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This week: world leaders descended on Sharm El-Sheikh for COP 27. Attendees debated who should foot the bill for climate loss and damage. Mia Mottley rebuked rich countries‘ exploitation, environmental degradation, and inaction. The IMF proposed new climate-friendlier lending rules, while Egypt‘s harsh stance on dissenters cast a dark shadow.
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Gas station: Activists are accusing European leaders of treating Africa...
Policy analysis
More and more young people are entering the job market every day in Africa. And job creation today is essential to creating a better future for all. But across the continent, government’s aren’t stepping up to ensure that youth can secure jobs. That’s why we launched our Jobs Now Africa campaign, to outline the scale of this urgent crisis and encourage the public to urge governments and non-state partners to prioritise job creation. A big part of that job...
In August, the International Monetary Fund announced the largest allocation of Special Drawing Rights (SDRs) in its history. IMF Managing Director Kristalina Georgieva said the allocation, worth about $650 billion, would be “a significant shot in the arm for the world” and, if used wisely, could help economies to quickly recover from COVID-19’s negative economic impacts.
“The SDR allocation will provide additional liquidity to the global economic system – supplementing countries’ foreign exchange reserves and reducing their reliance on more...
The global response to COVID-19 is not working. So far this year, despite the development and roll out of effective vaccines, more than twice the number of people have died from COVID-19 than in all 2020. More than 8,000 people died each day in the past week.
A new target to vaccinate 70% of the population in all country income categories by September 2022 could provide the impetus needed to bring the pandemic under control. But as ONE’s latest analysis...