Development policy

The spread of the coronavirus is confronting the world with enormous challenges. The same has been true for years for the climate crisis. The first outlines of what lies ahead for the global South and development cooperation can vaguely be seen.

Three development economists were joint recipients of the 2019 Nobel Prize for Economics. Their approach and research methods are controversial, however.

According to the UN, there's a funding gap of 2,500 billion $ per year to achieve the SDGs by 2030. Raising this money will require private sector involvement – this is the current political consensus. Switzerland's financial centre positions itself.

By providing large-scale loans and consultancy services, the World Bank exerts enormous influence on international development policy. Switzerland too is now being asked to participate in capital increases.