Eurodad has clearly proven its abilities to inform and facilitate a range of official and civil society processes. Its achievements in this respect demonstrate that it has an effective team and working practices and impressive analytical and convening capabilities. Significant progress has been made on all of Eurodad’s objectives, notably that of facilitating joint strategising and lobbying amongst European NGOs & between Southern & European NGOs.
The services of the Eurodad secretariat – core funded by SIDA, by the Dutch Foreign Ministry and by Eurodad’s 47 members - have been in demand by NGOs across Europe, and also far beyond. Eurodad’s convening power, and the respect in which it is held by its peers, has been shown by requests for it to play leading roles by diverse organisations and coalitions such as Third World Network, Jubilee South, the Global Call for Action against Poverty and the UN Financing for Development Office.
Within the broader programme framework Eurodad chose specific areas where it felt it could make a major difference during 2005. The areas of major achievement this year include aid effectiveness and multilateral debt. Other areas – such as pressing for debt cancellation for tsunami-affected debtor countries – were less successful for a variety of reasons, but largely because of the political context.
Eurodad annual report, 2005 6 Eurodad staff Eurodad’s staff from 2004 all remained at Eurodad throughout 2005. They are Alex Wilks (Coordinator), Olivia Debouver (Office and Finance Manager), Hetty Kovach (Policy and Communications), and Gail Hurley (Policy and Communications).
They were joined by new staff.
Lucy Hayes, from Ireland, who is leading our work on Poverty and Social Impact Analysis. Lucy started at the end of January. She has a Masters in Governance and Development (distinction) from the Institute for Development Studies and has worked for Trócaire for three years in Honduras and Nicaragua. Her work there included monitoring PRSPs and representing Trócaire in meetings with donor agencies. Lucy speaks fluent English, French and Spanish, and some Portuguese.
Francesco Oddone, from Italy, started in March as Debt Policy and Advocacy Officer. Francesco has a Masters in economics from New York University and has done post- graduate research on debt sustainability. He worked at the Italian Treasury on international debt issues including on G7 and Paris Club negotiations and the implementation of the Italian 2000 law on debt cancellation for IDA countries. He speaks fluent Italian, French, German, English and Spanish.
Alessandra Fontana, from Brazil, worked as an intern and then as a communications and research assistant between February and October. Alessandra was a journalist in Brazil for five years, covering personal finance and economic issues. She has a Development Masters from the University of East Anglia and previously worked in Brussels with International Crisis Group on communications. She speaks Portuguese, Spanish, English and French.
Yasmina Lansman, from Belgium, worked as an intern from mid-October, assisting primarily with the organisation of the Eurodad annual conference.
Cedric Desmaele, from Belgium, worked on a temporary basis to help organize the Annual Conference from mid-October till the end of the year.
Dominique Monti, from France, worked one day per week as a volunteer.
Contacts
Address: Avenue Louise 176, 1050 Brussels, Belgium
Phone: +32-2 543 90 60
Fax: +32-2 544 05 59
Email: [email protected]
Web: www.eurodad.org
Eurodad annual report, 2005 7 Eurodad’s board The Eurodad board was active during 2005 in overseeing the work of the Eurodad secretariat and network, and in the development of a new strategic plan.
There was a change of board chair in the middle of the year. In May Susanne Luithlen unfortunately had to step down because she left Eurodad network member organisation Erlassjahr for a new job leading the German NGO trade campaign. To replace her Eurodad’s board in June elected Penny Davies. Penny works with Diakonia in Sweden where she has great experience on Eurodad’s work areas. She also has very relevant experience from her role as chair of the Swedish Burma Campaign.
As well as its regular meetings the board had a longer 2-day meeting in October to discuss Eurodad’s strategy and develop longer-range planning. The discussions there were fed to members as a whole at the General Assembly in Dublin in late November, resulting in a new three year plan for the organisation.
Eurodad board members, 2005
Name Organisation (Country) Responsibilities
Susanne Luithlen Erlassjahr (Germany) Chair (till June)
Penny Davies Diakonia (Sweden) Chair (from June)
Max Lawson Oxfam GB (UK) Treasurer
Peter With IBIS/North-South Coalition (Denmark)
Sihle Dube NIZA (The Netherlands)
CCFD / Plateforme sur la Dette et le Jean Merckeart Développement (France)
Kjetil Abildsnes SLUG (Norway)
Henry Northover CAFOD (UK)
Sebastien Fourmy Agir Ici (France)
Antonio Tricarico CRBM (Italy) Staff liaison
Jean Paul Heerschap Hivos (The Netherlands)
Sony Kapoor Christian Aid (UK)
Juergen Kaiser Erlassjahr (Germany)
Notes: Henry Northover left the board in October, because of changing jobs. Sihle Dube and Jean Merckeart left the board at the General Assembly at the end of November. Sony
Eurodad annual report, 2005 8 Kapoor and Juergen Kaiser were elected to the board at the General Assembly at the end of November.
Eurodad annual report, 2005 9 Media work and communications
In 2005, Eurodad undertook significant media work. This focussed in particular on the debts of tsunami-affected countries, on multilateral debt, on the World Bank president issue and on the G8 debt deal. Media outlets featuring Eurodad comment or articles include the Financial Times, OpenDemocracy, the BBC, Libération, The American Prospect, De Volkskrant, De Tijd, and Deutsche Welle. A longer listing of media mentions is available on our website: www.eurodad.org/aboutus/default.aspx?id=587 .
Eurodad’s two list-serves (PRS-Watch and Debt-Watch) continue to occupy an important place in informing civil society groups, specialist journalists, researchers, officials and others. The lists cover political events (such as World Bank/IMF meetings), new analyses, reports and civil society campaigns. Subscriber numbers have continued to grow. They now stand at over 1250 for each bulletin.
In March Eurodad conducted a survey to learn readers’ views on our listserves. Responses showed that many groups use the information for their advocacy and as a basis for some of their own newsletters, press releases and other publications. Some of the comments include:
“Newsletters indispensable as updates on what is going on in official processes and by other NGOs”.
