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María José Romero (Eurodad), Jasmine Gideon (Birkbeck, Universidad de Londres), Patricia Miranda y Verónica Serafini (Latindadd) Este es el segundo de una serie de artículos sobre el brote de coronavirus y su impacto en América Latina. En el ...
Por María José Romero (Eurodad), Jasmine Gideon (Birkbeck, Universidad de Londres), Patricia Miranda y Verónica Serafini (LATINDADD) La epidemia de coronavirus es una emergencia sanitaria global que probablemente desencadenará una crisis económica ...
By María José Romero (Eurodad), Jasmine Gideon (Birkbeck, University of London), Patricia Miranda and Verónica Serafini (Latindadd) This is the second in a series of articles on the outbreak of COVID-19 and the impact on Latin America. In the ...
By María José Romero (Eurodad), Jasmine Gideon (Birkbeck, University of London), Patricia Miranda and Verónica Serafini (Latindadd) The outbreak of COVID-19 is a global health emergency that is likely to trigger a global economic crisis, impacting ...

blog
The Bretton Woods Institutions, 75 years on: reform or risk irrelevance.

The Bretton Woods Institutions were built on the ruins of an old world-order, at the end of World War II, and the dawn of a new world order, marked by the birth of many new nation-states and the onset of the cold-war. Ostensibly, the Institutions were created to preserve the peace by ensuring macroeconomic stability, supporting development and discouraging the creation of hostile trade or currency blocs. Yet, right from their beginnings, they have been the source of critique and concern. There were concerns about asymmetries of power, particularly in favour of the US. Then came concerns about uneven-handed treatment of countries in very similar circumstances. On the one hand, post-war Europe could quickly recover thanks to the US stepping in and instituting the Marshall fund. On the other, ...
The 2019 World Bank (WB) and International Monetary Fund (IMF) Annual meetings last week marked the 75th anniversary of the Bretton Woods Institutions (BWIs). However, there was little cause for celebration. The meetings took place amid a bleak global ...

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A Global Green New Deal – new UNCTAD report outlines a financing plan

Bodo Ellmers, Maria Romero

10 Oct 2019 11:21:59

The debate about a Green New Deal has recently been reinvigorated in both sides of the Atlantic. In Europe, the Green New Deal is part of the priorities of the European Commission’s President-elect Ursula von der Leyen. And at the UN in New York last month, sustainable development was featured in a series of global Summits, including the Climate Action Summit. In response, UNCTAD used the momentum to  launch the 2019 edition of the Trade and Development Report (TDR) which analyses the new deal from a financing perspective, identifies constraints and outlines innovative financing options.  Urgent need for more and better development finance  The new report comes at a time when neither the implementation of the 2030 Development Agenda nor the Paris Climate Agreement is on track. ...

blog
Business, business and business - is this the new mantra for EU development cooperation?

Maria Romero

22 Jul 2019 10:19:18

By María José Romero and Isabelle Brachet (ActionAid International) As the promised leveraging effects of blended finance fail to materialise, the European Union is increasingly focussing on the policy environment in partner countries, based on an assumption that the problem must lie there.  This approach is present in the design of the External Investment Plan, an initiative that allocates aid money to encourage businesses to invest in Africa as well as the EU’s neighbouring countries. The plan, based on three interconnected pillars — finance, technical assistance and policy dialogue — is expected to continue as part of the implementation of the next EU budget (2021-2027), which is currently under negotiation. However, the recently released “Handbook on improving investment ...