How Can the G20 Support Innovative Mechanisms to Mobilise Financial Resources for LDCs in a Post-Pandemic World?

The covid-19 pandemic has generated severe health, economic and debt crises for the least developed countries (LDCs). On the one hand, they cannot mobilise sufficient financial resources on their own to cope with the effects of the pandemic because their public revenues are too low and external finance is not always available. On the other hand, many LDCs have been highly indebted, even prior to the crisis.

Supporting developing countries for a global sustainable recovery: lessons from the Italian G20 Presidency

A series of high-profile events has added up to making 2021 a crucial year to tackle the global sustainable development agenda and present a unique opportunity to drive a virtuous circle of political commitment, regulation, and financial flows towards sustainable recovery in developing countries, which is a key issue of this year’s G20 cycle. Bringing the voice of developing countries in the global multilateral agenda is not easy to tackle due to different and often competing political priorities. This blog draws lessons from the Italian G20 Presidency to inform the development policy considerations and efforts of the upcoming Indonesian, Indian and Brazilian G20 Presidencies. These Presidencies have a great potential to prioritize sustainable recovery in the Global South in their own, as well as in cooperation with the G7 and EU Presidencies when appropriate.

Supporting the Global South in tackling climate change: where is the G20 heading?

A recent IAI study has argued that several shortcomings in the climate and development finance systems undermine the capacity of countries in the Global South to tackle climate change¹. Insufficient resources, lack of focus on adaptation, inadequate management of climate risks, the vicious circle between indebtedness and climate vulnerability are some of the major obstacles.

A new multilateralism for the post-COVID world: What role for the EU-Africa partnership?

Multilateralism has been in trouble for a while, particularly​ ​at the global level. Yet, the European Union (EU) and its​ ​member states have remained among its staunchest​ ​supporters.​I​n their June 2019 Council Conclusions, EU​ ​leaders drew the outlines of a common European vision to​ ​uphold, extend and reform the multilateral system. Against​ ​an increasingly complex and contested geopolitical​ ​backdrop, these goals were further developed in the​ ​recent EU Communication on Multilateralism, published in​ ​February 2021.

Advancing the 2030 Agenda Post-Corona: What Role for the G20 Italian Presidency?

Advancing the 2030 Agenda Post-Corona: What Role for the G20 Italian Presidency?

Italy holds the G20 presidency at a crucial moment when the world is confronted with the worst global pandemic in the past century. The economic and social consequences of the COVID-19 crisis has had major impact on the implementation of the Sustainable Development Goals (SDGs) and the 2030 Agenda.