Session 11: Financing for Development: What Comes next - Climate Finance

It is only recently that the international community has begun referring to tackling the root causes of migration. The importance of job creation has emerged as one of the key ways to convince young people to stay in their countries of origin. However, solely creating jobs is insufficient if the jobs are vulnerable and do not pay decent wages. This policy brief provides recommendations on priority areas to ensure decent living conditions in origin countries. These priorities include ...

La pandémie de la Covid-19 a mis en exergue les limites de la « coopération internationale » et du multilatéralisme, cédant la place à une possible émergence de la coopération bilatérale, voire régionale, et à la mise en œuvre de Complexes régionaux de sécurité. La configuration actuelle du monde en fait un village global, où les Etats sont à l’image de leurs nations, plus connectés et interdépendants. Il est, certes, vrai que la mondialisation ne peut disparaître, mais peut, en rev ...

Le manque d’investissement dans les infrastructures en Afrique s’est creusé au fil du temps. Remédier à l’inadéquation entre le « trop-plein mondial d’épargne » des pays développés et la « pénurie d’investissements » des pays africains pourrait être une solution gagnante pour tous. Certains outils d’atténuation des risques peuvent être utilisés pour faciliter cette mise en adéquation. À cet égard, le présent article propose qu’en fournissant de tels outils d’atténuation des risques, ...

Africa’s infrastructure investment gap has widened over time. Addressing the mismatch between developed countries’ “global savings glut” and African countries’ “investment dearth” might be a win-win. To facilitate that matching, some risk mitigation tools can be used. In this brief, we propose that by providing such risk mitigation tools, development institutions and governments can crowd-in private investment rather than crowd them out by providing full financing. This article was ...

CGTN, 25 September 2020 China’s economy keeps recovering from the coronavirus pandemic-led crisis through the third quarter of 2020, as revealed by the numbers of August activity. Its GDP grew by 3.2% in the second quarter, after falling by 6.8% in the first quarter, in both cases as compared from a year before. It is now the only major economy expected to exhibit growth this year. Successful containment of the pandemics has allowed it to be first-in-first-out relative to others. ...

U.S. stock and corporate bond markets performed extraordinarily well from the March financial shock caused by covid-19 to the end of last month. Then, three consecutive weeks of decline in the three major stock market indexes have been followed this week by a global slump attributed to fears of new lockdowns. A period of disconnect of financial markets with the underlying real economy has culminated in a revelation of the former’s high dependency to Federal Reserve policies. Discon ...

On assiste, ces derniers mois, à un rebond des cours de l'or, le portant vers de nouveaux sommets. L'analyse des cours de ce précieux métal depuis deux siècles montre une grande stabilité jusqu'en 1971, date de l'abandon de la convertibilité or /dollar par les Etats-Unis, mais aussi de son mouvement erratique depuis cette date. Soumise aux lois du marché, cette matière première voit son cours dépendre essentiellement de la demande. Evolution qui confirme cet actif comme valeur refug ...

Avant l'ère coloniale, l'émission d'argent en Afrique de l'Ouest dépendait de la traite des esclaves. Avec l'avènement du régime colonial, les pièces d'argent ont été importées puis progressivement imposées comme outil de coercition. La trajectoire postcoloniale a été différente pour les anciennes colonies britanniques et françaises. Alors que les premières ont retrouvé leur souveraineté monétaire, les secondes ont conservé une union monétaire sous l’égide de la France. La propositi ...

Diversification is important because it is associated with economic growth and reduced volatility. Diversification of exports, which provide foreign exchange and enable imports of critical goods, services, and know-how, is crucial for developing countries. The question we address in this brief is how export diversification is affected by trade policies, including multilateral rules, regional trade agreements, and national measures. The record on diversification is poor across a larg ...

Latin American and Caribbean economies need help, but organizations like the IDB are also stretched thin. First appeared at Americas Quarterly With Latin America and the Caribbean potentially facing years of difficulties due to the pandemic and related economic crises, attention has shifted to what multilateral institutions like the International Monetary Fund (IMF) might do to help. There’s no doubt they can play a crucial role in preventing another lost decade in the region. But ...