As the COVID-19 pandemic threatens to set back development progress for a generation, it is clearer than ever that serious structural changes are needed to safeguard communities around the world, and the planet itself. We still haven’t worked out how to provide public goods and services effectively and fairly across the world. That’s why I wish the Expert Working Group on Global Public Investment the very best in their deliberations. The Global Public Investment approach is our best bet for modernising international public finance for the 21st century.
The concept of Global Public Investment (GPI) is being developed to make the case that international public finance has a critical role to play in tackling the climate emergency, preparing for the next pandemic, and financing the Sustainable Development Goals. We need a concrete system of meeting our global ambitions through long-term, reliable investment in the goods, capital and infrastructure they require.
Learn MoreThe world can no longer be seen as a patchwork of countries, but as a global community working towards common goals. From the objectives to the practices of development cooperation, this book presents the key areas of debate and the types of creative thinking needed in the future. [The GPI approach] is an invitation to the development community to re-imagine itself by questioning some strongly held beliefs about international cooperation. The world has changed from how it was seen at the beginning of this century. This is a must-read for anyone interested in a new international response to global problems.
GPI is an exciting new concept in which public funds are a proactive and long-term investment in the common endeavour of development.
Covid-19 threatens to plunge millions of people back into poverty. We need unprecedented ambition to respond to this extraordinary crisis, and to other challenges such as climate change. [The GPI approach] sets out one part of the answer.
Today’s world is very different from that in which international aid was created. New international powers have emerged, the range of official and private providers has enlarged, and new and more complex issues threaten our future progress and wellbeing. In accordance, we are obliged to go beyond aid and transit to a more ambitious and inclusive system of public collective action at the international level. GPI draws up some of the required components of this alternative approach.
Aid is obsolete. But, in an era of pandemic, climate change and rising inequality effective international cooperation is an existential issue for humanity. [GPI] lays out both a new paradigm and a practical agenda for international public financing to achieve social justice and sustainability. The arguments are radical but feasible – a ‘must read’ for anyone interested in global development.
The world needs to build back better following the unprecedented Covid-19 crisis. This will require an extraordinary amount of resources in all countries. [The] innovative concept of GPI offers the best opportunity to date to succeed in this vital effort.
Experts and practitioners from around the world have been developing the concept that has become known as Global Public Investment (GPI) for over a decade, building on a long tradition of critique...
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Our objective is to deliver a technically sound and politically attractive action plan for GPI which will garner support across the globe and in various sectors.
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Cocreation has always been at the heart of the Global Public Investment (GPI) approach, from defining the problem that it seeks to address, to the principles that it sets out as a solution...
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