Categorie
Africa G20

G20 support for improved infrastructure project cycles in Africa (G20 Italia 2021)

Priyadarshi Dash
Research and Information System for Developing Countries (RIS)

Paulo Esteves
BRICS Policy Center

Rob Floyd
African Center for Economic Transformation (ACET)

Arthur Minsat
Development Center, Organization for Economic Co-operation and Development (OECD)

Aloysius Uche Ordu
SAfrica Growth Initiative, Brookings Institution

Cobus van Staden
South Africa Institute of International Affairs (SAIIA)

This policy brief argues that new, African-led infrastructure models are needed to support Africa’s economic transformation. We argue that the G20, including the Compact with Africa initiative, should support implementation of such models. In particular financing for
infrastructure is slow and cumbersome with traditional partners. While non-traditional financiers provide faster response times, projects may also suffer in areas of quality and governance. We recommend that the Programme for Infrastructure Development in Africa (PIDA) quality label be applied for wider use, alongside the development of a learning platform that federates fragmented capacity-building initiatives for infrastructure, establishes a community of practice of African infrastructure experts and provides a forum for regional/global peer learning.

G20 SUPPORT FOR IMPROVED INFRASTRUCTURE PROJECT CYCLES IN AFRICA – T20 – Italy (t20italy.org)

 

Categorie
G20 Global Financial System

A new proposal for the G-20 to strengthen the global financial safety net (Brahima Sangafowa Coulibaly and Eswar Prasad, Brookings)

Undoubtedly, the economic recovery from the COVID-19 pandemic will dominate the agenda for the G-20 Summit in Rome in late October. The summit also presents an opportunity to lay the foundation for a more robust and resilient global financial system. The creation of a new global liquidity insurance mechanism (GLIM) would expand the financial safety net to encompass a larger share of the world’s population.

A new proposal for the G-20 to strengthen the global financial safety net (brookings.edu)