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Honest Accounts: Letter sent to G20

12/11/14

Thank you to everyone who signed our petition, calling upon the G20 leaders to give an honest account of the world’s relationship with Africa. As they meet this weekend in Brisbane we’ve sent them the following letter.    

Dear G20 Leaders,

Africa is losing $192 billion each year. This compares with just less than $30 billion it receives in aid.  Research we recently published with 12 other European and African NGOs shows that compared with all resource flows – including remittances, FDI and loans into Africa – the continent has a net loss of $58 billion each year. These facts demand that we rethink the way we address poverty in Africa.

Countries of the G20 play a role in many of Africa’s losses, from the impacts of climate change to inadequate regulation of companies, and the global structures that facilitate tax dodging. As you meet this week we ask that you consider robust action to address the structural causes of poverty.

This call is bolstered by our supporters around the world who have signed a global petition calling for action including robust and far reaching action to end tax havens.

The OECD has said that developing countries could be losing up to three times the global aid budget through tax evasion and avoidance.  Crucially you must now deliver on your previous commitment that developing countries will benefit from increased tax transparency.  This requires that they do not continue to be excluded from the process of restructuring the global tax architecture.

We hope you will acknowledge your responsibilty to address the policies and practices that impact on global poverty. In particular we hope your actions will result in an ambitious overhaul of the global tax system that will benefit all countries.

Yours faithfully,

Martin signature

 

 

 

Martin Drewry

Director – Health Poverty Action

 

Read the full report: ‘Honest Accounts? The true story of Africa’s billion dollar losses’

 


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