International Policy

The way our economy currently works is destroying the foundations of life on this planet. Climate change is accelerating and biodiversity is under massive pressure. At the same time, the income gap is widening and inequality is growing. A “great transformation” (WBGU) worldwide is needed to bring our global economy in line with planetary boundaries while ensuring a good life for all.

Cover der Studie zur Asian Infrastructure Investment Bank

The Beijing-led Asian Infrastructure Investment Bank

Study

The Beijing-led Asian Infrastructure Investment Bank (AIIB) opened for business in 2016 and rapidly became a major actor in global finance. The AIIB’s business is financing large-scale infrastructure projects such as power plants, dams, and transportation corridors. Such investments by their very nature carry high environmental and social risks. They are also often associated with corruption and high levels of debt. This paper provides an overview of the institution’s close alignment with China.

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Publications
Cover LSF Studie

The Liquidity and Sustainability Facility for African Sovereign Bonds

Over the past few decades, market-based finance has become central to the global financial system. Huge volumes of financial instruments are traded on a daily basis. In an effort to improve access to global financial markets for African countries, the United Nations Economic Commission for Africa (ECA) – in cooperation with the asset management firm PIMCO – has proposed setting up a Liquidity and Sustainability Facility (LSF). This is designed to create a Special Purpose Vehicle to subsidise private sector investment in African sovereign debt. The LSF would be financed by official development assistance (ODA), multilateral development banks and/or by the central banks of members of the Organisation for Economic Co-operation and Development (OECD).

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