All Finance, Development and G20

All Finance, Development and G20

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Author Nancy Alexander describes forces working against inclusive, sustainable globalization, including the recommended contracts for public-private partnership (PPPs) to deliver public services.

Women's empowerment
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The economic empowerment and participation of women cannot be limited to promoting female entrepreneurship.

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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.

This publication reviews the possible approaches that the German G20 and financial institutions should consider in order to ensure that infrastructure is climate compatible and socially beneficial.
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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?

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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?

G20 Infrastructure investment and Public Private Partnerships
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The scale of the infrastructure and PPP initiative championed by the G20’s national and multilateral banks could privatize gains and socialize losses on a massive scale. The G20 should take steps to ensure that this scenario does not unfold.

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 5 Things to Know about the Group of 20 (G20). 

G20 The Themes - Trade
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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.

G20 – The Fundamentals #4 The Solar System of G20 – Engagement Groups
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Seven “Engagement Groups” circle around the G20 and attempt to influence its decisions. However, their relative power to influence outcomes differs greatly.

G20 Commitments on Global Health
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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.

Power and legitimacy of the G20 in a multilateral governance system
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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.

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What in the world is the Group of Twenty (G20)? We have chosen eight indicators to present the most important economic, social, and environmental data and created seven maps and graphics that present this comparison visually and at a glance.

The G20 and the 2030 Agenda for Sustainable Development
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Heads of state and government of all UN member states negotiated in the most comprehensive consultation process of the UN’s history so far, about the most urgent questions concerning the future. 17 goals of the "Agenda 2030" shall be implemented by 2030.

G20: Energy Sustainability
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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.

G20: Fossil fuel subsidies and finance
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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.

General Political Objectives of the G20 Countries on Anti-Corruption
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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.

The G7 and G20 in the global governance landscape
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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.

G20: Macroeconomics and Sovereign Debt
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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.

„Green Finance“ and Climate Finance G20
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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.

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

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

Photo: G20 Hangzhou Summit, participants
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This discussion paper reviews key outcomes of the September 4-5 G20 Summit in China. 

Infrastructure development acts as a gateway to natural resources and markets, powers industry, and provides key services to citizens around the world. However, the OECD’s infrastructure investment advice to the G20 is “out of sync” with recent achievements of the global community, such as the new UN Sustainable Development Goals (SDGs). 

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A Blog by Motoko Aizawa, Institute for Human Rights and Business, and Nancy Alexander, Heinrich Boell Foundation-North America on the new Report: “In Search of Policy Coherence: Aligning OECD Infrastructure Advice with Sustainable Development”

At the request of the G20, staff at the World Bank has prepared a report recommending model language for public-private partnership (PPP) contracts. Unfortunately, the proposals fail to grapple with several of the problems that have plagued many PPP schemes, or contribute in a constructive way to finding solutions to them. 

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.
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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:

As G20 President (on 12/1), China's agenda may feature these 7 key priorities.  

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Model PPP contract provisions submitted to the G20 show preoccupation with the rights of private investors, often to the great prejudice of the very communities that are ostensibly the beneficiaries of the projects involved.

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Hidden among the maze of more than 400 paragraphs of guidance, there are a number of points that, when viewed collectively, paint quite a disturbing picture, one that would substantially alter the way common citizens may think about infrastructure and their rights as citizens. 

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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.
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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. 

G20-BRICS Final Issue, July 2015 - Development: Super-Sized or Sustainable?

This issue highlights safeguards, global financial instability and fragility, Turkey's economy and fossil fuel subsidies, and the tension between G20 and UN leadership on infrastructure.

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.

G20-BRICS Update #22 - Will the New G20 Troika Advance "Sustainable Development"?

This issue entitled, "Will the New G20 Troika Advance Sustainable Development?" includes feature articles on Public-Private Partnerships (will they help achieve climate and sustainable development goals?); the Turkish Civil 20; and ragged progress on the G20 Anti-Corruption agenda.

Carbon Intensity & Energy Infrastructure. An Overview and Country Case Studies from Latin America, Asia and Africa

The world is running out of time when it comes to limiting global warming to 2°C.  In this paper, Nora Rohde examines whether the master plans for energy mega-projects in three regions contributes to that goal.

"Assembly Lines" for Project Development: The Role of Infrastructure Project Preparation Facilities (PPFs)

Some claim that the biggest obstacle to boosting investment levels and reviving the global economy as the absence of regional "pipelines of bankable projects". In this paper, Nora Rohde describes the "solution" --Project Preparation Facilities (PPFs) to accelerate the launch of (mega)projects.

A Commentary on Turkey's Growth Strategy

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.

Introduction to the Group of 20 (G20)

This paper provides background on the G20 and the upcoming Turkey G20 Summit, which will be held in Ankara in November 2015.

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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.

Pre-summit documents on infrastructure, energy and climate. 

Pre-summit documents on investment 

General Pre-summit documents 

Pre-summit documents on Finance, Transparency and Corruption 

The Emerging Multi-Polar World Order

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

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.

