We declare our full solidarity with Ukraine. We stand by the side of our Ukrainian partners and colleagues and, at the same time, by the side of our partners in Russian civil society who are beset by harsh repression.
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).
In 2020, a number of international conferences and talks marking the 25th anniversary of the Dayton Accords brought the country back into the international spotlight. On this occasion, the Heinrich Böll Foundation's office in Sarajevo captured numerous voices on how to deal with the dysfunctional system.