“I use the info when I have to write papers on certain issues”
“To identify potential allies for our advocacy and research activities”.
Based on suggestions received from readers Eurodad improved the planning and structure of the listserves. Among the improvements were to produce special issues before key events and labelling items more clearly to enable readers to find the types of information they need.
Eurodad began to translate more of its reports and briefings, to enable them to circulate further in Francophone and Hispanophone countries in Europe and the South.
Eurodad bought and started using a new Customer Relationship Management contacts system to enable it to improve the classification of its diverse contacts. It enables better-targeted mailshots and easier planning of events such as our annual conference.
Eurodad annual report, 2005 10 Improving aid, reducing poverty
The Eurodad network maintained involvement and produced high quality outputs on all of its existing specialist areas. It also prioritised effectively to ensure it was able to drive processes on areas with most political relevance for European civil society groups. For 2005, following discussions with members, these were determined to be World Bank and IMF conditionality, and aid effectiveness.
Major outcomes
Eurodad was successful in building civil society interest in these politically and analytically complex areas, and in improving the outcomes of both. These conditionality and aid effectiveness frameworks will be important for aid delivery for many years.
Eurodad also made significant advances in researching and advocating on current World Bank and IMF Poverty and Social Impact Analysis practices.
Making Aid More Effective Recognising that aid needs to be better – managed and – targeted at the same time that its volume increases Eurodad has played a leading role in monitoring, explaining and advocating on the aid effectiveness agenda. Its roles have included liaising with officials, co-organising official and unofficial processes, raising awareness among members and other NGOs, and encouraging advocacy. Eurodad has focused on influencing the European position, producing briefings and holding a seminar in Brussels on the impact of aid to Africa. Eurodad has been working to ensure the Paris Declaration on Aid Effectiveness has robust and bold indicators and targets.
Eurodad was part of the NGO steering group for the Aid Effectiveness ministerial meeting in Paris. Eurodad helped set the agenda and ensure broad Southern and Northern NGO participation at the February 3 rd civil society consultation ahead of the official event and acted as an official rapporteur for one workshop.
Advocacy on Paris Declaration Targets Eurodad drafted an NGO declaration on aid effectiveness outlining some key demands for donors, in particular stressing the need for specific targets. The declaration was negotiated with a number of Southern-led networks (in particular Reality of Aid and Afrodad) and signed by 35 NGOs from around the world. It was circulated to officials and ministers before and at the High Level Forum on Aid Effectiveness in Paris on 2nd March. The quality and content of the statement was praised by NGOs and by senior officials in the OECD and other bodies. Eurodad produced a joint press release with some network members to comment on the meetings’ conclusions.
Eurodad closely monitored the inter-governmental negotiations in the OECD Development Assistance Committee (DAC) on a set of aid indicators and targets to give more teeth to the Paris Declaration agreed by ministers in March. Eurodad has circulated information to members, written joint lobby letters and maintained contact with DAC officials. In the summer Eurodad staff, plus a Eurodad member, met the Head of the OECD DAC to talk about plans for rigorous monitoring of the Paris Declaration. Following the meeting, Eurodad sent a letter calling for the need for independent and robust monitoring of targets and indicators and raising concerns on
Eurodad annual report, 2005 11 the present plans for monitoring and holding to account donors and developing countries for their commitments.
Briefings Eurodad has produced a series of briefings on this issue. Among these are:
a short analysis of the final indicators and targets agreed for taking forward the Paris Declaration and the monitoring arrangements planned for ensuring they are upheld by donors and developing countries alike.
an analysis of the EU’s stance on aid effectiveness, ahead of the Development and Finance Ministers meetings to discuss EU Aid and their contribution to the MDGs.
Report on key points from the forum which accompanied the ministerial meeting in March.
Eurodad also fed into a Concord Position statement on the matter, ensuring aid effectiveness was included as one of the key messages.
Convening and speaking at meetings
In June Eurodad - in conjunction with a Belgian-based organisation of the African diaspora (African Axis) - organized a seminar to explore the importance of aid quality. ‘Doubling Aid to Africa: Is it happening? What will it achieve?’ brought European Commission speakers, the Ambassador of Uganda and Eurodad member ActionAid together to discuss the issue in a lively and frank debate.
Eurodad staff have also given presentations in Nicaragua to local CSOs and donors on this issue, highlighting what donors have signed up to, how well they are doing and what they should do better. Eurodad also gave presentations to the Dutch government and Dutch NGOs on dilemmas facing donors implementing the aid effectiveness agenda and to civil society groups from across Africa at a PRSP-monitoring meeting in Kenya.
Tackling Aid Conditionality The use and abuse of conditionality is of particular interest to many Eurodad network members. In March Eurodad produced a short updated briefing on conditionality debates and positions. This was circulated to attendees at the EuroIFInet meeting in mid-March and used as the basis for discussions about future advocacy by Eurodad members and other groups. Eurodad also advocated on conditionality issues to all the European World Bank Executive Directors in Brussels at that time. At the global IFI strategy meeting in Ghana in February Eurodad also played a very active role in the debates on conditionality – both economic and governance.
Eurodad has worked extensively over the last couple of months on this issue, analyzing both IFI and bilateral donor data, assisting members with new research and working with members on developing joint advocacy positions, including formally responding to the World Bank Conditionality Review, gathering political intelligence for members and planning future media and advocacy events around the Annual Meetings.
Eurodad annual report, 2005 12 Summary of IMF Conditionality Review Eurodad produced a summary of the IMF review on Conditionality, which looks at program design issues as well as how well the IMF’s 2002 Conditionality Guidelines have been implemented.
Assisting with Member Research Eurodad has assisted Debt and Development Coalition Ireland with developing the terms of reference and overall messaging of new research it has undertaken on the World Bank’s Poverty Reduction Support Credit – Continuity or Change? The report was a direct input to the World Bank Review on Conditionality.
