Building global prosperity

-Plans for economic recovery after the COVID-19 pandemic create an opportunity to transform international development. Initiatives for ‘building back better’ should aim to galvanize investment in the developing world, with benefits for sustainability and societal resilience.

 
-Mobilizing private capital is paramount, with the G20 a potentially vital player in this area. A priority for the G20 should be to establish a new initiative for scaling up private development finance. This should focus on improving business environments and the bankability of investment projects in recipient countries, but also needs to absorb the lessons from recent initiatives by engaging private sector expertise more fully and relying less on public institutional capital.

 
-The paper highlights a fundamental dilemma between the need for radical approaches and the recognition – given current geopolitical and economic headwinds – that incremental or technical changes may often be the most realistic way of advancing the development agenda. Accordingly, the contributors to this paper differ widely in their assessments of the prospects for international cooperation, and in the ambition of the principles and proposals for action they advocate. This reflects the reality that no single approach is suited to all contexts.

 
-This paper explores options for accelerating development and its financing in sectors such as public health, climate and digital infrastructure, in part by ensuring that relationships between donors and developing countries are more equitable and effective.

 
Συνέχεια εδώ

 
Πηγή: chathamhouse.org