The Global Economic Governance (GEG) Africa programme is a policy research and stakeholder engagement programme to strengthen the influence of pro-poor African coalitions at global economic governance fora.

Regulatory Reform (25)

GEGAfrica Policy Briefing, May 2017
Monday, 20 February 2017 11:39

Transparency in Beneficial Ownership

Written by
GEGAfrica Discussion Paper, February 2017
Lesotho is facing challenges in financing its Queen Mamohato Hospital which costs USD$67 million a year and represents half of the country’s meagre health budget.
Dear Editors and Journalists,
GEGAfrica Policy Briefing, November 2016
In her spring statement on the International Monetary Fund’s (IMF’s) work program, Managing Director Christine Lagarde stated that “completing the 2010 quota and governance reform is essential to the Fund’s legitimacy and effectiveness.
The World Economic Forum’s global trade and FDI council report promoting a multilateral investment treaty continues to receive favourable reviews. Klaus Schwab, founding CEO of the WEF, sent us this message:
BACKGROUND RESEARCH PAPER submitted to the High Level Panel on the Post-2015 Development AgendaClick here to downlaod the paper.
SWP Research Paper 2013/RP 01, March 2013, 204 PagesEdited By: Hanns Günther Hilpert and Stormy-Annika MildnerClick here to download the PDF from the Stiftung Wissenschaft und Politik.SummaryDevelopments in the metals and minerals markets are creating great challenges for industries and governments. Prices have risen sharply over the past decade, with strong fluctuations. In many metal markets supply and demand are highly concentrated, with deposits localized in a handful of countries and production in the hands of just two or three companies. Increasingly frequent state intervention and speculative tendencies produce a situation where market mechanisms often fail to function satisfactorily.
While discussions around the 5th BRICS Summit in Durban were dominated by the creation of the BRICS Development Bank, another important decision was overlooked by many: The leaders of the BRICS decided  to create a U$ 100 billion Contingency Reserve Arrangement (CRA) to tackle any possible financial crisis in the emerging economies. Contrary to the Development Bank, the contingency fund requires far fewer political negotiations, and it can be expected to start operating quite soon. The countries need a year to pass the relevant legislation, but policy makers believe that they will be able to reach a final agreement when…
Stay a length of time in China, or study some Chinese, and you quickly learn the indispensable role proverbs and idioms play in the language. This certainly isn’t something unique to Chinese by any means, but it may be a key feature of the country’s policy-making processes you won’t see anywhere else.For over 30 years, the Communist Party of China could be said to have one overarching idiom — “crossing the river by feeling the stones” — that embodied its gradual and selective approach to economic reforms. With the 18th Party Congress and the composition of the top leaders finalized,…
Thursday, 21 February 2013 11:29

The World Economy After Davos

Written by
Two thousand five hundred participants, protected by 4000 Swiss troops, gathered in Davos in late January to chew the cud on all matters “global”. The mood reflected the clear blue sky above the snow-capped peaks. The chatter was mostly about Europe and the West, and less about the Rest. Gamely, we sloshed about in the snow and endured multiple security checks while commuting between events. And everyone was cheery at the farewell soirée on the “magic mountain”, the setting for Thomas Mann’s eponymous novel.Indeed, the prevailing mood was more upbeat than at anytime since the outbreak of the global financial…
One of the challenges faced by the Obama Administration has been to reconcile existing international organizations with shifts in global power. Growth in emerging markets and the slow resolution of the European debt crisis present different problems but suggest a unique linkage between them. The White House can overhaul global economic governance by supporting the demands of emerging markets for reforms in the IMF, provided that countries work more transparently and collaboratively. This bargain will strengthen the Fund in dealing with European governments and further ensure that it will continue to provide global public goods long into the future.
Monday, 18 February 2013 10:48

Economic Policy Reforms: Going for Growth 2013

Written by
Click here to access the publication from OECD.Executive SummaryGoing for Growth builds on OECD expertise on structural policy reforms and economic performance to provide policymakers with a set of concrete recommendations on reform areas identified as priorities for sustained growth.The OECD has identified reform recommendations to boost real incomes and employment through the Going for Growth analysis for each OECD country since 2005 and, more recently, for the BRIICS. This benchmarking exercise provides a tool for governments to reflect on policy reforms that affect their citizens’ long-term living standards.Since the 2009 Pittsburgh Summit, Going for Growth has contributed to the…
Abdullah Verachia, a Director at Fronteir Advisory, South Africa, is interviewed by the GEG Africa project ( on the role of India in the BRICS grouping.=======Since South Africa's accession to the BRICS group of emerging powers in 2011, there has been sustained interest in South Africa's role in the shifting dynamics of global economic governance. Given that South Africa will be hosting the BRICS Summit in 2013, this attention will only increase throughout the coming year.On 6th August 2012 the South African Institute of International Affairs and the Centre for Human Rights at the University of Pretoria convened a symposium…