Organizing Joint NGO Advocacy positions on WB Conditionality Eurodad set up a small steering group to work on influencing the World Bank Conditionality Review. As part of this worked, Eurodad has produced a formal letter on Bank Conditionality, which has been sent to all the Executive Directors (ED) of the Bank and has been assisting members by collecting political intelligence on country positions on the conditionality review (letter and political intelligence briefing available).
Eurodad focused its efforts over the summer on influencing the WB conditionality review, which was presented at the Annual meeting. Eurodad gathered political intelligence for members, submitted joint member lobby letters to send to European decision-makers and coordinated advocacy events at the Meetings itself. This resulted in a Bank commitment to undertake a progress review of its conditionality next year.
Eurodad produced an in-depth summary of the WB’s review on Conditionality, which was used by members to lobby their governments on the need for reform within the Bank.
Eurodad worked on coordinating a European NGO and governmental position on conditionality. We attended and spoke at a meeting of the EUROIFI watchers network on the issue in Germany. We also produced a short briefing ahead of the European World Bank Executive Director meeting with civil society, calling for the Executive Directors to take a progress stance on the issue of conditionality. Eurodad, along with its members also presented these demands at the meeting with the Executive Directors in Washington, ahead of the Annual meetings.
Eurodad organised a seminar on World Bank conditionality with its members in Washington, just before the WB annual meetings. Over 60 NGOs attended the meeting, along with 15 members of staff from the WB and one of the WB’s Vice Presidents (Jim Adams). The seminar provided the opportunity for Eurodad members to present the findings of their research on conditionality and make the case for the need for radical reform within the Bank on this issue. The seminar also featured a parliamentarian from Malawi presenting his views of the negative impact that WB conditionality can have on developing countries.
Eurodad organised along with Interaction in the Washington DC an NGO only strategy meeting to explore future work and campaigning on the issue of conditionality. Over 20 NGOs from around the world attended the meeting, where research and campaign work ideas and plans were exchanged.
Eurodad co-hosted a seminar at the UN Millennium Summit on the IMF the UN and MDGs: Eurodad along with CIDSE and Afrodad organised a seminar in New York on ‘the UN, IMF and the MDGs: The imperative for greater coherence between the UN and the
Eurodad annual report, 2005 13 IMF in Low Income Countries’. There was good attendance from officials and CSOs and the IMF speaker we invited did an unimpressive job at defending his institution’s practices.
Strengthening PRSPs – Global and National During 2005 Eurodad has reflected carefully what should be its focus on the PRSP agenda, given its identity as a European network. Eurodad has produced three briefings on country level PRS processes, assisted members with their research and planning, presented at a range of meetings and undertook and convened advocacy around the World Bank PRSP Review.
Country PRS Briefings
To complement and enrich our monitoring of the joint WB and IMF PRSP Review at the global level Eurodad has continued to keep an eye on selected PRSPs at the national level. This aims to give more current detail to the work of Eurodad and its members.
Eurodad has also produced a report on Sierra Leone’s first PRSP. A particular issue here is that of aid selectivity because of corruption. Eurodad has produced a briefing highlighting the status of Zambia’s PRS processes. The briefings attempt to provide an overview of the key issues and events happening in these countries highlighting importantly Southern CSO voices through interviews. Eurodad undertook a research trip to Honduras and Nicaragua to look at progress with the PRSPs and related donor/creditor frameworks in these countries.
Member Support and Outreach
In the early Spring Eurodad produced a table of PRS-related work being undertaken by its members to assist them with complementing each others work and with linking up where possible.
Eurodad attended an event held by Diakonia and Forum Syd in Sweden looking at the PRSP process. Eurodad also attended and contributed to an economic policy advocacy training event in Burkina Faso in May and a World Vision UK seminar in the UK on PRSPs and Mutual Accountability.
Eurodad went to Honduras and Nicaragua to explore what is happening on the ground with these countries around the PRSP process. We met many civil society groups and officials, and organised a seminar to present our work on PSIA and Aid Effectiveness.
Eurodad monitored the outcomes of the WB and IMF PRSP review, meeting with officials in the Bank and Fund to discuss the report before it was released in order to give members rapid intelligence and advocacy suggestions.
Eurodad annual report, 2005 14 Poverty and Social Impact Analysis
Eurodad ran a one-year project funded by the UK’s Department for International Development to scrutinise the reality of donor analytic work and to raise awareness amongst civil society groups of the potential of this tool.
Monitoring of IFI analytic work
Eurodad developed contacts with relevant staff at the World Bank, IMF and European bilateral donors working on PSIA and introduced other network members to relevant staff. During the first half of the year, Eurodad met with many relevant officials in Washington, London, Paris and Frankfurt to discuss and gather information about donors’ plans and activities related to PSIA.
Eurodad compiled lists of all the PSIA studies that had been or were being carried out - including studies that were being funded by both IFIs and bilateral agencies, and also compiled together relevant documents and reports that had been produced. This information was then organised on the Eurodad website and used to raise awareness amongst civil society groups of what studies were going on in their country.
Following a meeting in March 2005 that Eurodad, Oxfam, Christian Aid and Save the Children UK had with relevant IMF officials Eurodad sent a letter of concern on the IMF’s slow progress on PSIA issues. The main concerns were that there was insufficient focus on analysing impact of macroeconomic reforms, lack of dissemination and openness of Fund PSIA work, no recognition of the need to broaden the policy dialogue, lack of social analysis and weak integration of PSIA in Fund work
In June 2005, Eurodad participated in the PSIA at a World Bank/DFID organised PSIA network seminar at the World Bank in Paris. This seminar was attended by representatives from the WB, IMF, OECD and several European bilateral donors. At this meeting Eurodad presented initial findings from its monitoring and research work on civil society’s view of the problems and challenges facing the implementation of PSIA. Eurodad’s presentation generated considerable debate amongst the participants as to whether PSIA should be a tool for Bank and IMF accountability in their loan programmes or for strengthening national policymaking processes.
