Recent Posts
Amplifying Africa’s Voice in Reforming the Global Financial Architecture
November 4, 2022ACET and the new Finance for Development Lab, with the support of the Transformation Leadership Panel, are launching a new initiative to enhance Africa’s voice on needed changes to the global financial architecture. Following the COVID-19 crisis, the Ukraine war, and the growing fight against inflation in rich countries, the global economy is heading for years of weak growth, rising prices, and high interest rates. These developments have destabilizing consequences for low and lower-middle-income economies, and especially so in the Sub-Saharan Africa (SSA) region. Many of these countries already face or will soon [...]
A United Front: John Asafu-Adjaye on Africa at COP27
November 3, 2022John Asafu-Adjaye, ACET Senior Fellow and climate & agriculture specialist, talks about the common African concerns, demands, and expectations at the upcoming climate conference in Egypt. African countries are expected to speak with one voice at COP27 in Egypt this month. What are the top concerns and demands that African negotiators will bring to the climate conference? John Asafu-Adjaye: At the top of Africa’s agenda at Sharm el Sheikh will be a push to unlock the pledges that were made by the wealthy countries at COP15 in Copenhagen. This includes the [...]
Bridging Green Infrastructure and Finance
November 3, 2022This chapter was originally published in CEPR's eBook "Scaling Up Sustainable Finance and Investment in the Global South" The world faces a huge shortage of infrastructure investment relative to its needs. With few exceptions, such as China, this shortage is even greater in non-advanced countries. The G20 Infrastructure Investors Dialogue estimated the volume of global infrastructure investment needed by 2040 to be $81 trillion, $53 trillion of which is needed in non- advanced countries (OECD 2020). The Dialogue projected a gap – in other words, a shortfall in relation to the [...]
How to Finance Green Infrastructure
November 2, 2022This publication was originally published in Project Syndicate Mobilizing excess savings in advanced economies for much-needed investment in green infrastructure in emerging-market and developing economies will not be easy. But it is possible, if both the public and private sectors do their parts. WASHINGTON, DC – To spur development and fight climate change, emerging-market and developing economies (EMDEs) will need huge amounts of investment in green infrastructure over the next few decades. But many of these countries have limited fiscal space, especially after the shocks of the last few years. Given [...]