#NewGlobalFinancingPact
By: Ishac Diwan,
Category: Events
The Finance for Development Lab is an independent non-profit, non-partisan think-tank dedicated to building a fairer and more effective architecture for international finance.
Acting as a hub for policy discussions, the Lab collaborates with think-tanks, researchers, and other key stakeholders across the Global South to generate constructive ideas, craft innovative proposals, and influence global policymakers, with a particular focus on G20 countries and Bretton Woods institutions.
The Lab is housed at the CEPREMAP, a leading French research institute located within the Paris School of Economics. It is supported by the Bill & Melinda Gates Foundation.
In the aftermath of the COVID-19 crisis and amid growing geopolitical uncertainty, the global financial architecture is increasingly unable to finance the Sustainable Development Goals and to support countries in the fight against climate change.
Furthermore, we believe that the interests of low- and middle-income countries are currently not adequately represented in global decision centres, jeopardising their ability to achieve sustainable development.
The Labโs mission is to fill existing knowledge and perception gaps by serving as a specialised research and discussion forum specifically focused on development finance and debt related issues. We do so by collaborating with research partners across the Global South, and disseminating recommendations among international decision centres. To achieve our mission, we provide experts in developing countries with research support, and with assistance in disseminating and channelling their ideas and policy proposals as effectively as possible.
Our work is organised around three key pillars: financing, debt and multilateralism.
Financing models need to be adapted to todayโs context of recurrent crises
โข Better allocate Special Drawing Rights and extend the Global Financial Safety Net
โข Improve investment from private sources to help advance sustainable development.
Debt sustainability is increasingly fragile. Our proposals focus on:
โข Fostering more collaborative approaches between creditors and debtors
โข Redefine the role of international organisations
โข Revising our understanding of debt sustainability
Multilateralism is in danger and development finance is increasingly fragmented:
โข Better understand the role of emerging lenders
โข Foster mutual understanding between key stakeholders
๐๐ฐThe Paris Summit for a #NewGlobalFinancingPact promised a new era for #Fin4Dev but until then, are #MDBs & DFIs operating at maximum efficiency? Marcus Fedder @omru651 @tcxfund highlights lack of leverage & other inefficiencies hindering progress
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๐๐๏ธ๐11 days to Marrakech: how to bridge the Climate-Development Gap? @rodrikdani & @ishacdiwan discuss how to deal with debt & create fiscal space for new โgreen growthโ financed by #MDBs
@ProSyn #AnnualMeetings #Fin4Dev #GlobalSouth #FinancingOurFuture
With poor countries' debt-service obligations having grown vastly larger than the official support they can secure, their fiscal space is being squeezed, leading to a silent development crisis, write @rodrikdani and @ishacdiwan.
Massive investment in capital and technology will be needed in the #MENA region to avoid the #debt crisis.
According to @IbraElbadawi & @ishacdiwan, building deep and trusting relations among their countries should be prioritised.
๐https://www.iemed.org/publication/escaping-the-mena-debt-crisis/
#Medyearbook2023
Low-income countries are in the throes of a liquidity crisis that is not only undermining their economic development but also deepening the global climate crisis, @rodrikdani and @ishacdiwan warn.
After visiting Ghana to write about how can nations escape the debt trap.
Check out the ERF working paper of August, titled "Assessing the Sustainability of Jordanโs Public Debt: The Importance of Reviving the Private Sector and Improving Social Outcomes" by Zafiris Tzannatos and Ibrahim Saif
Submit your papers and join us for the 2024 debtnerds party in Paris
Join us in Paris for #Debtcon7!
We are very happy to announce that FDL, along with @PSEinfo, will host #DebtCon7, on May 29 to 31, 2024, with out co-hosts @AGelpern (@GeorgetownLaw ), @LaynaMosley (@PrincetonSPIA, @PrincetonSovFin) and @upanizza (@GVAGrad ). Find out more: https://findevlab.org/debtcon7/
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