In May and June 2005, Eurodad carried out a survey of 69 primarily civil society organisations in developing countries to find out their degree of knowledge and opinions of how poverty and social impact had been implemented in practice. These organisations came from African, Asian and Latin American countries where PSIAs have been carried out. Eurodad also interviewed key informants from selected countries as to their experience with participating in PSIA as well as World Bank officials. In September 2006, Eurodad met with World Bank and government officials in both Honduras and Nicaragua to discuss PSIA in those countries.
Awareness-raising among civil society groups
In March 2006, Eurodad produced an awareness raising leaflet on PSIA in English, French and Spanish which was distributed to members, to southern NGOs in Africa, Asia and Latin America. Eurodad produced nine PSIA updates throughout the year which were distributed through the PRS Watch listserve and to a growing database of organisations interested in PSIA.
Eurodad annual report, 2005 15 In April/May 2005 Eurodad travelled to Burkina Faso and Mali and made a presentation on PSIA at the Diakonia-organised West African conference on civil society involvement in economic policies and to a group of Malian NGOs to raise awareness of PSIA and discuss how they could get involved in PSIA in their country. Eurodad also gave presentations on PSIA and initial findings from research to Southern CSO participants in the Institute of Development Policy Management PRSP training course in Antwerp in May. Eurodad travelled to Honduras and Nicaragua in late September to meet with civil society groups and officials (donors and government) to carry out awareness raising and advocacy on poverty social impact analysis. This included a seminar organised with Trócaire in Nicaragua attended by CSOs and donors to present the findings of the Eurodad report and the Nicaragua PSIA case-study and to raise awareness amongst Nicaraguan CSOs of ongoing PSIA work such as that on water privatisation.
In November Eurodad ran a three-week multi-lingual electronic conference on Poverty and Social Impact Analysis. Two hundred people from 60 countries registered for this forum and the discussion was focused each week around a particular question related to evidence-based policy making. The conference aimed to improve communication between individuals interested in PSIA, share lessons of country experiences, and identify what donors, government agencies and CSOs can do to improve process and outcome of PSIA type work. Each week the debate was started up by selected discussants from Eurodad member organisations, other NGOs, official development organisations and research bodies. The online discussion and a summary report are accessible at http://forum.eurodad.org/Forum15-1.aspx . Eurodad also ran a workshop on the same topics at the Eurodad Annual Conference in Dublin, with input from a leading Overseas Development Institute researcher and a Chadian CSO.
Studies on PSIA
In September 2005, Eurodad published its report on PSIA, Open on Impact? Slow progress in World Bank and IMF poverty analysis in English, French and Spanish. Three of the four Eurodad commissioned case-studies on PSIA (Ghana, Nicaragua and Vietnam) were also completed and published on the Eurodad website in September 2005. The final case-study from Mali on cotton reform has been delayed due to the fact that the World Bank has not yet published its PSIA or provided the other information we have requested.
Galvanise network members and partners to conduct advocacy
In June 2005, in consultation with network members, Eurodad submitted an advocacy letter to the World Bank and IMF PSIA review. This letter highlighted several issues from our research including information access problems, poor ownership of PSIA processes, and insufficient link to policy process.
In September 2005, Eurodad presented the research findings on PSIA at a side-event at the annual meetings of the World Bank and the IMF. Representatives from both the Bank and the Fund responded to the report findings and the event was attended by over 40 civil society and donor representatives. Eurodad, in coordination with Save the Children UK, also organised two further advocacy meetings - with representatives from the UK and German Executive Directors’ offices and key individuals within the Bank working on PSIA to discuss some of the issues raised in the Eurodad report. Eurodad also gave further presentations on its PSIA findings, including to the Dutch, Italian and Swedish governments at meetings co-organised with Eurodad network members.
Eurodad annual report, 2005 16 European Strategies on the World Bank and IMF Eurodad has been requested to take the lead on various regional- and international- level advocacy activities on the International Financial Institutions beyond those noted above.
Challenging the World Bank president selection process Eurodad used an innovative web-based campaign to highlight the problems with the process of appointing a new World Bank president, and to seek to shape pubic debate on the likely candidates. Eurodad commissioned a UK-based communications company to establish a new web site (www.worldbankpresident.org ) in early January.
This site far exceeded expectations in achieving its intentions of capturing the attention of relevant journalists, activists and officials. As well as acting as a source for journalists (helping to drive and direct the story) the site has itself been the subject of a number of articles in the US, UK, French, Dutch and other media. It was even printed out and used by outgoing Bank president James Wolfensohn when he had a meeting with US Treasury Secretary John Snow. Many World Bank and European government officials were very willing to share information for the site.
When the Wolfowitz nomination became public in mid-March, Eurodad took action within hours to brief members and many other civil society groups, to provide materials for civil society advocacy and to do presswork. The petition that Eurodad drafted obtained 1650 signatures within a week and was frequently cited in the media as evidence of opposition to the Wolfowitz nomination. Eurodad’s work on this was praised by a range of civil society groups, as well as by officials from within European governments, the World Bank and Southern government representations (see box). Eurodad’s activities helped in putting Wolfowitz on the defensive for many days, in extracting commitments from him, in creating a better public debate, and in shining a light on the ineffective European responses to the US proposal.
Praise for Eurodad’s World Bank president website
“You are doing a great job”. Ariel Buira (Director, G24 Secretariat)
"Accomplished and intelligent… sifts through the speculation and brings you the latest news." The Guardian, February 2005
"Keep track of the rumored candidates, power plays and buzz." The Washington Post, January 2005
"If any of you want to be up to date on the inside scoop, check worldbankpresident.org , and you'll probably know as much as I do." James Wolfensohn, speech to Bank staff, January 2005.
