How can the development community truly harness the power of this cooperation and come together to achieve the Sustainable Development Goals? Last month, the Center for Global Development again hosted the Development Leaders Conference, this time in Beijing in partnership with the Asian Infrastructure Investment Bank (AIIB).
CGD Policy Blogs
This piece was first published by Friends of Europe, please see the original article here.
The Wise Persons Group Report on Europe’s Development Finance Architecture: Merger, Acquisition, or Reinvention?
Earlier this month, the long-awaited report on the future of the European financial architecture for development was released. Are the report’s proposals feasible? And crucially, do they offer a magic bullet to the intractable state of the European development finance system? I argue that although some of the proposals go some way towards offering a solution to the current problem, politics will undoubtedly trump logic, and we will—at least in the near future—be left with a stalemate.
As the EU considers providing policy-based lending, Mikaela Gavas and Hannah Timmis outline what this support might look like, and discuss what the value-add of the EU Commission would be.
The Alliance aims to deepen economic relations between the two continents by boosting private investment and trade. The Commission is billing the proposals as a “radical shift” in the EU’s approach to development cooperation in Africa that will take the relationship “to the next level.” Implicit in the sound bites is the EU’s ambition to rival the growing influence of China, whose vast programme of investment on the continent has left other donors scrambling to catch up. But is the Alliance actually anything new? And does it have the potential to reposition the EU as Africa’s leading development partner?
After weeks of speculation, the European Commission has published the details of its proposed radical reconfiguration of EU external actions instruments for the 2021-2027 Multiannual Financial Framework (MFF). Digging into the details, while value-add is the mantra, what’s missing is a distinctive EU development offer. And while flexibility is key in an increasingly turbulent and uncertain world, it needs to be deployed using clear guidelines and balanced by accountability.
Development Cooperation Has Emerged a Winner in the EU’s 2021-2027 Budget Proposal, but the Odds Are Stacked against It
The long-awaited European Commission Communication on the Multiannual Financial Framework (MFF) 2021-2027—the EU’s long-term budget—has been unveiled, and so begins the EU’s big battle over money and priorities. Brace yourselves for a long arduous struggle that will expose divisions in the bloc in all sorts of ways—payers vs. recipients, east vs. west, north vs. south, federalists vs. intergovernmentalists, values vs interests. This is also the review that will shape the future of EU development cooperation and the credibility of the EU as a major player in the international development sphere. Does the Commission’s proposal live up to the challenge?
The Multiannual Financial Framework 2021-2027—which is currently underway—will largely determine the future post-Brexit UK-EU relationship on development post-Brexit.