The BRICS’ New Development Bank and the integration of human rights into development cooperation: a new era or more of the same?
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In this article, the authors describe how the BRICS' New Development Bank (NDB) may be informed by both the standards of the Brazilian National Bank and the revision of the World Bank's safeguards.

G20-BRICS Update #21 - Bulldozing Consensus on (Infrastructure) Investment

This issue of the G20-BRICS Update covers the hopes and fears for the G20 Summit in November 2014; outcomes of the BRICS Summit in July 2014; the G20's Global Infrastructure Initiative; and Korea's experience with public-private partnerships (PPP)s.

Nancy Alexander discusses the role of civil society organizations in global governance, in particular the G20 and the BRICS institutions with the Global Summitry Project. To watch the entire interview, please go to the YouTube playlist here.

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

Introduction to the G20

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

According to this report, systematic discrimination against women drives patterns of inequality and poverty.  It argues that  the G20 cannot achieve inclusive growth with gender-blind policies. Therefore, the G20 must reassess its entire agenda and, among other things, promote women's rights in employment, social protection, and fiscal policy.

In this special issue of the G20-BRICS Update, scholars and activists share views on the potential of the BRICS and their new initiatives.

High Ambitions and High Risks

Will PIDA accelerate the colonial patterns of resource extraction or foster the economic diversification required for Africa to prosper and expand job opportunities?

G20-BRICS Update -  Dueling Visions: Civil Society and the G20

Read about the jobs crisis, mobilizing pension funds to underwrite infrastructure, the need for a new “model” for BRICS’ development, and the ambitions and risks of African mega-projects.

A panel discussion during the 58th Session of the Commission on the Status of Women (CSW) in New York focused on ways in which to integrate gender equality, specifically examining care economy considerations and climate change as cross-cutting issues into post-2015 sustainable development approaches.

G20-BRICS Update -  The Fossil Fools Troika

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).

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.

The Post-2015 Framework: Merging Care and Green Economy Approaches to Finance Gender-Equitable Sustainable Development

After Rio+20, the proposed post-2015 framework needs to learn from the shortcomings of the MDG-process and merge care economy and green economy approaches to advance and finance truly gender-equitable sustainable development

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.

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

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

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

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

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

G20 Update #16 - The G20's Initiative on "Financing for Investment in Infrastructure"

This issue of the “G20 Update” includes articles on three questions:1) What is the nature of the upsurge of investigations of, and attacks on, Russian civil society? 2) Why has the G20 launched a new initiative on “financing for investment”? 3) How do the policy agendas of the G8 and G20 converge?

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

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.

Commentary on the report "Mapping G20 Decisions Implementation"

How should G20 Decisions be Assessed? This question is answered by a December 2012 report entitled, “Mapping G20 Decisions Implementation: How G20 is delivering on the decisions made” by scholars at the University of Toronto and the Higher School of Economics (Moscow). This "commentary" questions the methodology of the report and suggests alternatives.

After introducing the topic of corruption, this paper identifies the G20 anti-corruption commitments and progress (or lack thereof) in the implementation of these commitments. It also proposes goals for the Working Group in 2013 and beyond.

An Introduction to the G20: The Australian Presidency in Context

This paper provides an introduction to the G20 in the lead up to Australia’s G20 presidency. It includes an overview of the G20’s work in the last five years and the likely agendas for 2013 and 2014; and describes aspects of the global and Australian context.

This article assesses the G20's performance against its seven commitments to reform the financial sector. The Financial Stability Board (FSB) has significant responsibility for carrying out the mandates of the G20 in this sector.

G20 Update #14 - The New G20 Troika
On December 1, 2012, the G20 welcomed its new leadership “troika”– Russia, Mexico, and Australia – the current, past and future presidents, respectively. The Russian G20 Presidency has announced its priorities for the 2013 Summit.G20 Sherpas, or presidential aides, will meet in Moscow in mid-December. At the same time, civil society, think tanks, and business leaders will gather to hammer out recommendations to present to the Sherpas.
Privatizing the Governance of Green Growth

Many powerful transnational corporations (TNCs) have growing influence over the governance of resources in sectors, such as energy and agriculture. This paper addresses the strategic dilemmas faced by civil society organizations that address corporate power in their struggles to curb global warming and achieve the human rights, including the rights to food and energy.

The Pros and Cons of Public-Private Partnerships (PPPs) as a means to achieve food security, expanded infrustructure investment and green growth

In, “The pros and cons of public-private partnerships (PPPs) as a means to achieve food security, expanded infrastructure investment and green growth?" Nancy Alexander provides a background paper on PPPs (part I) and conclusions of a discussion of the paper with the Mexican Foreign Service (part II).

G20 Update #13 - Leadership Transition
Since the Mexican G20 Summit, the Eurozone crisis and the U.S. slowdown are hitting many emerging and developing countries suffer from declines in industrial output, export growth, trade and inflows of capital.