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macroeconomics to tangible impacts on consumers worldwide: The government of Egypt was one of many that saw itself forced to set fixed prices for bread following dramatic price increases for staple foods and commodities. But as our guest author Kurt Bayer, an economist with first-hand insights into global developments as a former board member of the World Bank and the European Bank for Reconstruction and Development, writes the problems with the delivery of the SDGs predate the current challenges: “Failure to achieve the targets does not call forth sanctions.” (see page 8) This only increases the importance of the work of international institutions dedicated to financing global development. Together big players
such as the World Bank and nimble actors such as the OPEC Fund all form a giant network which can serve as a global safety net. It is far from perfect and it has too many and too big gaps, but it does indeed serve this purpose. As our examination shows, multilateral institutions are more and more in the lead when it comes to the delivery of sustainable development. Given this and other emerging tasks, these global players will need strengthening to sustain this effort. But that is a topic for a separate conversation to which we will turn in a future edition.
Big players such as the World Bank and nimble actors such as the OPEC Fund all form a giant network which can serve as a global safety net.
We wish you an interesting read.
Axel Reiserer, Editor
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