Search

Begin New Search Topic Finance Publication Year within 5 Years

21. COVID-19 and the IMF-World Bank Spring Meetings

Author:
Sarah Cliffe
Publication Date:
04-2020
Content Type:
Policy Brief
Institution:
Center on International Cooperation
Abstract:
The International Monetary Fund (IMF) and World Bank conducted their first virtual Spring Meetings amid the COVID-19 pandemic. This briefing summarizes the discussions, which focused on the economic impact of the pandemic, and provides key takeaways on topics such as debt relief, financing for COVID-19 response, multilateral partnerships, and efforts to support global supply chains. In this readout of the 2020 Spring Meetings, CIC director Sarah Cliffe details the historic—but ring-fenced—debt moratorium and accelerated financing deal that were reached, as well as efforts to inject more global financing through an exceptional issue of IMF Special Drawing Rights. The briefing also covers partnerships between the United Nations and the international financial institutions, including a call for collaboration on global supply chains for medical equipment, agricultural inputs, and other goods and services.
Topic:
Governance, Finance, Multilateralism, Crisis Management, Humanitarian Crisis, IMF, COVID-19, and Supply
Political Geography:
Global Focus

22. Bad company: How dark money threatens Sudan’s transition

Author:
Jean-Baptiste Gallopin
Publication Date:
06-2020
Content Type:
Policy Brief
Institution:
European Council On Foreign Relations
Abstract:
Sudan’s transition to constitutional rule is failing: the reform of political institutions has not begun, while the country faces an intensifying economic crisis, a dramatic decline in living conditions, and a flare-up in localised violence. The civilian wing of the Sudanese state is bankrupt but unwilling to confront powerful generals, who control a sprawling network of companies and keep the central bank and the Ministry of Finance on life support to gain political power. The United Arab Emirates and Saudi Arabia appear to be positioning a paramilitary leader known as Hemedti as Sudan’s next ruler, but the military is fiercely hostile towards him. Western countries and international institutions have let the civilian wing of the government down: they failed to provide the financial and political support that would allow Prime Minister Abdalla Hamdok to hold his own against the generals. The transition will only succeed if the government stabilises the economy and civilians work hard to tilt the balance of power away from the military and towards themselves. Europeans should use their relationships with Hamdok, the UAE, and Saudi Arabia to establish civilian control of the generals’ networks of companies.
Topic:
Corruption, Government, Reform, Finance, and Transition
Political Geography:
Sudan and North Africa

23. European Elections: A Year In Review

Author:
Katerina Davidova, Vít Havelka, Jana Juzová, Christian Kvorning Lassen, and Danielle Piatkiewicz
Publication Date:
05-2020
Content Type:
Special Report
Institution:
Europeum Institute for European Policy
Abstract:
On the occasion of the anniversary of the ninth European Parliament elections, which took place from 23 to 26 May 2019, experts of EUROPEUM Institute for European Policy prepared five analyses reflecting on the past year in the key areas: climate, multiannual financial framework, migration, geopolitics and European Union enlargement. The experts of EUROPEUM Institute for European Policy weigh in with analyses in their respective fields – climate, multi-annual financial framework, migration, geopolitics and EU enlargement – of the first year since the European elections. It is our hope that this review of the first year of unprecedented upheaval will be an opportunity to reflect both on the past year, but also the challenges of tomorrow.
Topic:
Climate Change, Migration, European Union, Geopolitics, and Finance
Political Geography:
Europe

24. Sustainable finance: the road to greater energy security in the Visegrad region

Author:
Linda Zeilina
Publication Date:
06-2020
Content Type:
Policy Brief
Institution:
Europeum Institute for European Policy
Abstract:
Linda Zeilina wrote a policy paper as a part of the Think Visegrad platform on the topic of sustainable finance and energy security of the Visegrád group countries. The coronavirus outbreak has made the unthinkable happen, with major economies grinding to a halt and international travel coming to a standstill. Now, it is time to think what is often seen as unthinkable: to reimagine economic models and energy systems, and to position the Visegrad countries well for the economic models of the future. By doing so, the region will also make itself much more secure and prosperous.
Topic:
Security, Energy Policy, Finance, Coronavirus, and Sustainability
Political Geography:
Europe

