All Finance, Development and G20

All Finance, Development & G20

Submission to the World Bank Group and Summary Comments on the Draft Report on Recommended PPP Contractual Provisions

With legal counsel, the Heinrich Boell Foundation prepared this submission to the World Bank Group's consultation on its draft Report on the 2016 Edition of its "Recommended PPP Contractual Provisions". It cautions that the draft "Contractual Provisions" put an inordinate level of risk on governments (with potential fiscal consequences); obstruct the state's "right to regulate" in the public interest (for instance, to protect the environment and human rights); prefer international (rather than domestic) settlement of disputes; and fail to adequately promote contract transparency. 

By Nancy Alexander

The New U.S. Administration and the German G20 Summit: 3 Things to Watch

This article outlines what US hostility towards multilateralism might mean for the G20 Summit in Hamburg. Nancy Alexander points to three areas of concern: a possible shift of geopolitical alliances, disputes over a new course of global economy, and the future of sustainable development worldwide.

By Nancy Alexander

G20 and Investment

The G20 is promoting a new investment paradigm for itself and inviting the world to follow suit. What are the stated G20 goals and commitments in relation to this topic? What does “investment” mean? What is the progress so far and what are the challenges in relation to this topic? What is the desired future direction of the G20 with respect to the topic?

By Motoko Aizawa

G20 in Hamburg: Setting directions towards a democratic multilateralism

The G20 Hamburg Summit in July 2017 will be about nothing less than how globalization should be governed in the future. The G20 countries will have to respond to the key question of our times: How should a globalized world economy be coordinated for the benefit of all humanity against the backdrop of economic uncertainty, higher levels of inequality, climate change, refugees and migration?

By Heike Löschmann

G20 and Trade

Trade has contributed to inequalities in many countries. Therefore the G20 should ensure that its trade agenda does not conflict with that of the WTO or the United Nations. Many processes need to be revised to reduce so inequalities can be reduced.

By Motoko Aizawa

The Solar System of G20: Engagement Groups

Seven “Engagement Groups” circle around the G20 and attempt to influence its decisions. However, their relative power to influence outcomes differs greatly.

By Heike Löschmann, Nancy Alexander

Commitments on Global Health

The Ebola crisis prooved, that the G20 aims to ensure infectious agents to not cross borders rather than acting in disease prevention. This is why there is a serious concern that public health needs of poorer countries will be ignored.

By Marwin Meier, Birthe Redepenning

Power and legitimacy of the G20 in a multilateral governance system

The Group of 20 (G20) is a “club” of nations with significant influence. There is a significant democratic deficit in the G20 since its decisions and actions are not governed by international law and it is not accountable to representative bodies.

By Nancy Alexander, Heike Löschmann

Energy Sustainability

The endorsement of the Paris Agreement at the Chinese G20 was clearly a step forward for energy sustainability in the face of climate change. Still the indications of how it might be achieved is limited in scope.

By Elizabeth Bast, Alex Doukas

Fossil fuel subsidies and finance

G20 governments are spending $444 billion every year to support fossil fuel production. These financial flows are limiting the expansion of renewable energies that could curb global warming and meet a variety of sustainable development goals.

By Elizabeth Bast, Alex Doukas

Anti-Corruption – Goal on Anti-Corruption

Tackling corruption is crucial to the G20’s goal of generating inclusive growth and establishing a cleaner, safer, more sustainable economic framework. The cross-border nature of the problem requires global solutions, ones that the G20 must lead on.

By Maggie Murphy

The G7 and G20 in the global governance landscape

The Group of Seven (G7) and the Group of Twenty (G20) are informal governance clubs, which hold annual Summits of Heads of State to discuss issues of global importance.

By Nancy Alexander, Waleria Schuele, Heike Löschmann

Macroeconomics and Sovereign Debt

When a government takes on more public debt than it can service, there are serious consequences. Besides cuts in public budgets one country’s over-indebtedness can have spillover effects on regional or even global markets, as we saw in the recent Greek financial crisis.

By Motoko Aizawa

Green finance and climate finance

The G20 uses the term “Green Finance” as a broad umbrella term that refers to the major shift in financial flows required to support projects that benefit the environment and society by reducing pollution or tackling climate change.

