Considering the social and economic impact of the COVID-19 crisis on poor countries — in Africa in particular — Coordination SUD, the French national umbrella organization of international non-governmental organizations (INGOs), is calling on the French government to drastically increase its funding for development assistance.
Coordination SUD calculated that according to financial needs expressed by World Health Organization (WHO), the United Nations Office for the Coordination of Humanitarian Affairs (OCHA), and United Nations Conference on Trade and Development (UNCTAD) alone, France should proportionally to its size, contribute as much as €14.5 billion (US$15.9 billion) toward international development efforts.
Specifically, Coordination SUD is calling on the French government to:
- Increase the volume and the rate of the Financial Transaction Tax to mobilize additional funding for official development assistance (ODA);
- Increase its ODA as soon as the next 2020 budget law amendment to rapidly reach the 0.7% UN ODA to GNI target, a commitment to be renewed in the 2021 budget law and the forthcoming orientation and program bill on international development; and
- Mobilize the G20, Development Banks, and private lenders to relieve the debt burden of the most affected countries.