While the World Bank's International Finance Corporation (IFC) says the investments create jobs and reduce poverty, critics contend they harm the environment and concentrate profits into the hands of a small few.
Thanawat Tiensin and Agnes Kalibata
and Martin Cole –
Experts say the pandemic will unleash a food security crisis not seen since the Great Recession. As we learned during the 2008-09 Great Recession, governments – with the support of financial institutions, the United Nations, and others – can mitigate the risk of global food shortages and high prices.
Frank Bainimarama and Andrew Holness –
Small island states such as Fiji and Jamaica are using innovative approaches to tackle the existential threat posed by climate change. Developed countries must do more to help them and other islands—including by leading the global effort to mobilise climate finance.
With official development assistance under strain, achieving the Sustainable Development Goals will require developing countries to rely increasingly on their own resources. To that end, they should implement strong institutional constraints on executive authority.