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.”
CGD Policy Blogs
As the EU prepares to significantly scale up its deployment of blended finance, guarantees, and other risk-sharing tools aimed at stimulating investment in developing countries, it has stated its intention to use its development budget to incentivise private investment in health and education.
Redesigning Global Europe: The EU’s Neighbourhood, Development, and International Cooperation Instrument
EU member states and the European Parliament’s Foreign Affairs and Development Committees finally approved the new Neighbourhood, Development, and International Cooperation Instrument (NDICI)—Global Europe. The instrument, worth €79.5 billion over the period 2021-2027, marks a profound transformation of EU development policy and spending.
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)
On 17th March, the Dutch will make their way to the polls to elect a new government. Dutch Prime Minister Mark Rutte remains largely popular at home for his management of the pandemic through an “intelligent lockdown” and seems to be heading towards a fourth term.
2020 was a challenging year for Jutta Urpilainen, the European Commissioner for International Partnerships. In this blog, we look back at the EU’s international development performance and assess the extent to which it has lived up to the EU’s pledge to be a reliable international partner.
Development agencies have some hard choices ahead. COVID-19, overlaid on existing global challenges, is the biggest stress test that official bilateral development agencies have ever faced. With alarming speed, the pandemic has delivered a global economic shock of enormous magnitude resulting in the deepest global recession in eight decades.
This blog sets out the EU’s position as an international creditor and offer thoughts for what role the EU could play in debt relief.
On 16th September 2020, European Commission President, Ursula von der Leyen, delivered her first State of the Union (SOTEU) speech, setting the tone for the rest of her five-year term.
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.