What will happen to infrastructure financing in a post-COVID world?
As the Asian Infrastructure Investment Bank (AIIB) marks five years of operations, Bruegel Director Guntram Wolff will host President Jin Liqun to discuss how infrastructure financing is expected to shift in response to a post-COVID world.
The pandemic has exposed vulnerabilities and structural weaknesses in the global economy, but it also presents an opportunity to imagine, plan and build the infrastructure for tomorrow. AIIB’s analysis of infrastructure financing trends over the past five years shows that raising the quality of infrastructure, catalysing private finance and investing in tomorrow’s technology are among the most effective ways to trigger global economic recovery.
Jin Liqun, President, AIIB
Measures in major economies have protected companies from COVID-19 related insolvency, but have also protected weak firms. Nevertheless, support should remain as long as necessary, while cumbersome insolvency processes should be reformed for the long term.
The 2020 pandemic economic shock has led to reassessment of fiscal policy measures in 2018 and earlier, because of faulty measurement of unobserved output gaps and structural balances. The current period of suspension of EU fiscal rules should be used to design a better fiscal framework.
A recovery from the COVID-19 recession is underway though the suffering is far from over, especially for the most vulnerable. Inequality is both a consequence of the pandemic and a cause of its severity. Many countries need comprehensive policy change to address its worst effects.
Testimony before the European Parliament on the subject of euro area accession.
Analysing potential recovery spending and green investment through multiple dimensions.
It is time to rethink many of the basic principles of our economic model to mitigate the impacts of the COVID-19 pandemic.
To help finance the post-coronavirus recovery, the European Union is raising large amounts to pass on to its members. But absorption of EU funds is typically slow and some countries might struggle to spend what they can get, even if they will have broad freedom to design spending programmes. The focus should be on worthwhile spending, not just on absorbing EU funds.
Third day of Bruegel Annual Meetings.
The Annual Meetings are Bruegel's flagship event which gathers high-level speakers to discuss the economic topics that affect Europe and the world.
Meeting the fiscal demands of COVID-19 will require the European Union to borrow on capital markets more than ever, and for European pension funds and households to look more widely for ways to build their nest eggs safely. The EU should take the challenges of the pandemic and Brexit as a chance to get its financial infrastructure house in order.
How do we make the EU fit for future?
Testimony at the Committee on EU Policies of the Italian Chamber of Deputies.