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The horrible disaster in the Philippines has shocked us deeply, and we would like to express our sympathy with all the people that have seen their lives ruined within the blink of an eye. We cannot begin to imagine what it must feel like to lose literally everything. Not only your house, belongings and means of living, but also loved ones, friends and family.  

Press Release

Dutch export credit agency Atradius DSB provides ample opportunity for money laundering and tax avoidance.

A structural lack of control on the part of Dutch export credit agency Atradius Dutch State Business (DSB) gives leeway to its customers and their partners to launder money and dodge taxes. This is the main conclusion of the study ‘Cover for What?’ done by researchers of the Dutch NGO Both ENDS. Displaying this lack of control Atradius, which is working exclusively for the Dutch State, undermines policies designed by the very Dutch State to counteract money laundering and tax evasion. The study shows three transactions backed by Atradius in which multinationals choose a seat in tax havens and handle affairs from there, using non-transparent business structures. Atradius does nothing to counter these strategies. The lack of control displayed by Dutch ECA Atradius might very well apply to similar export credit agencies in other countries.

On Monday 11 November the Dutch Parliament debated  on the Dutch Good Growth Fund (DGGF), which was initially launched in 2012 under Minister Ploumen for Foreign Trade and Development. The fund aims to promote ‘development relevant trade’: imports and exports which are beneficial not only for the Netherlands, but also for the population in (poor) countries they invest in. However, the question is whether in practice it will work this way. According to Anouk Franck of Both ENDS,  the DGGF focuses too much on trade, and economic factors. This is reflected in critical report which was recently published by ActionAid, SOMO and Both ENDS.

November the 1^st is the deadline for the amendment or withdrawal of the Bilateral Investment Treaty (BIT) between the Netherlands and South Africa. The intention of the treaty was to expand and strengthen the economic relationship between the two countries, to promote the exchange of capital and technology and to strengthen the economic growth. The question is what will happen next;  Burghard Ilge of Both ENDS explains.

October 10th the fifth board meeting of the Green Climate Fund took place, this time in Paris. The Green Climate Fund is an international fund set up and commissioned by the United Nations in order to help developing countries combatting the negative effects of climate change. Possibly, developing countries are granted with an amount of $100 billion a year! Although the financial support is very promising, opinions differ widely on how that money should be spent. Therefore Anouk Franck and Annelieke Duma of Both ENDS attended, along with Titi Soentoro of the Indonesian organization Aksi! and Jorge Daneri of M'Bigua from Argentina, to make sure that the money gets where it is most needed.

It's October, time for the annual meeting of the World Bank in Washington DC in which the annual results and future plans will be presented to the outside world. It also gives NGOs from all over the world an oppotunity to talk with World Bank’s administrators and relevant staff on future policies. Pieter Jansen of Both ENDS travelled to Washington together with three representatives of local organisations in the South: Yu Chen of Green Watershed from China, Mayra Tenjo of ILSA from Colombia and Ram Wangkheirakpam of NEPA from India. Their main purpose is to highlight the importance of social- and environmental requirements that the investments of the World Bank should meet, the so-called 'safeguards'.