JENA, along with its United Kingdom partners, is lobbying the UK Government to rechannel more of its IMF Special Drawing Rights (SDRs) allocation and lead other rich nations to do the same to combat climate change and biodiversity loss in Sub-Saharan Africa, an area of concern that the UK has consistently identified as a priority...
Category: Research Publications
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Natural Resource Tax Revenues
· Natural Resource Tax Revenues BACKGROUND Mining is one of the sectors that one can describe as the mainstay of the Zimbabwean economy. With optimal and robust taxation, the sector’s contribution to the country’s revenue could be much larger than it is now. For example, in 2019, total mining export receipts peaked at US$2.9 billion and...
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Report on the the Capacity Building Workshop on IFFs
· Report on the Capacity Building Workshop on Illicit Financial Flows for the Portfolio Committee on Budget, Finance and Economic Development Introduction Illicit Financial Flows (IFFs) are illegal movements of money from one country to the other. Global Financial Integrity classifies this movement as an illicit flow when funds are illegally earned, transferred, and/or utilized across an...
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Report on the Capacity Building Workshop on Illicit Financial Flows for the Portfolio Committee on Budget, Finance and Economic Development
Report Compiled by: Godess Bvukutwa Introduction Illicit Financial Flows (IFFs) are illegal movements of money from one country to the other. Global Financial Integrity classifies this movement as an illicit flow when funds are illegally earned, transferred, and/or utilized across an international border. The concept of IFFs can be rather complex and daunting to many thus the...
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Maximizing Revenues from Natural-Resource Extraction
BACKGROUND Mining is one of the sectors that one can describe as the mainstay of the Zimbabwean economy. With optimal and robust taxation, the sector’s contribution to the country’s revenue could be much larger than it is now. For example, in 2019, total mining export receipts peaked at US$2.9 billion and this amount translated to about...
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Tenth Sovereign Debt News Update: IMF Fund Disbursement and Monitoring
· Tenth Sovereign Debt News Update: IMF Fund Disbursement and Monitoring The G20’s Debt Service Suspension Initiative (DSSI) has provided debt relief worth USD$5 Billion to 40 countries. The DSSI was originally set to expire in December 2020, but after the recent meeting of the G20 Finance Ministers meeting, there are indications that the term of...
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Ninth Sovereign Debt News Update: IMF’s Agreement with Sudan, Somalia and Madagascar in Context
· Ninth Sovereign Debt News Update: IMF’s Agreement with Sudan, Somalia and Madagascar in Context In response to the economic shock following the covid-19 pandemic, South Sudan turned to the International Monetary Fund which itself recently approved the disbursement of US$174,2 Million to South Sudan under its Rapid Credit Facility. Being the second of such disbursement...
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Eighth Sovereign Debt News Update: The Re-Incurring and Extinguishing of Sovereign Debt
· Eighth Sovereign Debt News Update: The Re-Incurring and Extinguishing of Sovereign Debt Putting into consideration key factors such as economic size, debt-to-GDP ratio, value of foreign exchange currency, sovereign debt profile, domestic debt market, vibrance of its financial system, inflation, growth and development rate, government efficiency, and hydrocarbon dependency, Fitch confirmed on Friday, March...
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The Jesuit Justice and Ecology Network Africa (JENA) is a diverse community of faith-inspired Jesuit NGOs, also known as Social Centre’s, related Jesuit Institutions, individual Jesuit peace and development activists and scholars driven by a vision of a just, poverty-free, peaceful and ecologically regenerative Africa.