Global development leadership is faltering, yet remains necessary for advancing an equitable recovery from the COVID-19 pandemic, tackling global challenges, and driving progress towards the sustainable development agenda. We suggest that as traditional forums for leadership fail to make progress, informal groups provide an opportunity to advance common interests.
CGD Policy Blogs
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.”
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.
Mikaela Gavas sits down with the nominees for the presidency of the European Bank for Reconstruction and Development.
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?
“Get Brexit Done” was the Conservative Party’s election-winning slogan last month. Formally, that objective has been achieved. But what does that mean for international development—for aid, humanitarian relief, trade, security, migration, climate change, and beyond? Last week we gave evidence to the House of Lords EU External Affairs Sub-Committee on development cooperation after Brexit. Below we sketch out some of our key discussion points.
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.
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?