One of Germany’s goals under its G20 Presidency is to achieve sustainable economic progress in Africa, particularly through infrastructure investment. A concrete, actionable deliverable could be for the G20 to help support Africa50 – a new Africa-owned and led infrastructure investment initiative – get off the ground.
When they met in Hangzhou, China in September 2016, the G20 leaders launched the Initiative on Supporting Industrialisation in Africa and Least Developing Countries. It is certainly one on which Germany can build in the course of its own presidency in 2017. And hence, important that Germany sustain the momentum of this Initiative.
The German government has identified deeper cooperation with Africa as one of the top priorities for its G20 presidency. Against this background, the German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE) and the Kiel Institute for the World Economy (IfW), as the coordinators of the T20 process in 2016/17, together with the South African Institute of International Affairs (SAIIA), are hosting the T20 Africa Conference: Building alliances for sustainable development on 1-3 February in Johannesburg, South Africa.
In this post, Fabrizio Carmignani considers the global macroeconomic context of this year’s G20 meetings. In the face of sluggish GDP growth, and increasingly limited space for further monetary policy manoeuvre, Carmignani outlines potential fiscal policy options for G20 governments to consider individually, and collectively. (mehr …)
Recent elections in both emerging and developed countries have shown that a growing proportion of our citizenry is discontent with the political establishment, as populist causes have gained support in many parts of the world. Trust in politicians and public institution is eroding. For too long, we have ignored these trends.