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.
Although COVID-19 is having a significant impact on the economy, politics and health, it did not cause a fundamental change in the rules of the game when it comes to the EU’s limited role as a global health player. The block needs to address persistent coordination issues between the EU and its member states – as well as across EU institutions – if it wishes to enhance its effectiveness and credibility in this arena.
Governments in the Middle East and in North Africa (MENA) are tackling the pandemic in different ways, many challenged by weak social systems and growing societal frustrations. In relatively prosperous (middle-income) countries – such as Lebanon, Egypt and Iraq – leaders have used the pandemic as an excuse to suppress justified protests at their lack of accountability and failure to provide basic services. For international cooperation, which supports the functioning of legitimate, accountable governments and resilient societies, this poses a critical challenge – as the case of Lebanon currently illuminates.
The management of the coronavirus pandemic has been considerably impaired by a dearth of essential medical and pharmaceutical products. Disruptions in supply chains for healthcare goods have caused shortages and tight inventories. The reliance of many countries, particularly in Europe and Africa, on products imported from a few international suppliers is largely the result of the process of globalisation in the past decades. In conjunction with the lack of preparedness of health and civil protection systems, interdependencies in healthcare sectors, notably between Europe and Asia, made them vulnerable to a crisis affecting both exporters and importers.
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.
There is not a ‘one-size-fits-all’ solution to respond and recover from the current global health emergency and economic fallout resulting from COVID-19. A combination of pragmatic solutions is needed to face the debt issue and give countries room to make the policy choices and investments that will also lay foundations to recover, putting people and nature at the heart of economic growth and development.