Eurodad annual report, 2005 17 Shaping and speaking at Ghana global IFI meeting Eurodad was asked by Third World Network to help shape the economic policy conditionality and debt pillars of the global NGO strategy meeting in Accra in February, attended by 90 NGO representatives from 30 countries. Eurodad did so – based on the experience at our own Annual Conference. Eurodad also made one of the initial strategic overview presentations at the meeting.
Organising European Executive Directors’ meeting Eurodad organised the joint meeting with European NGOs and European Executive Directors to the World Bank in March. This is the third in a series of joint meetings of this kind, but the first to occur in Europe. Eurodad liaised and negotiated with the EC and the Bank and also organised the NGO presence and agenda inputs.
Hosting European IFInet meeting Eurodad also hosted the six-monthly meeting of the European IFI network. This was done in cooperation with Bretton Woods Project and Urgewald. A number of Eurodad members attended, as well as representatives of other groups and networks. Very useful strategy and planning discussions were held on conditionality and parliamentary scrutiny, among other issues.
European governance of the IFIs In the context of increasing economic and political convergence the European Commission is playing a growing role in coordinating European Executive Directors, and more dramatic changes may occur in the coming years (including perhaps relinquishing some European EDs’ seats).
Therefore Eurodad commissioned consultants to carry out a study on the European governance of the World Bank and IMF. This examines how European governments currently develop and feed in their policy lines to the Bank and Fund and how they are increasingly coordinating and may do so further in future.
Promoting IFI transparency In August, Eurodad participated in a meeting of the Global Transparency Initiative. The meeting brought together freedom of information campaigners with transparency in IFIs campaigners to discuss synergies and common campaigns. Eurodad participated in the meeting to explore how we could link up with these groups and in particular how to combine efforts to extract information essential to exposing certain key cases.
Eurodad annual report, 2005 18 Ending debt domination Eurodad’s main work has been on tracking and working with others to shape the multilateral debt negotiations led by the G8 governments. Other work has also been developed on debt sustainability and export credit debt, as well as on the specific cases of Nigeria and Iraq. Eurodad has played a significant role in ensuring that NGOs across Europe and worldwide were as informed and united as possible during this important period for the debt campaign.
Many Eurodad members are very actively involved in advocacy and public campaigning on debt issues, including multilateral debt, odious debt and specific country cases. Eurodad has supported members’ activities with an increased and improved output of information, through the listserves, rapid responses to members and others with requests for data, contacts, etc. The information distributed has often been multi- lingual – with translations for example of the British government’s proposals and our initial responses to them.
Eurodad’s focus activities included:
1. Supporting advocacy/campaigns on multilateral debt cancellation;
2. Supporting advocacy for a fair deal for tsunami-hit countries;
3. Coordinating civil society input to UN multi-stakeholder dialogues on debt;
4. Shaping the World Bank/IMF debt sustainability framework;
5. Exposing export credit debt problems;
6. Working towards a good debt deal for Nigeria.
Major outcomes
Eurodad played a major part in helping to create the political conditions for a further deal on multilateral debt, which was delivered by the G-8 in July. At many stages in the first six months of the year it looked likely that the proposed deal might either fall apart or be considerably less generous than it finally turned out to be. Eurodad also played an important role in providing details of what the deal contained and implied.
By contrast the work on the tsunami countries was not particularly successful except in raising awareness. This is partly because the governments concerned did not want to take political risks by challenging creditors in the Paris Club, and because of internal tensions in some of the governments, such as Indonesia.
The UN multi-stakeholder process has yielded some useful outcomes but it is uncertain how much follow-up there will be.
On debt sustainability Eurodad highlighted positive and negative aspects of the debt sustainability proposals but was not successful in changing the major aspects of the framework.
Eurodad annual report, 2005 19 On export credit debt Eurodad was successful in getting a good political statement agreed, circulated and signed onto by civil society groups, but the uptake at and around the UN summit was less than had been hoped.
On Nigeria Eurodad helped mobilise members to advocate for the deal struck at the Paris Club in October, which was generous by Paris Club standards, but also involved very significant - and unjust - payments by Nigeria to its creditors of $12.5 billion from Nigeria’s oil fund.
Multilateral debt cancellation Eurodad’s roles on this issue included championing it to CSOs in the network and beyond, producing analyses, obtaining and circulating political intelligence, supporting campaigning and undertaking direct advocacy. Eurodad brought organisations together either face-to-face or via conference calls to strategise and plan, press and lobby work, and provided inputs and support to related coalitions such as the Global Call to Action Against Poverty. Particular emphasis has been placed on briefing and coordinating with Southern networks.
In January Eurodad commissioned and edited a briefing: Multilateral debt cancellation: current proposals explained. This set out the costings and implications of the plans outlined by different G-8 governments and was extensively used by groups across Europe, North America and the South, to prepare and guide advocacy.
Eurodad also systematically gathered intelligence from G8 capitals and beyond, and has briefed a range of journalists on the debt proposals, for example around the G8 finance ministers’ meeting in early February. Eurodad also circulated its own synthesis and analysis of UK Government proposals on debt cancellation, especially among Southern colleagues. This was translated into French, Spanish and Portuguese and was very well received by African colleagues in particular, who felt inadequately informed on the details of the proposals. Melakou, from PANOS Ethiopia (an organisation that specialises in media briefing) commented, for example: “thank you very much for the information”. Richard Kimbowa from Uganda commented, “Thanks, I believe this is useful information”. KENDREN (Kenya Debt Network) wrote, “Thanks again for the work done […] I often have used your documents. You are doing a good job”.
At a global civil society strategy meeting on the World Bank and IMF in Ghana in February meeting in February Eurodad played a major role in discussions to clarify perspectives on the current official debt proposals. As well as providing substantive inputs to the discussion on how to shape and respond to the proposals, Eurodad established an inter-regional, politically diverse grouping of NGO debt experts able to communicate on an ongoing basis to ensure common approaches and messages. This grouping was formally asked to feed in its policy perspectives to the Global Campaign Against Poverty, the major civil society public campaign on global policy issues of 2005.
