This is the first report in ODI’s Economic Pulse series. It explores China’s international economic response to Covid-19 and analyses its international engagements, especially in developing countries, in light of shifts in the global economic and political landscape. Our review of China’s economic response has an international focus due to the nature of the macroeconomic data, while project-level data and a policy review drill down into the effects of that response on developing countries.
On Thursday 29 of October at 16:00 pm (CET) we hosted a webinar event in cooperation with OECD on multilateral development finance in response to the COVID-19 crisis. The webinar investigated the dynamics of the Multilateral Development Finance framework in the wake of COVID-19, and made concrete recommendations on the most effective and impactful ways forward.
Twenty-five years after its creation (as a successor to the GATT [General Agreement on Tariffs and Trade], 1947-1995), and following many years of paralysis, the stakes for reform are high. This is particularly evident during the post Covid-19 recovery period, as the pandemic exposes the structural vulnerabilities of globalised economies.
This paper looks at what development finance institutions (DFIs), including multilateral development banks, can do to support a gender-sensitive economic recovery from COVID-19.
Georg Lennkh, former Austrian Special Envoy for Africa (2005-2010) and EU Special Representative in Chad (2006-2010) in conversation with Geert Laporte, ETTG Director and Co-Director ECDPM – European Center for Development Policy Management, on the upcoming EU-Africa Summit and when will it take place.
The impacts that Covid-19 has brought about in our daily lives are very apparent. Less apparent is the immediate implications of the pandemic for global poverty. In terms on the effects on livelihoods, however, impacts are going to hit vulnerable communities the hardest. Any net loss for them represents a larger share of their already limited income and the effects will be felt well beyond shocks to their income.
The Friedrich-Ebert-Stiftung’s (FES) Africa Department and EU Office organised a webinar series with the title “What’s the offer? A new
The Covid-19 virus has caused a convulsive shock to the global economy. There remains considerable uncertainty around the pathway of the pandemic, the means and speed of any economic recovery and what structural changes – particularly to the globalisation of trade and capital – it will bring in the longer-term.
COVID-19 triggered a collapse in oil prices from approximately 60 to 20 dollars per barrel between January and April 2020. Signs of a rebound are visible but prices remain well below the breakeven for many producers. If prices stay this low for long, or if they fall again after a partial rally in a relapse scenario, the world may witness a crisis within the crisis, with even further adverse effects on the world economy.
Both the US and China seem to see the COVID-19 crisis through the lenses of geopolitical competition. A desire to repair its international reputation and gain influence underlies China’s offer of medical equipment and sanitary know-how to countries hit by the contagion – the so-called “mask diplomacy”