Implications of COVID-19 and Russia’s war in Ukraine for EU-Africa relations – Development finance

To which extent the framework and initiatives for EUAfrica relations are still fit for purpose, in particular in terms of mobilisation of resources for Africa’s resilience and sustainable
development, or must be adapted to better respond to the new era of poly-crises?

Fixing UN financing: a Pandora’s box the World Health Organization should open

In a context of existential transnational challenges and growing inter-state rivalries, we need well-financed, universal multilateralism that can set global rules and norms, drive forward action, and sidestep the tendency for money and military might to buy global influence. The WHO Executive Board now has an opportunity not only to reinvigorate its own organisation, but also to advance a discussion on how the entire UN system can be placed on a stronger, more financially sustainable footing. Passing up this moment out of fear of the implications for member state fiscal obligations to the wider UN system would be both unfortunate and short-sighted.

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.