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.
Financial access in Africa has been on the rise in the last decade. It has a critical role to play in increasing the resilience of households and supporting their livelihoods. Maintaining this role is vital to tackle welfare and income losses stemming from the Covid-19-sparked economic crisis.
The ‘Team Europe’ approach should be a rallying point for the active engagement of EU member states and financial institutions, to respond to the COVID-19 crisis and achieve the Sustainable Development Goals. While keeping its priorities, notably towards a value-based approach, resilient health systems, a greening of the recovery and digitalisation, the EU should put greater emphasis on food security and sustainable food systems. Moreover, women should have a central place in the EU’s global response 2.0.
The multi-annual financial framework report was based on a previous physical workshop event which took place in Paris on January 2020 and which brought together key players in France to agree on the conditions allowing to secure an ambitious budget dedicated to external action (“Heading 6”), particularly for the challenges of sustainable development in southern countries. The workshop and the report was also an opportunity to reflect on the role of the European Union’s external action policy.
The authors underline the major challenges the negotiation for the new Multi-Annual Financial Framework may face.
ETTG in collaboration with IFC and UNHCR organizes an half-day event to discuss the role that the private sector can play in providing solutions to empower refugees and their host communities in developing countries, including through innovative approaches towards refugee camps and cities.