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.
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?
COVID-19 has become the biggest stress test in decades for international cooperation. Will donors be able to deliver effective, sustainable development for the world’s poor while also scrambling to support health systems cope with this crisis?
“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.
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.
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.
The big takeaway from the 2018 CGD Development Leaders conference was that all agencies, new and old, face similar opportunities and challenges—of relevance, responsiveness, communication, capability, and resilience—and there is much to learn from sharing experiences, especially at this time of profound change in the world of international development. CGD’s 2019 Development Leaders conference, co-hosted with the Asian Infrastructure Investment Bank (AIIB), in Beijing, China, will again bring together the community of Heads and Directors of development cooperation in aid agencies and ministries from around the world.
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.