The rise of public development banks in the European financial architecture for development

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.  

The proof of the haggis: Making sense of the Glasgow climate change conference

In spite of all the anger and frustration that was palpable especially during the final iterations of the Glasgow cover decision, it would be too bleak to consider COP26 as a mere waste of time and effort. Much rather, the Glasgow package delivered a hefty lump for all Parties to chew on. As of now, it remains hard to tell how palatable individual Parties will find their haggis once they take it to their domestic tables. But if they now act even upon the half-hearted words of the Glasgow Climate Pact, the implementation of the Paris Agreement could finally gain traction. Ultimately, the proof of the haggis will be in the eating.

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.

Still on track? The UN Climate Conference has to prove that the Paris Agreement is working

Five years after the Paris Climate Agreement entered into force and one year after the COVID-enforced hiatus, the 26th Conference of the Parties to the UN Framework Convention on Climate Change (“COP26”) will convene in the Scottish city of Glasgow on 31 October. At long last! Amongst its most important tasks will be advancing the implementation of the Paris Agreement by resolving the remaining issues surrounding its rules for implementation.

Synthesis note: Strengthening the continent-to-continent dialogue on sustainable development

This synthesis note presents one-page overviews of the main findings and recommendations in relation to the five themes, which are discussed in greater detail in the policy briefs that have been published during the past months. A link to the full policy brief is included at the end of each one-pager. These thematic overviews are preceded by a short analysis of the relationship between Africa and Europe and five proposals for strengthening the continent-to-continent dialogue on sustainable development.

Towards a renewed Africa-Europe Partnership for Investment

The COVID-19 crisis has created a dire need for the active facilitation of sustainable investment to promote an inclusive, gender-sensitive and green recovery. The partnership between the European Union (EU) and the African Union (AU), and their respective member states, can provide a strategic and institutional framework for stimulating sustainable investment in a collective manner.

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.

Europe, Africa and digital sovereignty

Europe and Africa should make joint efforts to invest in projects that would support digital sovereignty on both continents, including joint industrial projects – in the area of ethical AI and open-source technologies for instance. This would respond to some of the gaps in terms of local digital industries on both continents as well as to local needs, and would demonstrate that the EU-AU digital partnership is not simply about trying to export European technologies or about aid, but about reinforcing a free and open internet.