In this video Witness Radio Uganda and GRAIN express pessimism on why development finance from Canada may not be different from other financiers.
Witness Radio Uganda’s Team Leader Jeff Wokulira Ssebagala and GRAIN’s researcher Devlin Kuyek share views on the adverse effects of harmful financing and developments world Wide in an interview with the Co-founder of the Blended Finance Critique Susan Spronk, a Canadian based coalition of civil society organizations, unions and academics that condemns the operations of Blended Finance in Canadian Aid.
According to the Organization for Economic Co-operation and Development (OECD), Blended finance is the strategic use of development finance for the mobilization of additional finance towards sustainable development in developing countries. The Canadian government is widely promoting blended financing as a form of privatization to meet the United Nations’ 2030 Sustainable Development Goals (SDGs).
But civil societies such as Susan’s urge it (blended finance) undermines Canada’s ability to meet its commitments to the established goals of Official Development Assistance (ODA), namely poverty reduction, a central focus of the SDGs.
Watch the full video here
