The COVID-19 pandemic has highlighted how social vulnerability of some groups within countries increases their risk of infection from communicable diseases; hinders access to treatment and preventive measures, including vaccination; and, overall, exposes them to worse health outcomes. Their higher exposure to communicable diseases due to social vulnerability may affect … Read more
Migrants (especially women) are particularly vulnerable to the economic crisis of the COVID-19 pandemic. The resulting rising unemployment and social tensions make economic and social inclusion distant, challenging goals for sending and receiving countries. Globally, the pandemic will lead to increased precarity and heightened poverty levels among migrant workers. To … Read more
As they fight the Covid-19 pandemic, countries across the world are pushed to spend big to weather the crisis. Due to their limited fiscal capacity, many lowand middle-income countries are facing debt distress which might lead to a future debt restructuring process. With the current conventional instrument of sovereign debt, … Read more
This policy brief warns about the risks of discontinuation of the policy responses to the COVID crisis by pursuing exit strategies too early and/or too sharply. It outlines a comprehensive strategy for limiting such risks at a global level, and offers an in-depth discussion of the EU situation. In our … Read more
Throughout 2020, the Covid-19 pandemic caused massive human and economic casualties. The pandemic has been a major blow for developing countries, especially low-income countries, from many perspectives. These countries experienced a sudden dry-up of external financing in March 2020, against the backdrop of a rapid pile-up of sovereign debt during … Read more
Although governments could protect against the economic devastation of future pandemics by requiring businesses to insure against pandemic-related risks, insurers do not currently offer that insurance. Even given sufficient actuarial data to set underwriting standards and rate tables, insurers are concerned that they lack sufficient capacity, as an industry, to … Read more
The COVID-19 pandemic has highlighted long-standing fractures in the international financial system, especially weaknesses in the safety net for emerging market and developing economies (EMDEs). We present a proposal to provide short-term liquidity to EMDEs that face balance of payment stresses due to global shocks. Our proposal for a liquidity … Read more
Resource extraction and consumption is projected to double by 2060. However, today only 8.6% of raw materials extracted are put back into circulation, which worsens pressure on ecosystems, intensifies pollution and waste issues, and accelerates climate change. The transition from a linear to a circular economy opens a pathway for … Read more
The COVID-19 pandemic has led many countries to initiate unprecedented economic recovery packages. G20 policy makers tackling the health crisis, which is far from over, have also been encouraged to prioritise strategies which help to mitigate another looming crisis of climate change. Among the policy interventions that support climate change … Read more
G20 countries should make a renewed commitment towards providing stronger incentives for investment in low-carbon technologies, including through carbon pricing, but also via a more rapid phasing out of fossil fuel subsidies. To help redirect finance towards green investment G20 countries should work on the establishment of common international standards … Read more
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