g20

Il Canada partecipa al G20 sin dalla sua fondazione, nel 1999, quando il forum si teneva tra i ministri delle Finanze delle venti principali economie mondiali ed è ritenuto uno dei principali artefici della sua creazione, nonché della sua evoluzione in summit tra capi di governo e di stato nel 2008.

The economic harm being caused by the novel coronavirus may soon result in multiple sovereign debtors moving into default territory. But the existing playbook for dealing with multi-sovereign emerging market debt crises is blank.

COVID-19 has further exacerbated the debt situation in sub-Saharan Africa (SSA). Prior to the pandemic about half of  low-income countries (LICs) were at high risk of debt distress or in debt distress, including a large number of LICs in SSA. A shift in the composition of debt from concessional to non-concessional financing needed to finance infrastructure and human capital development contributed to higher debt levels.

The G20 measures in 2020 to support low income countries (LICs) facing unsustainable debt burdens were intended to give nations the space to mitigate consequences of the virus and rebuild their economies in a manner consistent with development and climate goals. It has now become acutely apparent that such efforts were incomplete and inadequate. It is paramount that the G20 build on past work on debt relief and supplement it with new thinking and financing.

Dal 1° giugno di quest’anno, l’Organizzazione per la cooperazione e lo sviluppo economico (OCSE) avrà un nuovo Segretario generale. Dopo quindici anni, Angel Gurría ha annunciato lo scorso luglio che non si sarebbe candidato per un altro mandato, il quarto. La corsa che si è aperta nei mesi successivi ha portato alla vittoria di Mathias Cormann, ex Ministro delle finanze australiano. Il futuro Segretario generale ha già reso noti alcuni punti della sua agenda.

Overtime, world economies have organized themselves into groupings that define the structures of global multilateralism. Groupings such as the G7 and G20 represent advanced and upper middle-income countries, while the G24 represents lower middle-income countries, except for one low-income country. There are also established memberships to technical multilateral institutions such as the International Monetary Fund (IMF) and the World Bank who are quota-based.

The next months will be crucial for the T20 think tank community to produce policy recommendations in view of the Italian G20 Summit in October. This series of T20-associated events (closed-door and public Roundtables) will offer the occasion to broaden participation in the T20 and add new voices of international experts, civil servants, and representatives of the private sector.

Over the past few decades, most developed countries have made substantial progress in increasing female labour force participation supported by policies assisting families to combine family responsibilities and work. Northern European countries are ahead in terms of family-friendly policies, and this is reflected in female labour force participation, which is higher in these countries, especially for women with children.