Eurodad also provided action suggestions to members, for example highlighting and reporting on the 18 January day of action towards G8 embassies.
Political intelligence and analysis
In the run-up to the G8 Summit, Eurodad assisted members and colleagues stay ahead of the game during fast-paced political negotiations. We have disseminated key political
Eurodad annual report, 2005 20 intelligence – with our own comment and analysis – in a regular and timely manner either through targeted member mail-shots and the Debt-Watch listserve.
Strategising and planning
In May, Eurodad convened a “debt strategy workshop” for network members with discussions focused on multilateral debt cancellation, debt sustainability and odious debt. Eurodad also co-organised and co-chaired a debt strategy meeting between US and European debt organisations in Washington DC around the 2005 IMF/World Bank Spring Meetings. This was very important to share intelligence, examine different positions held by US and European official and civil society actors, and look ahead to the next stages of G7 negotiations. In addition, Eurodad was invited to give a speech at a planning meeting of the Global Call to Action Against Poverty, convened several teleconferences of the South/North debt working group, and produced the “South/North Political Statement on Multilateral Debt Cancellation”. This statement was disseminated widely. Finally, Eurodad convened an “international networking meeting on debt” in Edinburgh, Scotland which brought campaigners together from all over the world to plan our response and strategies around the G8 Summit announcement on debt.
Advocacy and lobbying
Eurodad staff have supported members in their advocacy and have engaged in direct advocacy and lobbying activities which have included numerous interviews with press agencies in many different countries, press releases, lobby meetings with key officials.
Examples include a panel meeting in Washington in April to discuss debt sustainability and selectivity (co-organised with CIDSE). Eurodad moderated the meeting, which had speakers from CSOs and IFIs. It also involved helping to organise civil society participation in, and speaking on a panel in Geneva in June at the UNCTAD international debt management conference with officials from the World Bank, UK Treasury and Spanish Ministry of Finance.
Eurodad has produced data sets to highlight key statistics for debt campaign groups to use in their advocacy and lobby work. It also produced two briefings on multilateral debt to support the work of the network. These were Sell IMF Gold to Cancel Debt: Decision Time is Now, a paper which was signed onto by a number of other major debt networks and used at and around the Bank/Fund Spring Meetings. Also Devilish Details: Implications of the G7 Debt Deal. The latter, which Eurodad produced just three days after the G-7 finance ministers meeting, exposed and explained several complex hidden aspects of the deal, notably that countries would not obtain nearly as much net benefit as was widely being assumed. The briefing was very widely circulated and used by civil society groups in Eurodad’s network and beyond.
On multilateral debt cancellation, Eurodad has focused on tracking and reporting on roll-out of the deal agreed at the G8 Summit in Gleneagles in July. This has involved the collection of information on donor positions from various members and capitals, the timely production and dissemination of intelligence updates, linking various members together in advocacy efforts towards their governments and in their media briefings.
Eurodad also produced a model lobby letter on the G8 multilateral debt deal and 2005 World Bank conditionality review for members to use in their advocacy in the run-up to the Bank/Fund Annual Meetings 2005. Versions of this letter were widely used by many Eurodad member organisations. In addition, Eurodad was present at this year’s annual
Eurodad annual report, 2005 21 meetings. In partnership with Jubilee USA and the Institute for Policy Studies, we co- convened a debt information-share and strategy discussion as well as appeared on the panel at a press conference which attracted a dozen journalists from different press agencies. Following the various announcements on the G8 debt deal, Eurodad and Interaction co-convened a short meeting of debt campaign groups to digest information received and begin to plan civil society responses and strategies. Eurodad also organised or participated in a number of lobby meetings with various Bank/Fund EDs and other Bank/Fund staff where it was able to raise a number of important issues. Eurodad also produced a rapid reaction briefing on the Monday after the meetings setting out key issues which still need to be monitored and agreed.
Support to the Global Call to Action Against Poverty
Eurodad has become a member of GCAP and has engaged strategically in the coalition where we feel we can bring most added value and expertise. This has involved participating in a number of Brussels-based meetings and teleconferences of European GCAP partners and making a presentation at the Padua GCAP International Facilitation Group in order to contribute strategic advice on key messages on debt. It has also involved feeding into draft GCAP global positions, assisting with Europe-specific advocacy, and in linking GCAP and the South-North Debt Working Group.
Among the relevant outputs here were the summary paper on the EU, Debt and the MDGs, produced in April to digest and clarify the main points in the European Commissions multiple documents released in that month. In cooperation with ActionAid International and Oxfam International, Eurodad contributed the debt chapter to a joint report on EU Heroes and Villains in aid, debt and trade (drafting of debt section). This received excellent media coverage, (www.eurodad.org/articles/default.aspx?id=583).
Debt sustainability Eurodad has tracked official discussions on debt sustainability and briefed network members and others. Among its main outputs on this was a position paper on the new Debt Sustainability Framework (DSF) Eurodad launched its position paper on the new Bank/Fund debt sustainability framework for low-income countries in Rome in September. The paper, Still missing the point: the new IFI Debt Sustainability Framework is a critical assessment of the method the International Financial Institutions – and very likely other creditors/donors - are planning to use to determine the allocation of grant and loan resources to impoverished countries. The report helps NGOs understand this complex but important methodology and so to consider ways to intervene in national and global debates on implementation.
The paper was also widely distributed at the Bank/Fund Annual Meetings in September. There has been good feedback from several NGO colleagues as well as from several World Bank staff. The latter said it will be extremely useful input into the review of the framework by the World Bank during 2006. The paper is available in English, French and Spanish.
Eurodad annual report, 2005 22 Misleading Aid Figures 2004 saw the cancellation of US$30 billion of Iraqi debt by Paris Club creditors. In late 2005 an agreement was reached “in principle” on the cancellation of a large part of Nigeria’s debt. In most cases, these cancellations will be paid for from official development aid budgets. Unfortunately, this brings the very real danger (and probability) that Europe’s and the OECD’s aid levels will be falsely and temporarily exaggerated. Indeed we have already seen this happen in the past. Eurodad is working to shed light on such misleading practices.
