Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

 
Chart showing where Team Europe Initiatives are concentrated: a wide range, including Africa, Asia, and Latin America

Getting to the Bottom of the Team Europe Initiatives

In early 2020, as the COVID-19 pandemic began to ravage the world, the European Union (EU) sprang into action with its member states and financial institutions to deliver a collective global response, laying the foundations of more unified European approach to international development that has been termed “Team Europe.”

An image of Euros in front of the European flag

The End of the Battle of the European Banks? “Status Quo Plus” Emerges as the Winner

It’s been almost a year and a half since the High-Level Group of Wise Persons published its report, setting out options for consolidating and streamlining the European development finance architecture. That report generated a sparring match between the two European development banks—the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) —as to which was better placed to become the new European Climate and Sustainable Development Bank (ECSDB)

The EU’s New Budget: Europe’s Recovery at The Expense of Its Long- Term Ambitions

After a four day marathon run of negotiations, the 27 Heads of State of the EU reached an agreement on both the Recovery Fund—a large fund to support the post-COVID recovery across the EU—and its new long-term budget and priorities, the Multiannual Financial Framework (MFF) 2021-2027. While leaders across the EU are now hailing the deal as a “win” for their own voters and priorities, inevitably the negotiations were fundamentally driven by domestic interests and priorities, and predictably, international development has suffered as a result of the cuts.

Pages