EU climate tax could benefit oil exporters. Le Monde

Original French version published in Le Monde, 11.07.2020. For a green coronavirus recovery, an effective global price on carbon remains as important as ever before. However, until governments can agree on the severity of the risk posed by climate change, a global tax on greenhouse gas emissions seems a remote prospect. Nonetheless, the “carbon border Read more about EU climate tax could benefit oil exporters. Le Monde[…]

A New Approach to Infrastructure Finance. Project Syndicate

Multilateral development banks and development finance institutions have rightly increased their efforts to mobilize private capital. This essay discusses how a shift toward early-stage equity investment in infrastructure, and engagement with strategic investment funds, could significantly strengthen their capacity on that front, and increase the likelihood of the world achieving the United Nations Sustainable Development Read more about A New Approach to Infrastructure Finance. Project Syndicate[…]

World Bank Working Paper on Oil Discovery and Macroeconomic Management

This paper analyses the evolution of fiscal and monetary variables in Ghana, from the discovery of oil in 2007 through to 2014. It documents the deterioration of fiscal and monetary discipline over this period, which resulted in a rebound of debt, a deterioration of the external balance, and a decrease in public investment. The paper Read more about World Bank Working Paper on Oil Discovery and Macroeconomic Management[…]

Infrastructure financing options: Bankable projects for private investors. Global Public Investor 2017

Governments the world over are struggling to finance essential infrastructure, including projects for clean energy and other green developments. For emerging markets, estimates of the infrastructure financing gap over the next decade range from $500bn to more than $1tn a year. At the same time, institutional investors, operating in a low-yield environment after the financial Read more about Infrastructure financing options: Bankable projects for private investors. Global Public Investor 2017[…]

World Bank Working Paper on Strategic Investment Funds

Over the past 15 years, the number of government-sponsored strategic investment funds has grown rapidly in countries at all income levels. This paper identifies some of the challenges that these funds face in their endeavor to achieve economic policy objectives while also securing commercial financial returns – the so-called double bottom line. Through a review of Read more about World Bank Working Paper on Strategic Investment Funds[…]