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.
CGD Policy Blogs
Mikaela Gavas sits down with the nominees for the presidency of the European Bank for Reconstruction and Development.
China’s policy commitment to development ranks 35th of the 40 countries in the CDI. Some of the results may seem counterintuitive: Most people know that China provides major levels of finance to Africa, and that it’s a big producer of greenhouse gases. However, after we take account of country size to enable comparisons between countries, our index ranks China last on development finance but well above the US and in the top ten on limiting greenhouse gas emissions.
Last week, the European Commission’s President Ursula von der Leyen unveiled her new proposal for a post-COVID-19 economic Recovery Fund, alongside the EU’s future priorities and budget. But what do the proposals mean for Europe’s role on the international stage?
Last month, the UK government announced its commitment to “hold the largest review of the UK’s foreign, defence, security and development policy since the end of the Cold War,” with the review adopting an integrated, whole-of-government perspective.
The new US International Development Finance Corporation has opened its doors! And with that, CGD is launching the “DFI Dashboard”—an interactive tool for comparing the lending practices and policy frameworks of DFC and eight other development finance institutions.
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).
This piece was first published by Friends of Europe, please see the original article here.
Commissioners Johansson, Schinas, and Urpilainen: Here’s How You Can Use Legal Pathways to “Manage Migration”
Earlier this month three future European Union (EU) Commissioners were given the green light by legislators to lead the migration portfolio—despite the fact that the confirmation of the entire Commission is still pending.
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.