Global Public Investment Network’s Post

Addressing priorities for a national recovery initiative amidst a prolonged political and economic crisis should consider (with some illustrative examples): 1-     Governance reform: support an independent judiciary, and reinforce checks and balances, civil society, and key stakeholders to foster consensus and social cohesion. 2-     Economic reform: adapted monetary policies, support to key critical sectors such as agriculture, manufactures. 3-     Social safety nets: specific interventions to support vulnerable populations and reduce poverty levels. Additionally, the international support should be considered as a key stakeholder for foreign aid and investment, propose expertise from international organizations to implement best practices in governance and economic management. The key actors around the table: government, diaspora community, private sector, civil society, and international community. 

"Pointing state aid at EU priorities", POLITICO Europe's Fair Play writes in today's newsletter about Philipp Jäger's new paper on "Utilising national subsidies for #EU industrial policy". 👆 Achieving the EU’s #IndustrialPolicy objectives requires large-scale public financial support, Jäger explains in his policy brief. Since EU-level funds are scarce at least in the short term, national state aid must be relied on to fill the gap. ❗ However, national state aid is currently not coherently directed at EU priorities, nor are the selection and disbursement mechanisms harmonised across member states, resulting in an ineffective and inefficient policy landscape. 🔎 The policy brief analyses the instruments the EU already has at its disposal to better align national state aid, and recommends new tools for addressing the gaps identified. You can read it in full here 👉 https://lnkd.in/eb2kBr9X #Industry #Subsidies #Funding #Policy #NewPaper

€15 billion in cohesion funds misused 💸 The European Court of Auditors' report underscores concerns about the EU's cohesion policy's future and efficiency. An independent study found that despite promoting regional economic growth, cohesion funds primarily benefit high-skilled, wealthier households, exacerbating intra-regional inequality. The study calls for reforms to ensure fairer distribution of EU support, advocating for policies that directly assist vulnerable populations rather than focusing solely on geographic areas. 🖋️ Report by Henrique Tizzot

The 2024 International Aid Transparency Initiative Index has recorded its highest ever scores – marking a continued improvement in aid transparency among the world’s major #aid and #development agencies. Released by Publish What You Fund, the Index found significant advancements in the quality, quantity and timeliness of aid data for most donors. Unfortunately the AGENCIA ESPAÑOLA DE COOPERACION INTERNACIONAL PARA EL DESARROLLO - AECID is performing "very poorly" while the Agence Française de Développement is only reaching a "fair" mark. There is still some progress to be made in #Europe to reach a full #transparency and #efficiency in the use of public funds, more important than ever in time of geopolitical #shocks, rising #climate events, high @debt and continuous #inflation. https://lnkd.in/dey_rKNB

The EU is a major industrial force and European products are renowned worldwide for their quality and tradition - But what drives this success ❓ The secret lies in a few quality ingredients:  🎓 Investment in education  🚧 Strong public infrastructure  🌐 An outward focus And…the EU’s best asset, a dynamic single market 📈 A vital part of this single market is the EU State aid policy 🏛 EU State aid rules keep the single market together and protect your tax money. They ensure public funds go where the market falls short, promote balanced growth across the EU, and prevent wasteful spending and subsidy races. EU Competition policy and its rules guarantee a fair and open EU single market where EU companies can thrive and build international competitiveness. Watch our animation to learn more about how EU Competition Policy helps the Single Market work for people 👇  https://lnkd.in/gVad-Bz3 #EUSingleMarket #EUStateAid #EUCompetition

Political Populism, An impediment to the quality of governance/public policies in Africa. Do lawmakers across the political divide know their duties and responsibilities? Do they understand that they are the voice of the voiceless, and state watchdogs? Do they understand that their role is legislating in Parliament, representing their riding and political parties, ideologies, and policies, and serving their constituents? Do the citizens understand that a capable Member of Parliament (MP) responds to the grievances of his/her constituents, represents the interests of the people, capable of proposing, debating, and voting on legislation? Can engage in committee work, and speak on matters of national, local, and international importance such as climate change, carbon taxes, global political economy, geopolitics, and local development initiatives. Do we have these calibers of MPs across the political divide, or there is a bunch of sleepiest, non-cooperative, and ideologically bankrupt individuals who are looking for food handouts and a career in politics?Lest engage https://lnkd.in/dy4zqZWA https://lnkd.in/dDZqyFGy

Did you know that investing in children yields a 10x return?🤔 A new report conducted by World Vision and EY has revealed that every $1 invested in child-related Official Development Assistance #ODA yields a staggering $10 return. Yet, only 3.3% of EU development aid directly targets children. The upcoming Multiannual Financial Framework #MFF is a pivotal chance for the EU to address this funding gap. The report by World Vision and EY ⤵️ https://lnkd.in/dYr6Ec-D

*📢 Speech by Commission Vice-President Margrethe Vestager 📢* On June 3, Margrethe Vestager, Vice-President of the European Commission and Commissioner for Competition, delivered a speech at the final high-level forum on state aid before the end of the term. She reviewed the state aid policies, highlighting their crucial role during recent crises and their impact on the EU's industrial policy. **Key Points of the Speech:** 1. **Response to Crises:** - **COVID-19 and War in Ukraine:** Vestager recalled the measures taken in response to these crises, including financial aid and the introduction of a temporary crisis and transition framework for state aid. - **European Competitiveness:** These aids were essential in maintaining European competitiveness and preserving the gains of the single market while combating unfair competition. 2. **Benefits of State Aid:** - **Economic Support:** Vestager emphasized that these economic measures helped the EU navigate crises without severe impact, supporting industries and citizens in each member state. - **Environmental Goals:** She highlighted the importance of state aid in achieving Green Deal objectives, particularly in accelerating the adoption of renewable energy. 3. **Competitiveness and Innovation:** - **Industrial Sector:** State aid plays a crucial role in ensuring optimal competitiveness of the European industrial sector. - **Research and Development:** They are essential for promoting innovation and supporting digital and environmental transitions. Vestager concluded by stressing the importance of state aid as a central tool in the EU's industrial and commercial policy, contributing to the continent's economic growth and resilience. **For more information:** [Full Speech by Margrethe Vestager](https://lnkd.in/gWxqnQ6x) #IndustrialPolicy #StateAid #EuropeanCompetitiveness #Innovation #GreenDeal #DigitalTransition #EU

Competitiveness will be one of the key topics to discuss in the coming five years in the EU. The energy sector is under pressure from the US and China. Interesting report from Letta.

Phase 6️⃣ of our #actionplan: Build European social resilience; support the implementation of international and EU policy frameworks; strengthen cross-sectoral synergies between decision makers, first responders and community actors across major EU initiatives; and more! 🤝