By Motoko Aizawa

The Rotating G20 Presidency: How do member countries take turns?

On 1 December 2016, Germany became the host and President of the G20 and began to work within the so-called G20 Troika, which in addition to itself consists of the previous 2016 G20 President (China) and the subsequent 2018 President (Argentina).

By Nancy Alexander, Heike Löschmann, Waleria Schuele

Group of 20 (G20) – In a Nutshell

Who are the G20 member countries? What issues do they have? Who leads? Our factsheet gives a first overview.

By Nancy Alexander, Waleria Schuele, Heike Löschmann

An Energy Agenda for the G20 as if the Future Mattered

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The G20 has fallen behind other international organizations in addressing the challenges of climate change and supporting sustainable energy transformation and electrification. This article lays the foundation for a reflection and discussion on what the G20 can usefully do to support these transformations, and how it must change to achieve this.

Five things that can promote transparency in Public-Private Partnerships

Transparency is an important but easily overlooked agenda in the mix of challenges facing Public-Private Partnerships (PPPs) that aim to tackle a range of development imperatives, such as provision of infrastructure and other critical social services. The World Bank recently published ‘A Framework for Disclosure in Public-Private Partnership Projects,’ a practical tool intended to help countries set up PPP disclosure frameworks, based on an earlier eleven-jurisdiction study. Here are five things beyond the World Bank’s recommendations that can help promote PPP transparency:

By Motoko Aizawa

The Age of Megaprojects

While the world is already experiencing the biggest investment boom in human history, Leaders plan to boost economic growth through an explosion of megaprojects. This article examines the risks of megaprojects, including the question of whether they could privatize gain and socialize losses.
By Nancy Alexander

Can Addis start a Domino Effect for Raising Multilateral Ambition in 2015?

The year 2015 could go down in history books as the landmark year for turning around the world’s “business-as-usual” economic and financial system in ways that could lead to a sustainable future.  Or, it could be a year of cascading multilateral failures, signaling a further decline of UN-led efforts for sustainable development. When world leaders meet from July 13-16, in Addis Ababa, Ethiopia for the third UN Conference on Financing for Development (FfD-3), the stakes are high. Fear and hope should motivate the outcomes of the conference. 

By Nancy Alexander, Liane Schalatek

Nancy Alexander Interview with Telesur: BRICS Countries and Their Challenges

See this Telesur interview with Nancy Alexander, Director of our Economic Governance Program, about the BRICS countries and whether their new structures (the New Development Bank and an international credit rating agency) might function with integrity and take into account risks such as global warming and environmental degradation.

A Commentary on Turkey's Growth Strategy

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At the 9th G20 summit in Brisbane, Australia, all member states presented their individual plans to promote “stronger economic growth and employment outcomes”. As G20 President this year, Turkey may consider its growth strategy and employment plan as models for other G20 countries. Its approach may also shape the G20 agenda. To explore these possibilities, this paper presents and comments on some highlights of the Turkish plans.

The World Bank: In the vanguard of an infrastructure boom

The world is experiencing the “biggest investment boom in human history”, with some $6-9 trillion annually (8 per cent of global GDP) devoted to mega, giga and tera (million, billion, and trillion) dollar projects. The G20 sees massive infrastructure investment as one of the ‘silver bullets’ that can achieve its target and, by boosting trade and integration, add $2 trillion to the global economy and create millions of jobs.

By Nancy Alexander

The Emerging Multi-Polar World Order

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The new investment and development model is evolving with breathtaking speed due to not only the strong global consensus in support of it, but also the competition between the West and emerging powers to implement the model.

The G20 Adrift: Selected Outcomes of the 2014 Summit

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This paper highlights decisions of the G20 Summit as they relate to: Taxation and  Corruption; Labor and Gender Participation in the Workforce; Financial Regulation; Trade; Climate Change, Food, and Energy; Global Governance; and Infrastructure.

Infrastructure: for people or for profit? (Español - Infraestructura: para la gente o para el lucro?)

Worldwide, the essential role of infrastructure is being rediscovered.  However, mega-projects -- including in the energy sector -- need good governance in order to deliver benefits and avoid harm to communities, ecology and the climate.  The 20+ authors in this anthology describe the challenge and imperative of achieving democratic and responsible governance of infrastructure. This publication is available in English and Spanish.