EU and the MDGs Eurodad produced an analysis and short summary of the European Commission’s MDG documents analysing member state progress on Financing for Development and related agendas. In the papers, Eurodad pointed to the danger that Iraqi debt cancellation had the potential to falsely inflate the EU’s aid figures by up to a quarter. The papers were distributed to members as well as more widely on the listserve. Eurodad also brought this to the attention of the GCAP Coalition.
Briefing on Iraqi Debt Cancellation In June, Eurodad produced a three page briefing on this issue which included specimen parliamentary questions to be raised by members at national level. This has been taken up by Italy and the UK at least. Eurodad has also worked with Italian member, CRBM to ensure the European Parliament is up to speed and able to raise this issue in all relevant forums. The briefing again flagged the real danger that Iraqi debt cancellation could inflate Europe’s aid figures artificially and temporarily by a quarter.
Export credit debt Regarding ECA-related debt, Eurodad and ECA-Watch published a political statement with signatures from 57 CSOs in 27 countries worldwide. The statement contests the practice of ECA debt write-offs being fully accounted as ODA, especially as ECA-created debts are often odious in nature. The statement received less media attention than we had hoped (because of competing events and reports around the UN summit) but was used by Eurodad and its members, however and was mentioned in a long Eurodad letter published in the Financial Times.
Odious debt Eurodad has taken steps to intensify its work on odious and illegitimate debt. At the final UNFfD multi-stakeholder consultation on debt in Geneva in June, a proposal for a global multi-stakeholder working group on fair debt work-out mechanisms and odious debt was proposed and unanimously approved by participants. In parallel, the Norwegian Government announced it will finance a study of illegitimate debt to be carried out by the World Bank. Eurodad convened a teleconference call between a number of member organisations, Southern groups and organisations involved in the UNFfD consultations to discuss how a broader group, such as the one proposed above, may be a more appropriate body to take such a study forward. This has resulted in lobby efforts towards the Norwegian Government by Norwegian network members while other groups have had the opportunity to feed-in their ideas. Eurodad and SLUG also
Eurodad annual report, 2005 23 met with relevant officials in Washington DC to raise issues about the appropriateness of the World Bank as driver of this research study.
For the Global Assembly on Debt, in Cuba, Eurodad also produced a discussion paper on the issue of creditor co-responsibility. The paper drew on examples from Democratic Republic of Congo, Nigeria, Iraq, Haiti and others. This initiated debate between civil society groups at the conference on how vital work in this area could proceed as well as reflection on challenging questions on debt cancellation for countries where serious questions are being raised in relation to corruption and/or human rights violations. A further paper was also produced for the event which outlined Brazil’s experience with debt audits based on interviews with key figures in Brazil. Eurodad’s work on odious and illegitimate debt will intensify in 2006.
Other country cases At the beginning of the year Eurodad worked in close cooperation with INFID to support their work in developing a policy response on Indonesia’s debt treatment after the tsunami. Eurodad contributed to draft policy proposals and letters and was heavily involved in pushing these forward, encouraging members to take action, briefing INFID and others on European political responses, and doing media work.
Eurodad annual report, 2005 24 Major publications Eurodad produced a range of written outputs: from its list-serves (100 of which were sent out in 2005) to short briefings for members, to longer analytical documents aimed at members and other interested parties. Most of these documents appear on the Eurodad website, but some of the member documents are not posted there as they are for internal use only.
Selected Eurodad publications, 2005. For all Eurodad’s publicly-available written outputs, see: www.eurodad.org/articles/search.aspx?intType=51&intSource=90.
Title and topic Audience(s) Date
Open on Impact? Slow Progress in World Public study September 2005 Bank and IMF Poverty Analysis. commissioned by Assessment, based on country case the Department for studies, of implementation gaps on International reform impact analysis. Development (UK).
Briefing on need for European Position Policy briefing September 2005 on WB Conditionality. targeted at A short briefing ahead of the European European Executive Executive Directors of the World Bank Directors of the meeting with civil society, calling for a World Bank. progress stance on conditionality.
Still missing the point: Unpacking the Public study September 2005 new World Bank/IMF debt sustainability targeted at NGOs framework and decision- makers. Briefing describing and criticising the new framework for deciding on debt and future financing for Southern countries.
Loosening the Leash? The World Bank Public study August 2005 Conditionality Review targeted at Summary of key findings of World Bank Eurodad member conditionality review, and suggested NGO NGOs, and NGOs in advocacy points. other regions.
G8 communiqué: More and Better Aid? Public study July 2005 An in-depth critical analysis of the aid targeted at NGOs pledges in the G8 communiqué, plus and decision- suggestions of what NGOs should monitor makers. in the coming years.
Devilish details: Implications of the G7 Public study June 2005 debt deal targeted at NGOs Exposé of the limitations and hidden and decision- catches of the G7 finance minister’s makers. agreement on debt.
Eurodad annual report, 2005 25 Eurodad submissions to WB/IMF PRS World Bank May 2005 review EURODAD has submitted a series of points to the World Bank and IMF for their review of the PRSP approach. Issues covered include conditionality, transparency and the macro-economic framework.
The Timid Giant - European Union Public study April 2005 Progress on Aid Effectiveness targeted at NGOs This briefing paper highlights and decision- the progress made by the European makers. Union on aid effectiveness and the new policy proposals suggested by the Commission for enhancing progress in this area.
Multilateral Debt: Little Progress at Public study April 2005 Spring Meetings targeted primarily Summary of the debt-related outcomes of at NGOs. the 2005 World Bank and IMF Spring Meetings and brief analysis of the political obstacles to progress. www.worldbankpresident.org Public website January-April 2005 ’Blog’ website to increase awareness and targeted at transparency of the selection process of journalists and the new World Bank President, as well as informed members the track records of the rumoured of the public. candidates and positions of key governments on the World Bank’s board.