25. EU MONITOR: Czechs and the Post-2020 Multiannual Financial Framework

Author:
Vít Havelka
Publication Date:
04-2020
Content Type:
Special Report
Institution:
Europeum Institute for European Policy
Abstract:
In his latest EU monitor, Vít Havelka examines the attitude of the general Czech public towards the new EU Multiannual Financial Framework. At the beginning of May 2018, the European Commission introduced its proposal of the new Multiannual Financial Framework 2021-27. Since then, the EU member states as well as the European Parliament have been intensively negotiating about each aspect of the Commission´s draft without being able to reach an agreement. Consequently, the talks will slip into 2020, probably being finalized no earlier than summer 2020 during the German presidency of the European Council. The following article is therefore meant to provide the reader with an understanding of what ordinary Czechs think of the MFF negotiations and what should the EU budget finance. The text is predominantly based on standard public opinion poll conducted by STEM Agency in cooperation with EUROPEUM Institute for European Policy in October 2019. The sample consisted of 1002 respondents, combining PAPI and CAPI questioning. The quantitative research was supplemented with qualitative questioning in form of focus groups conducted at the beginning of November 2019.
Topic:
Public Opinion, European Union, and Finance
Political Geography:
Europe and Czech Republic

26. Brief on COVID-19: Eurozone in Agreement over the first COVID19-Response

Author:
Vít Havelka
Publication Date:
04-2020
Content Type:
Policy Brief
Institution:
Europeum Institute for European Policy
Abstract:
In his brief, Vít Havelka writes about the Eurozone ministers first agreement on the response against the crisis caused by the COVID-19 pandemic. After several Eurogroup meetings, the finance ministers of the EU19 finally managed to agree on their first COVID-19-crisis response. They sign up to a package worth of 540 billion €, consisting of 200 billion € loans from the European Investment Bank, 240 billion € from the European Stability Mechanism, and 100 billion € kurzarbeit package proposed by the European Commission. The coronabonds fiercely wanted by Italy, Spain and Portugal have not been approved, leaving the discussion to EU leaders who are due to convene on the 24th April.
Topic:
European Union, Finance, Coronavirus, and COVID-19
Political Geography:
Europe

27. Resource-Backed Loans: Pitfalls and Potentialloan

Author:
David Mihalyi, Aisha Adam, and Jyhjong Hwang
Publication Date:
02-2020
Content Type:
Special Report
Institution:
Natural Resource Governance Institute
Abstract:
Through “resource-backed loans” (RBLs) countries access finance in exchange for, or collateralized by, future streams of income from their natural resource wealth. The authors of this report reviewed countries’ past experiences with RBLs across sub-Saharan Africa and Latin America from 2004 to 2018. They identify risks and opportunities RBLs pose and provide recommendations for countries considering taking RBLs in the future. The researchers identified 52 RBLs, 30 of which were taken by countries in in sub-Saharan Africa and 22 in Latin America. They are distributed across 14 countries in the two regions. Thirty-eight were lent by Chinese policy banks, seven are from commodity traders, four are from other Chinese state-owned enterprises, one is from Korea Exim, one is from Nigeria and one is from Russia's Rosneft. Forty-three of the loans are backed by oil, six by various minerals, two by cocoa, and one by tobacco. The total loan amount represented in the dataset is $164 billion, of which $66 billion went to Africa and $98 billion to Latin America.
Topic:
Natural Resources, Finance, Resource-Backed Loans, and Revenue Management
Political Geography:
Africa, Sudan, Brazil, South America, Venezuela, Nigeria, Angola, Ghana, Ecuador, Guinea, South Sudan, and Congo

