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.
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.
This ODI briefing explores how the diverging fortunes across countries have come to pass and the limitations of the multilateral initiatives intended to support a global response. It focuses especially on the multilateral financing measures that have been put in place to combat the crisis and looks at some of the changes that would be required to support a more effective response in future.
In this policy brief, the authors are setting the frame to think about the pandemic’s impacts on food security by summarising evidence on the hypothesised causal links.
The Covid-19 crisis has brought social protection to the forefront as a crisis response tool. It has also exposed social
The adoption of the EU’s Multi-annual Financial Framework (MFF) 2021-2027 will bring profound changes to the set-up of the EU’s instruments for crisis prevention, conflict management and peacebuilding in fragile and conflict-affected countries, which aim to improve the EU’s ability to engage in these contexts. However, reforming the EU’s financial instruments alone is not sufficient to address key underlying challenges. What is needed is an overarching strategic framework that puts policy coherence for sustainable peace at the centre of EU crisis prevention, conflict management and peacebuilding.
COVID19 recovery and the mitigation of future ecological and social crises will be important topics in the super year 2021. What international negotiations will be crucial?
2020 was dominated by a collective global crisis on an unprecedented scale, the impact of which was felt differently around the globe and in parts of society. And the Covid-19 pandemic will continue to cast its shadow this year. The fight against Covid-19 and the recovery in the economy and society are coming at the same time as several major events in international environmental and climate policy.
“What happens in the Arctic does not stay in the Arctic. It affects us all.”
The EU intends to play a pioneering role in the future, armed with a “clear and coherent Arctic policy”. If this is to succeed, the EU will need to take the lessons learned from the pandemic into account because COVID-19 has exacerbated existing inequalities and challenges in the region, particularly in terms of infrastructure and healthcare.
Many of us are hopeful for a Covid-19 vaccine in the near future to overcome a tumultuous year. But for people living in poverty in lower- and middle-income countries, the crisis is far from over. Vaccinations are potentially still years away for these countries, and many donors have significantly cut their aid budgets. This threatens to reverse hard-fought progress to both lift people out of poverty and improve opportunities for women and girls. It also puts vulnerable groups, such as people with disabilities and migrants, at risk.