Elcano and ETTG have published the report on the rise of public development banks in the European financial architecture for development which shows how PDBs are critical in promoting resilience to shocks (financial, economic, pandemic, climate, etc.), stabilise the economy and foster a more rapid long-lasting recovery. The report also stresses the importance of medium- and long-term finance for development that can help building markets and promoting economic transformation in a sustainable, green, inclusive and gender-sensitive manner.
Follow the discussion we had on 24 of June together with IDDRI on possible impacts of the Covid-19 crisis on greener and climate friendly economies in both Europe and Africa.
There is not a ‘one-size-fits-all’ solution to respond and recover from the current global health emergency and economic fallout resulting from COVID-19. A combination of pragmatic solutions is needed to face the debt issue and give countries room to make the policy choices and investments that will also lay foundations to recover, putting people and nature at the heart of economic growth and development.
Beginning in July, Germany will hold the European Council Presidency until the end of the year, a term that will be characterised by the effects of the corona pandemic and the efforts to manage it. The Council Presidency should be used to mould the processes of the EU recovery plan and the MFF in a way that delivers decisive impulses for an orientation towards climate and sustainability goals. A further summit of the EU heads of state and government will take place in July, tasked with reaching agreement on the EU recovery plan.
The German post-crisis recovery plan was unveiled by the coalition government on the night of June 3-4. With a total volume of €130 billion, and therefore much higher than initially expected, it provides for nearly €35 billion for climate-friendly investments, particularly in the transport sector and in the development of a hydrogen industry, partly based on the proposals made by Agora Energiewende.1 Although the initial assessment is rather positive, efforts are still required, particularly in the buildings sector, for the acceptability of renewable energies or the reduction of electricity taxation. The recovery plan as presented sends a strong signal regarding the direction the German economic and climate policy will take, as the country will take over the rotating Presidency of the Council of the European Union as of July.
The EU project is often described as an eternal work in progress, a “beautiful yet still incomplete masterpiece”, primarily because of its inability, with a few exceptions, to reach shared decisions, thus effectively exercising its full power potential. It has been said that the European Union could “potentially” become a fully-fledged member of the looming multi-polar system of global governance, provided that it not only develops its economic power, which is insufficient on its own, but also diplomatic, informational and military capabilities.
The lockdown period related to the Covid-19 pandemic was marked by the requirement to teleworking for those who could do so. The possibility of its large-scale development burst into the public debate. This blog post gives an overview of the associated issues, and suggests ways to explore in a broader way the possible impacts on our lifestyles of a generalisation of teleworking.
ETTG-ODI webinar event video: Africa beyond Covid-19
Media coverage of the Covid-19 pandemic has raised the profile of armed groups in curious and often contradictory ways. ODI’s Centre for the Study of Armed Groups will seek to address these challenges in several ways.
COVID-19 has had far-reaching effects all over the world, the most visible of which on the world economy and public health. Could it also have an impact on Europe-Africa relations? With an EU-AU summit scheduled for late 2020, the pandemic will undoubtedly play a central role in it. Can the two continents avoid the usual aid mindset and move on to a more strategic one? Fernando Jorge Cardoso reflects on the nature of Europe-Africa relations since 2000 and argues that separating aid from strategy could help relaunch the relationship.
COVID-19 has caused disruptions across the globe on a scale not previously imagined. This brief looks at the consequences of the COVID-19 crisis for conflict-affected areas in Africa, as well as measures taken against the pandemic, which are likely to be even more profound and far-reaching. But as the virus continues to spread, the impact of COVID-19 on ongoing conflicts is still uncertain.