Carnegie Endowment for International Peace
1 to 10 of about 14
At a time when Europe faces existential risks in the form of climate change and geopolitical competition, an over-cautious application of technical rules risks missing the bigger picture.
Although the bank is no longer the top development financier in most parts of the world, it remains critical to global development.
While European governments are focused on Ukraine, they risk diverting aid to Europe at a time when Africa needs it most.
Day after day, news reports depict how extreme heatwaves, floods, drought, and fires are indiscriminately ravaging continents, causing havoc, losses, damage, and tragedy, and fueling a sense of despair among affected communities. Yet, the IMF response to this crisis has so far been muted.
The US and Japan have responded positively to developing countries’ calls for greater representation. Europe is lagging behind and losing credibility.
The Russian invasion of Ukraine will shift the geopolitics of decarbonization, with particularly stark implications for energy politics in Africa.
South Africa’s Just Energy Transition Partnership identifies concrete areas to support during South Africa’s energy transition. More crucially still, the agreement addresses vital questions about how African countries can best use international climate finance.
Together the two countries supply a third of the world’s wheat. Ukraine is the world’s largest exporter of sunflower oil and accounts for 16 per cent of global corn exports. The majority of these exports go through Odessa and other ports on the Black Sea, which are now closed to commercial shipping.
So even before the withdrawal from Afghanistan, any discerning scholar or policymaker that looked to the plight of developing countries, especially in Africa, should have realized that the current system is no longer adequate to face the demographic, economic and political realities of our time.
Exactly how far Burhan will have to bend to achieve such a scenario will depend on how enduring are protests inside Sudan and how tough a front is maintained by the United States, the EU, the UN and other bodies, such as the African Union, in demanding a full restoration of civilian government under Hamdok.