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This report, co-written by the Economic Commission for Latin America and the Caribbean (ECLAC) and Oxfam, seeks to show why it is urgent that the effectiveness of tax incentives is reviewed and assessed, in order to guarantee the rights of citizens. 

Cyclone Yasa landfall in Fiji yesterday, carrying destructive winds of up to 345km/h, heavy rain and storm swells, has flattened homes and left major devastation to roads, and vegetation. More than 600,000 people in the South Pacific island nation are now affected, thousands of which are already in evacuation centers as the tropical storm disrupted access to essential utilities including water supply and sanitation facilities, as well as food.

An internal investigation released last night finds that World Bank Group staff kept quiet about a plantation company’s role in a violent land conflict in Honduras, when proposing loans to one of Central America’s top ten banks which funded it.