CGD’s Mikaela Gavas joins Gyude to discuss barriers to private investment in health and infrastructure projects and how a new initiative—an Accelerator Hub—could help local businesses and institutions in Africa develop financially viable proposals and connect them with investors.
CGD Policy Blogs
Skills mobility partnerships, linking migration and training, are all the rage. This blog gives background on and analyses a new study that quantifies these partnerships’ potential impact to European GDP.
With the German elections at hand, we propose a high-level five-point agenda for the next Government to enhance global health security to respond to the current COVID-19 pandemic and prepare for future biosecurity risks.
Recent extreme weather events in the US, Canada, Europe and beyond have shown the high-income countries how vulnerable it is to climate change—a feeling that lower- and middle-income countries have known for years. Germany’s actions over the past decade on climate finance have established it as a leader with climate negotiations and commitments on climate finance at a critical moment.
The new foreign secretary, Liz Truss, will meet with the chancellor in the coming weeks to determine her department’s budget over the coming three years. If the chancellor maintains his current stance on counting aid spend even where it has no fiscal cost, and also treating the aid target as a ceiling rather than a floor, it would be like the tail wagging the dog,* with the Chancellor’s stance on the aid target (the tail in this case) directing the UK’s international approach (the much-weightier dog) instead of vice versa, as one would hope. And it could also mean the foreign secretary would have to implement a third round of cuts in UK aid in spring 2022.
After 16 years under Angela Merkel, the German federal election is just around the corner, with the chancellorship up for grabs. But no matter which parties form the new government, who presides over it as chancellor, and what that person’s gender is, one thing seems certain: the issue of gender equality will have to be at the top of their agenda.
Through its European Investment Advisory Hub, the European Union (EU) has built solid experience in project preparation within its own borders by connecting project promoters and intermediaries with advisory partners who work directly together to help projects reach the financing stage. Building on this approach, we propose the establishment of an Accelerator Hub, which would provide targeted support to identify, prepare, and develop investment projects in Africa.
With a new government taking over the helm of the country and building on its financial firepower, Germany now has the opportunity to fully embrace a leadership role in the EU as an agenda-setter in development, driving forward innovative ideas, rather than as a mere broker.
As Angela Merkel’s 16 years at the helm of the German government come to a close, Germany’s international cooperation for sustainable development seems, at first sight, to be in good shape. During her tenure, German official development assistance (ODA) more than tripled, reaching $28 billion in 2020 and putting Germany second only to the United States ($34 billion) and well ahead of the United Kingdom ($19 billion) and the EU Institutions ($17 billion).
Over the last decade, Germany emerged as a leading provider of development finance. Since 2016, Germany has consistently been the second largest bilateral provider of official development assistance (ODA), and in 2020, it was the only G7 member to meet the 0.7 percent ODA/GNI spending target due to its generous increases in ODA in response to COVID-19.