Eurodad annual report, 2005 26 Eurodad member organisations, 2005
Eurodad is a network of 51 member organisations from 15 European countries.
Organisation Name Country Web Site 11.11.11 Belgium www.11.be
ActionAid UK United Kingdom www.actionaid.org
Afrika Grupperna Sweden www.afrikagrupperna.se
Agir Ici France www.agirici.org
Alliance Sud Switzerland www.alliancesud.ch
Action Solidarité Tiers Monde Luxembourg www.astm.lu
ATTAC Sweden Sweden www.attac.se
Both Ends Netherlands www.bothends.org
Broederlijk Delen Belgium www.broederlijkdelen.be
CAFOD United Kingdom www.cafod.org.uk
Campagna per la Riforma de la Banca Mondiale Italy www.crbm.org
CCFD France www.ccfd.asso.fr
Christian Aid United Kingdom www.christian-aid.org.uk
Church of Sweden Aid Sweden www.svenskakyrkan.se
CNCD Belgium www.cncd.be
Cordaid Netherlands www.cordaid.nl
Debt and Development Coalition Ireland www.debtireland.org
Diakonia Sweden www.diakonia.se
Erlassjahr Germany www.erlassjahr.de
Forum Syd Sweden www.forumsyd.se
Hivos Netherlands www.hivos.nl
ICCO Netherlands www.icco.nl
Intermon - Oxfam Spain www.intermon.es
International Jesuit Network for Development Ireland www.ijnd.org
Eurodad annual report, 2005 27 Jubilee Research at New Economics Foundation United Kingdom www.jubileeresearch.org
KEPA Finland www.kepa.fi/english
Kerkinactie Netherlands www.kerkinactie.nl
Kindernothilfe Germany www.kindernothilfe.de
Koo Austria www.koo.at
Misereor Germany www.misereor.de
MS - Mellemfolkeligt Samvirke Denmark www.ms.dan.dk
NIZA Netherlands www.niza.nl
North South Coalition Denmark www.ibis.dk
Norwegian Church Aid Norway www.nca.no
Novib Netherlands www.novib.nl
ÖEFSE Austria www.oefse.at
Oikos Netherlands www.stichtingoikos.nl
Oxfam GB United Kingdom www.oxfam.org.uk
Plan International Netherlands Netherlands www.plannederland.nl
Platte-forme dette et developpement France www.dette2000.org
Save the Children UK United Kingdom www.savethechildren.org.uk
SLUG Norway www.slettgjelda.no
Tearfund United Kingdom www.tearfund.org
Trocaire Ireland www.trocaire.org
Wateraid United Kingdom www.wateraid.org.uk
WEED - Germany Germany www.weed-online.org
Wemos Netherlands www.wemos.nl
World Development Movement United Kingdom www.wdm.org.uk
World Vision Germany Germany www.worldvision.de
World Vision UK United Kingdom www.worldvision.org.uk
Notes: Action Solidarité Tiers Monde (Luxembourg) stood down as a member at the General Assembly in November. At the same time Eurodad welcomed as new members Both Ends, Attac Sweden, Le Centre National de Coopération au Développement (CNCD)
Eurodad annual report, 2005 28 Financial Report
2005 results
The 2005 figures are audited and approved by the General Assembly that took place the 31st of May. The results show a positive balance for the year of €47,000. Spending was very close to target, but income was around 10 per cent higher than forecast. This was due to generous contributions from Eurodad member organizations. Certain members contributed more generously than had been predicted, leading to a final member income 30 per cent higher than expected. Some €49,000 (1/4) of this member income arrived late - between February and April this year – and was therefore not genuinely available to spend during 2005.
Following a loss of €19,000 in 2004 Eurodad will be able to rebuild and increase its reserves. This is vital against any future year when we have a funding shortfall or cashflow difficulties because of late payments from a core funder. The reserves level at the beginning of 2006 was €107,000, with an additional €43,000 statutory minimum amount set aside for salary payments in case of the need to wind up the organization. The total (€150,000) represents 25% of our annual budget.
The significant variances on the spending side compared to the original budget were the following:
an overspend on the annual conference (budget line c) in Ireland (24 Southerners supported by Eurodad, needed to employ a temp to help organise);
a very large accountancy bill (budget line e) to deal with the 2004 accounts (which should have been provisioned in the 2004 figures for which the current team had limited institutional knowledge and documentation);
an underspend on travel (budget line b).
an underspend on equipment (budget section d) because the costs of equipment are being written down over three years, something not predicted in the budget;
an overspend on publications and consultants (budget section f) because of some under-estimations on the PSIA project.
Eurodad annual report, 2005 29 Eurodad 2005
Final financial statement
Core PSIA Total
Income 561591 133624 695214
Expenditure 513553 130927 644480
Income, 2005
Income Annual actuals Budget
Core PSIA Core PSIA
TMF 175,000 175,000 0
Members 196,930 152,000 0
SIDA 165,412 167,000 0
DFID 133,624 0 135,287
Other (annual conference fees, bank interest, Euro IFI study) 24,248 5,123 0
Totals 561,591 133,624 499,123 135,287
Grand total 695,214 634,410
Eurodad received slightly less than budgeted from both SIDA and DFID because of exchange rate movements (the Euro strengthened).
Eurodad annual report, 2005 30 Eurodad analytical accounts 2005
PSIA Vs. Budget line Core spend spend TOTAL Budget budget
(a) Human resources 281,508 71,798 353,307 366,241 96%
(b) Travel 27,540 7,796 35,336 43,975 80%
(c) Meetings and Partner support 63,729 0 63,729 41,950 152%
(d) Equipment 20,376 2,725 23,102 26,456 87%
(e) Running costs 90,571 10,972 101,543 74,133 137%
(f) Materials 29,828 37,635 67,463 62,214 108%
GRAND TOTAL 513,553 130,927 644,480 614,969 105%
Eurodad annual report, 2005 31