By Jason Gagnon, Head of Unit, Migration and Skills, OECD Development Centre & Jens Hesemann, Senior Policy Advisor, OECD Development Co-operation Directorate/GPP, Crisis and Fragility Team
There are over 100 million forcibly displaced people in the world today – more than ever before. Armed conflicts, like the one in Ukraine, continue to drive more people away from their homes, with most displaced people remaining in limbo for a long time. Low- and middle- income countries (LMICs) host over 80% of the world’s refugees and IDPs. With the right policies in host countries and supportive development co-operation, there is an opportunity to achieve pragmatic interim solutions for the displaced. This can be a win-win for the host communities and displaced populations alike, where socio-economic integration yields multiple benefits.
Continue reading “The potential of social protection for forcibly displaced people”
By Rabah Arezki, Former Chief Economist and Vice President at the African Development Bank, Former Chief Economist of the World Bank’s Middle East and North Africa Region and Senior Fellow at Harvard Kennedy School & Mahmoud Mohieldin UN Special Envoy for Financing the 2030 Sustainable Development Agenda.
The world’s breadbasket is being wrecked by war. Ukraine and Russia account for 30% of global wheat and barley exports and are leading exporters of other grains. The two countries are also the source of nearly 70% of the world’s sunflower oil exports, while Russia accounts for 13% of all crude petroleum exports. As the conflict in Ukraine rages and sanctions on Russia escalate, food and energy prices – which were rising even before Russia invaded Ukraine – are spiking in countries far away from the front lines, with devastating implications for the world’s most vulnerable communities.
Continue reading “Preventing developing economy debt disasters”
By Dr. Harry Verhoeven, Senior Research Scholar at the Centre on Global Energy Policy, Columbia University
Discussions about climate are, always, discussions about distribution- of costs, benefits and sacrifices. For years now, the grand bargain required to ward off the existential threat of human-induced global warming has been clear. Rich, developed economies need to swiftly and comprehensively decarbonise their energy and industrial systems in ways that both mitigate the intensity of climatic changes and that enable the planet’s poorest societies to follow a cleaner, more equitable growth trajectory. Doing so would generate time, resources and appropriate technologies for those currently marginalised in the global economy to respond more effectively to climatic upheaval. Understood as such, combating climatic changes should also help address those other mega-problems challenging 21st century civilisation: multidimensional poverty; yawning inequalities between and within countries; and the structural exclusion of hundreds of millions of people from access to public goods to which they are ethically and legally entitled.
Continue reading “Collateral damage? The Russia-Ukraine conflict and energy transitions in Least Developed Countries”
By Haje Schütte, Senior Counsellor and Head, Financing for Sustainable Development Division, Development Co-operation Directorate, OECD
In the first week of the Ukraine war, roughly 6,000 people crossed the border into neighbouring countries every hour. This sort of displacement is unprecedented in modern day Europe. At the time of writing, two thirds of Ukraine’s refugees, mostly women and children, are hosted by Poland, Hungary and the Slovak Republic.
Continue reading “Support to Ukrainian refugees and official development assistance”
By Fahmida Khatun, Executive Director at the Centre for Policy Dialogue (CPD)
Since the war between Russia and Ukraine began on February 24, 2022, the global economy has entered a new terrain of uncertainty. The war-induced challenges have surfaced on various fronts. With global economic integration, a crisis of such nature, which involves a country like Russia, is bound to impact other economies.
Continue reading “What the Russia-Ukraine war means for Bangladesh’s economy”