The Global Economic Governance (GEG) Africa programme engages with key stakeholders, to ensure that African views are included in our research and that our findings are widely disseminated and discussed. Our events include scoping workshops with African policy makers, business representatives and multilateral institutions, study groups to consult on policy recommendations and positions and representation, and media activities around GEG fora such as BRICS and G20 summits.
Energy transitions is one of the 11 work streams of the G20, with the transition to cleaner, more flexible and transparent energy systems a priority. The working group promotes the strengthening of energy efficiency and renewables, energy access, reducing inefficient fossil fuel subsidies, energy data transparency and market digitalisation.
Policymakers and practitioners, international institutions and leading academics discussed key policy issues regarding product market competition and regulation and growth. Topics included: How and why has product market competition, overall and in key sectors, changed since the 1990s? What are the consequences for productivity growth, innovation and income distribution? What are the implications for competition policy and market regulation?
The group previously met in February, where discussions focused on how technology could advance sustainable investment. Three research topics were agreed for 2018: securitisation of sustainable assets, development of sustainable private equity/venture capital, and digital innovations for mobilising sustainable finance. Continuing its work from the first meeting, the Study Group will produce the 2018 G20 Sustainable Finance Synthesis Report and submit it to the G20 Finance Ministers and Central Bank Governors Meeting in July and G20 Leaders’ Summit in November.
According to Laurence Carter, Senior Director for Infrastructure, PPPs and Guarantees of the World Bank, said: “Infrastructure hits the sweet spot for economic growth, jobs and addressing inequality.” This followed the agreement at the First G20 Meeting of Finance Ministers and Central Bank Governors in March in Buenos Aires to promote conditions needed to help develop infrastructure as an asset class that is attractive to private investors.
The meeting follows the forum’s first meeting of the year, which was held in March, in Paris. At that gathering, discussions focused on exchanging and reviewing information, with a longer-term view to find consensus on the process and timeline for the removal of market distorting subsidies and similar support.
The BTTC meeting was held under the theme “Envisioning inclusive development through a socially responsive economy”. It was held alongside the Academic Forum. The gathering looked at ways of solving urgent socio-economic challenges, such as water scarcity and literacy statistics, many of which were seen as symptoms of much broader issues and the result of far-reaching challenges such as climate change, inequality, economic prosperity and education.
The Ministerial Council Meeting was opened by French President Emmanuel Macron and OECD Secretary-General Angel Gurría. Countries were urged to work harder to ensure that multilateral co-operation effectively addressed today’s global challenges. The meeting discussed co-operation in promoting inclusive growth, fostering international trade, advancing co-operation on taxation and climate change, responding to the impact of digitalisation and new technologies, and ensuring the financing of the Sustainable Development Goals. The theme “Reshaping the foundations of multilateralism for more responsible, effective and inclusive outcomes”, looked at ways to ensure multilateralism better served the needs of those who had missed the benefits of globalisation.
The G20 established its Data Gaps initiative following the global financial crisis of 2008. It is the responsibility of the G20 Finance Track, with the goal of improving the availability and comparability of economic and financial data. This meeting comes after international experts in the field met in Buenos Aires in January to gather recommendations for the data collection agencies of G20 members.
GEG Africa organised a multi-stakeholder study group meeting on “GVCS, SMES and Sustainability Standards”.
The purpose of the conference was to share experiences and latest research on the contribution that financial, monetary and macroeconomic policy could make towards regional integration, resilience and development, in today’s challenging global context. The focus is particularly on the use of innovative new institutions and mechanisms emerging in Africa, Asia and Latin America.
On 1 February 2017, a high-level conference on Africa’s relationship with the Group of 20 (G20) was opened by the German Parliamentary State Secretary Thomas Silberhorn, who spoke on the key priorities of the German G20 Presidency. A dinner keynote that evening will be delivered by Deputy Governor Daniel Mminele of the South African Reserve Bank.
Workshop: Making SACU Trade Better - The Role of a Regional Development Fund brought together various stakeholders from international and local spheres to discuss SACU trade.
The workshop brought together various international and domestic stakeholders to discuss the issues surrounding e-commerce in Africa.
A Study Group on Beneficial Ownership, co-hosted by GEG Africa and the South African Department of Public Service and Administration, brought together various stakeholders from international and local spheres to discuss the issues surrounding transparency in beneficial ownership.
E-commerce has evolved the global trade landscape, opening up trade to online platforms and extending the reach to a larger connected global market. On 26 October 2016, GEG Africa hosted a study group, reaching out to key stakeholders involved in e-commerce trade and regulation. The discussions will enhance the recommendations in our upcoming Discussion Paper and Policy Brief.
On 24 August 2016, the GEG Africa programme held a Study Group event titled: 'Multilateral Development Banks (MDBs), Development Finance Institutions (DFIs), Sustainable Development Goals (SDGs) and Infrastructure Financing in Africa: Challenges and Opportunities for Impact.'
On 16 July 2016, the GEG Africa programme hosted a illicit financial flows (IFFs) scoping workshop on 'Achieving Sustainable Development Goals to significantly reduce IFFs: Developing the GEG Africa 3-year programme.' The event was held in partnership with the Global Tax Policy Centre at the University of Vienna.
GEG Africa’s outreach event in Lusaka, titled ‘BRICS, G20 and Africa’, was co-hosted with the National Treasury of South Africa, and led by Deputy Minister of Finance, Mr Mcebisi Jonas.
The GEGAfrica project has been funded by UK aid from the UK government; however the views expressed do not necessarily reflect the UK government’s official policies.