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.
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.
On 29 June, G20 Ministers responsible for development policy convened for the first time under the Italian Presidency. The meeting
Date10 Jun 2021 Time (GMT +01)14:00 15:00 Speakers – Ashok Malik Panellist – Policy Advisor, Ministry of External Affairs, Government of
This week the Organisation for Economic Co-operation and Development (OECD) has published the preliminary data for 2020 on Official Development Assistance (ODA).
On the 19th of March the DG International Partnerships (INTPA) in cooperation with a group of selected topic specialist researchers
The unprecedented scale of the crisis generated by the COVID-19 pandemic calls for greater empowerment of international, European and regional financial institutions for development, development finance institutions (DFIs) and public development banks. They all need to step up their efforts, to ‘build back better’, in a greener, more inclusive and gender-sensitive manner. This paper suggests ways to do that, adjusting the current business model of financial institutions for development to align and coordinate European investments for development.
The Neighbourhood, Development and International Cooperation Instrument (NDICI) represents a fundamental reform for the European Union (EU)’s development policy, its neighbourhood policy and its external action more broadly. The new instrument will be implemented in a rapidly changing geopolitical context and will have to respond to unprecedented challenges caused by the COVID-19 pandemic.
The study looks at the challenges facing industrialisation in African countries, in particular the issues for the policy framework needed to support it. It identifies three positive issues that have appeared during the Covid-19 crisis which will be important in economic recovery efforts: (1) repurposing, accelerated pharma production and joint procurement; (2) increased attention to agro-processing; and (3) use of technological advances.
Limited fiscal space in many developing countries demands collective efforts and EU leadership to help improve their macro-economic conditions and attract more investments for a higher impact and sustainability for recovery from COVID-19.