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.
This blog is presenting an interesting combination of ‘’the three Cs” – Culture, Climate and Conflict – at the forefront of the EU’s diplomacy. The question however arises namely how much can the EU afford to prioritise such complex “value driven” policy agendas in a rapidly changing world with more competition and uncertainty?