What Role for Development Finance in the Future of Africa and the Global South?

Africa emerges as a major “battleground” of what could be called the “economic world war” of suborders—such as the G7 and BRICS—with the World Economic Forum (WEF) networking this competitive terrain in the infrastructural financing “scramble for Africa” and the developing world. How will the infrastructure-financing scramble (and its links to extractive industries) play out?

By Nancy Alexander

Introduction to the G20

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This paper provides background on the G20 and the upcoming Australian G20 Summit, which will be held in Brisbane in November 2014.

G20-BRICS Update #18 - The Fossil Fools Troika

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The February 2014 "G20-BRICS Update" features articles on the Australian G20 Presidency by Senator Christine Milne and Alan Alexandroff; articles on the BRICS by Graciela Rodriguez and Oliver Stuenkel (Brazil) and Vitaliy Kartamyshev (Russia); and reviews of work by Jayati Ghosh and Observer Research Foundation (India).

Think20 papers 2014: policy recommendations for the Brisbane G20 Summit

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On 1 December 2013, Australia began its twelve-month presidency of the G20, a role that will culminate with the chairing of the Brisbane G20 summit, 15-16 November 2014. The ‘Think20’ is a network of think tanks and academics from G20 countries that are working to provide an important analytical input into the G20 process.

Responsible Investment in Infrastructure: Recommendations for the G20

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Nancy Alexander and seven contributing authors present "Responsible Investment in Infrastructure: Recommendations for the G20," which responds to the G20's efforts to mobilize financial support for public-private partnership (PPPs) in large infrastructure projects in order to promote regional integration.

G20-BRICS Update #17 - G20 Growthcery

At the September 2013 G20 Summit in St. Petersburg, Leaders faced
conflicts relating to the Syrian crisis and decelerating global growth and,
particularly, the role of the monetary policies of advanced countries,
especially the U.S., in destabilizing developing country ́s economies.

Global Financial Governance and Impact Report 2013

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This volume attempts to measure the quality of governance and the impact of the Group of 20 (G20), the Financial Stability Board (FSB), the IMF, World Bank, and Tax Rule-Making Bodies. Nancy Alexander gives the body a “poor” rating for its lack of transparency, accountability, inclusiveness and participation and responsibility.

The Federal Budget and Appropriations for Fiscal Year 2014

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This report, authored by POMED's Executive Director Stephen McInerey and Advocacy Director Cole Bockenfeld, offers a detailed look at U.S. funding and assistance for democracy and governance in the Middle East, the congressional appropriations process, and implications for U.S. policy in the Middle East during a turbulent time.

Implementing Gender Equality at the World Bank

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Gender equality efforts at the World Bank are not new. Several recent World Bank and external reports have taken stock of how successfully gender equality concerns have been mainstreamed in World Bank activities in the past few years. This analysis finds that while there have been some improvements ,persistent weaknesses in implementation remain largely due to a focus on internal process over gender equality impacts in developing countries.

Powering Africa through Feed-In Tariffs

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Africa is facing a severe energy crisis and fails to meet the increasing demand for electricity. Renewable Energy Feed-in Tarifs (REFiTs) is one tool that has been successful in increasing the use of renewable technologies worldwide. This comprehensive study comissioned by the Heinrich Böll Stiftung and the World Future Council shows that REFiTs can unlock renewable energy development in Africa

Missing Women: The G20, Gender Equality and Global Economic Governance

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The policy priorities of the G20 have profound gender implications, although the G20 rarely recognizes this fact. This report explores the possibilities for gender bias in the G20's policies, including those related to: fiscal and monetary priorities, employment, social protection, and development.

G20 Fundamentals #4

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The Track Record of the Group of 20 (G20) on Eliminating Fossil Fuel Subsidies. This paper reviews the potential for and obstacles to implementing a phase-out and proposes an action agenda for the G20.

G20 Update #15 - Russia's G20 Priorities

This issue features articles on  the G20 exclusion of African perspectives, the story of Russia’s CivilG8–2006 Project, the parade of “20” meetings, the G20’s Anti-Corruption Working Group and includes a “knowledge box” on “The `Enough’ Campaign and the G8’s New Alliance for Food Security and Nutrition.