The Global Economic Governance (GEG) Africa programme engages with key stakeholders, to ensure that African views are included in our research and that our findings are widely disseminated and discussed. Our events include scoping workshops with African policy makers, business representatives and multilateral institutions, study groups to consult on policy recommendations and positions and representation, and media activities around GEG fora such as BRICS and G20 summits.
The OECD will release its latest analytical work on trade facilitation. Trade Facilitation and the Global Economy presents key findings on the state of trade facilitation reforms around the world, and shows why and how trade facilitation can contribute to lowering trade costs and increasing economic well-being.
Case Studies on the Linkages to the Development of Trade Corridors and Regional Value Chains in SADC Beitbridge and Chirundu Borders
The 2018 Global Forum, launched in 2013 to strengthen the international dialogue on responsible business conduct, brought together government officials, business leaders and civil society representatives to examine and exchange views on how business could do good while doing no harm, and so contribute to sustainable development.
With the theme “Examining the challenges and opportunities of firms’ productivity in Africa”, the conference covered topics pertinent to firms in sub-Saharan Africa. It was organised by the World Bank Office of the Chief Economist for the Africa Region and the Stanford Center on Global Poverty and Development.
Governments and international organisations, the private sector and academics meet with the aim of fostering trade action in least developed countries and building deeper collaboration and commitment to integrate such nations into global and regional trade. Progress over the past decade will be discussed, with a view to determining what more is needed and to obtaining new commitments by LDC leaders to use trade to meet the Sustainable Development Goals (SDGs).
Energy transitions is one of the 11 work streams of the G20, with the transition to cleaner, more flexible and transparent energy systems a priority. The working group promotes the strengthening of energy efficiency and renewables, energy access, reducing inefficient fossil fuel subsidies, energy data transparency and market digitalisation.
Policymakers and practitioners, international institutions and leading academics discussed key policy issues regarding product market competition and regulation and growth. Topics included: How and why has product market competition, overall and in key sectors, changed since the 1990s? What are the consequences for productivity growth, innovation and income distribution? What are the implications for competition policy and market regulation?
The group previously met in February, where discussions focused on how technology could advance sustainable investment. Three research topics were agreed for 2018: securitisation of sustainable assets, development of sustainable private equity/venture capital, and digital innovations for mobilising sustainable finance. Continuing its work from the first meeting, the Study Group will produce the 2018 G20 Sustainable Finance Synthesis Report and submit it to the G20 Finance Ministers and Central Bank Governors Meeting in July and G20 Leaders’ Summit in November.
According to Laurence Carter, Senior Director for Infrastructure, PPPs and Guarantees of the World Bank, said: “Infrastructure hits the sweet spot for economic growth, jobs and addressing inequality.” This followed the agreement at the First G20 Meeting of Finance Ministers and Central Bank Governors in March in Buenos Aires to promote conditions needed to help develop infrastructure as an asset class that is attractive to private investors.
The meeting follows the forum’s first meeting of the year, which was held in March, in Paris. At that gathering, discussions focused on exchanging and reviewing information, with a longer-term view to find consensus on the process and timeline for the removal of market distorting subsidies and similar support.
The BTTC meeting was held under the theme “Envisioning inclusive development through a socially responsive economy”. It was held alongside the Academic Forum. The gathering looked at ways of solving urgent socio-economic challenges, such as water scarcity and literacy statistics, many of which were seen as symptoms of much broader issues and the result of far-reaching challenges such as climate change, inequality, economic prosperity and education.
The Ministerial Council Meeting was opened by French President Emmanuel Macron and OECD Secretary-General Angel Gurría. Countries were urged to work harder to ensure that multilateral co-operation effectively addressed today’s global challenges. The meeting discussed co-operation in promoting inclusive growth, fostering international trade, advancing co-operation on taxation and climate change, responding to the impact of digitalisation and new technologies, and ensuring the financing of the Sustainable Development Goals. The theme “Reshaping the foundations of multilateralism for more responsible, effective and inclusive outcomes”, looked at ways to ensure multilateralism better served the needs of those who had missed the benefits of globalisation.
The GEGAfrica project has been funded by UK aid from the UK government; however the views expressed do not necessarily reflect the UK government’s official policies.