TF9 - International Finance COVID-19: HOW CAN THE G20 ADDRESS DEBT DISTRESS IN SSA? ABSTRACT Since the pandemic began, the debt situation in Sub-Saharan Africa (SSA) has been further exacerbated as the pandemic has constrained the ability of many countries to mobilise revenues; it has [...]

TF9 - International Finance A WORLD RECOVERY FUND TO OVERCOME DEVELOPING COUNTRIES’ POST-COVID DEBT WOES? ABSTRACT Throughout 2020, the Covid-19 pandemic caused massive human and economic casualties. The pandemic has been a major blow for developing countries, especially low-income countries, from many perspectives. These countries [...]

TF9 - International Finance COUNTERCYCLICAL SOVEREIGN FINANCING MECHANISM FOR EM ECONOMIES’ POST-COVID-19 RECOVERY: OPPORTUNITIES FOR MULTILATERAL ACTION BY THE G20 ABSTRACT As they fight the Covid-19 pandemic, countries across the world are pushed to spend big to weather the crisis. Due to their limited fiscal [...]

TF9 - International Finance THE EMERGENCE OF NEW MONIES AND THE NEED TO PREPARE THE FINANCIAL SYSTEM FOR THE DIGITAL AGE ABSTRACT Digitalisation is a revolution in the world of money and payments. Technological and social transformations are disrupting the status quo. Central Banks have [...]

TF9 - International Finance ENSURING ESG IMPACT: FOUR ACTIONABLE RECOMMENDATIONS FOR A DEPENDABLE PATH ABSTRACT With Environmental, Social and Governance (ESG) investing becoming mainstream, it is urgent to develop a standardised set of information that investors and companies can use in their decision-making process. Information [...]

TF9 - International Finance INTERNATIONAL STANDARDS AND THE ROLE OF CENTRAL BANKS IN GLOBAL FINANCIAL GOVERNANCE ABSTRACT The formal arrangements for the governance of international monetary and financial crises have remained reasonably stable over the past 40 years, but the identity of the leading actors, [...]

TF9 - International Finance POLICIES FOR MANAGING A WAVE OF SOVEREIGN DEBT CRISES ABSTRACT The international financial architecture is not well equipped to deal with a situation in which many countries default at the same time as a result of an exogenous shock. If all [...]

TF9 - International Finance EXITING THE COVID GLOBAL RECESSION: POLICY PROPOSALS ABSTRACT This policy brief warns about the risks of discontinuation of the policy responses to the COVID crisis by pursuing exit strategies too early and/or too sharply. It outlines a comprehensive strategy for limiting [...]

TF9 - International Finance ADDRESSING GOVERNANCE IN THE TOKEN ECONOMY ABSTRACT The Token Economy presents revolutionary digital solutions to the traceability and certification of sequential transactions. Beyond financial markets, tokenisation has the potential to multiply all types of transaction exponentially and to develop customised investment [...]

TF9 - International Finance MITIGATING AND MANAGING THE EFFECTS OF CLIMATE CHANGE ON MACROFINANCIAL STABILITY AND SOVEREIGN RISK ABSTRACT Climate change can negatively affect macrofinancial stability and amplify sovereign risk. By raising the cost of sovereign borrowing for climate-vulnerable countries, it limits the fiscal space [...]