Washington: The International Monetary Fund failed to meet a self-imposed Thursday deadline [31 January] for agreeing on a new formula to determine member countries' voting power that would give emerging economies greater say in the global financial institution. IMF member countries have wrangled for two years over specifics of the formula intended to reflect the rise of China, Brazil and other large emerging market economies. The IMF said it planned to finalize a formula by January 2014, when it next reviews the voting shares of member countries. An IMF statement on Thursday said there had been "important progress in identifying key elements that could form the basis for a final agreement on a new quota formula." "The board has had an enlightening series of discussions during the past year, and the membership is now in a good position to agree on an improved quota formula in the context of the…
African leaders need to put in place policies that seek to integrate smallholder farmers into already available market if the continent aims to achieve sustainable economic development, says the African Economic Research Consortium (AERC).Dr Innocent Matshe, Director of Training of the AERC says the integration needs not to be done in a commercial way, however, have to focus on developing a strategy that would promote the interest of smallholder farmers to market their products to facilitate as a link to the market and eventually grow as producers.“At our earlier stages of our development we had in place a lot of instruments to encourage producers within our country and economy to produce and to engage in socio-economic development in the country, we need same for smallholder farmers.“What we need to do is to put in place policy frameworks that encourage not only their participation but also their engagement at the wider…
Monday, 01 October 2012 12:09

Competitiveness, Protectionism, and the WTO

Written by
John Maynard Keynes’s ghost casts a shadow over the current financial crisis. His prescriptions for the Great Depression consisted essentially of sustained fiscal stimulus and protection from imports in order to retain that stimulus within the domestic market. They were badly suited to the economic crisis of the 1970s, which was characterised by inflation and stagnation with the former aggravated by Keynesian demand stimulus.That crisis generated two connected intellectual responses: Milton Friedman’s monetarist revolution; and Mancur Olson’s theory of special interest groups.
Click here to download the paper here, National Perspectives on Global Leadership (NPGL) Soundings Series No. 7: Los Cabos G20 Summit, June 2012 from the Centre for International Governance Innovation (CIGI) [English, PDF]Executive SummaryThe Centre for International Governance Innovation, in association with the Brookings Institute, has released the latest in their series of "National Perspectives on Global Leadership" (NPGL), on the 2012 G20 Summit.
SAIIA Research Report No 8, February 2011Download - English [.pdf] (776.64 kB)This study examines the impact of the financial crisis and of G20 reform on trade in financial services in the Southern African Development Community (SADC) region, focusing specifically on corporate, trade and project finance from the standpoint of the biggest banks in South Africa. The objective is to understand the effects, if any, on the SADC services negotiations, taking Botswana as a case study.
Click here to download the publication from the Centre for International Governance Innovation (CIGI). Author: Debra Steger Two high-level commissions — the Sutherland report in 2004, and the Warwick Commission report in 2007 — addressed the future of the World Trade Organization (WTO) and made proposals for incremental reform. This book goes further; it explains why institutional reform of the WTO is needed at this critical juncture in world history and provides innovative, practical proposals for modernizing the WTO to enable it to respond to the challenges of the twenty-first century. Contributors focus on five critical areas: transparency, decision- and rule-making…
Click here to download the briefing from the Centre for International Governance Innovation (CIGI). Author: Andrew F. CooperCIGI Policy Brief #1  In the inaugural policy brief in international governance, CIGI Associate Director Andrew F. Cooper provides reasons for expanding the G8 membership to include the B(R)ICSAM group of emerging economies. In it, he argues that this cluster of countries (Brazil, India, China, South Africa, ASEAN, and Mexico) coincides well with the so-called G5 "outreach" or "dialogue" countries that have been gradually, albeit unevenly, incorporated into the G8 summit process, and that the value of using the B(R)ICSAM term allows for…