28. From poverty reduction to global challenges, a new horizon for international development cooperation?

Author:
Philippe Andre Orliange
Publication Date:
12-2020
Content Type:
Journal Article
Journal:
Revista Brasileira de Política Internacional (RBPI)
Institution:
Brazilian Center for International Relations (CEBRI)
Abstract:
The adoption of the Sustainable Development Goals, The Paris Agreement on Climate Change and the Addis Ababa Action Agenda laid the foundations of a new system of international development cooperation in which middle income countries are playing an increasingly important role, National Development Banks are becoming key players although broadly consensual regulatory framework are still insufficient.
Topic:
Climate Change, Poverty, Finance, Sustainable Development Goals, International Development, and Banks
Political Geography:
Global Focus

29. Unlocking the Potential of Private Financing for Low-carbon Energy Transition: Ideas and Solutions from ASEAN Markets

Author:
Venkatachalam Anbumozhi
Publication Date:
01-2020
Content Type:
Working Paper
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
Under the Paris Agreement in 2015, the opportunities for the ASEAN Member States (AMS) to maximise low-carbon energy sources to achieve the Nationally Determined Contributions (NDC) target in reducing carbon emission levels have expanded. In order to move towards a low-carbon energy transition, private sector actors must work together with governments to implement strategies to invest in the low-carbon economy. However, major barriers such as insufficient enabling policy environment, availability of technologies and access to funding somehow impede the implementation. It is believed that unlocking the potentials of private sector would accelerate the transition of low-carbon energy. This paper, based on a market survey, which aimed to identify barriers and risks that private sectors face in accelerating the low-carbon investments. The survey respondents are divided into two categories, Lenders and Borrowers. Analysing 110 total respondents helped to identify the perceived and actual barriers as well as risks underlying to the access to financing and generated potential solution for policymakers to overcome these barriers. The survey results indicate that the main obstacles faced by private sectors are incoherent policies that created a high-risk environment for investment, a lack of access to de-risking mechanisms, and insufficient capacity to communicate the opportunities amongst financial institutions and project developers. To bare these risks, this paper suggests four interdependent solutions – establishment of a low-carbon transition fund, government warranty programme, broadening of de-risking mechanisms, and capacity building programme to accelerate the low-carbon energy transition across ASEAN.
Topic:
Energy Policy, Finance, Renewable Energy, and Private Sector
Political Geography:
Asia and Southeast Asia

30. The Effects of Financial Inclusion on Development Outcomes: New Insights from ASEAN and East Asian Countries

Author:
Rajabrata Banerjee, Ronald Donato, and Admasu Afsaw Maruta
Publication Date:
09-2020
Content Type:
Working Paper
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
This study empirically examines the effects of financial inclusion on economic development, – economic growth, education, health, and income inequality – in 20 Asian countries in the period 2004-2015. The financial inclusion index at an aggregate level is constructed using a hybrid methodology (reported in the previous paper) and we empirically examine its relationship with particular development outcomes. We then disaggregate the index into the three dimensions of financial inclusions – access, usage, and quality – and further into the top two indicators from each dimension based on principal component analysis scores (reported in the previous paper), to examine whether specific dimensions or indicators are more strongly associated with particular development outcomes than with others. Our results show that aggregate financial inclusion has a strong positive effect on all development outcomes and this effect improves for countries with lower political risk. At the dimension level, while usage is the only dimension impacting on economic growth, and access is the only dimension impacting on health outcomes, both usage and access influence education and income inequality. Moreover, the top ranked indicators in each dimension exert a far greater positive influence on development outcomes than the second highest ranked indicators. Our findings show that adopting a single blanket policy may not be appropriate to realise the full potential of financial inclusion in a less developed country. Policy prescriptions should therefore target specific dimension and indicators of financial inclusion to maximise the positive effect on development outcomes.
Topic:
Development, Health, Finance, and Fiscal Policy
Political Geography:
Asia