Release Date: 08 Apr 2020
A group of Australian civil society organisations (CSOs) released a statement today calling for the Australian Government to support the cancellation of external debt payments in 2020 for Low Income Countries (LICs) to help them fight the coronavirus. Organisations who signed onto the statement include: Jubilee Australia, Action Aid Australia, Caritas Australia
Release Date: 29 Mar 2019
Jubilee Australia, Caritas Australia and UNSW released a new report today, Enter the Dragon: Australia, China and the New Pacific Development Agenda, about the proposed new infrastructure fund for the Pacific. The report is strongly critical of the proposed Australian Infrastructure Financing Facility for the Pacific (AIFFP), arguing that the rationale for the scheme has been made on faulty premises,
Release Date: 14 Feb 2019
Yesterday the Government introduced a bill to amend Efic. If approved, Efic would change its name to Export Finance Australia and take responsibility for a $1 billion fund with the objective of supporting infrastructure in the region. Worryingly, lending money through this mechanism could only occur if the infrastructure project would result in an “Australian benefit”. This would be a dramatic change.