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Vera Songwe

Vera Songwe

Writing for PS since 2020
16 commentaries

Vera Songwe, Founder and Chair of the Liquidity and Sustainability Facility, is Senior Adviser at the Bank for International Settlements’ Financial Stability Institute, and Co-Chair of the Group of Experts to the G20 Taskforce for a Global Mobilization Against Climate Change.

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  1. A Triple Fiscal Crisis Is Jeopardizing Climate Action
    songwe16_Getty Images Getty Images

    A Triple Fiscal Crisis Is Jeopardizing Climate Action

    Dec 16, 2024 Vera Songwe & Guido Schmidt-Traub urge global policymakers to provide low-income countries with the resources to invest in sustainable growth.

  2. What the G20 Can Do for Green Growth
    terzi6_green transition degrowth Getty Images

    What the G20 Can Do for Green Growth

    Oct 23, 2024 Mariana Mazzucato & Vera Songwe explain how the world’s premier economic grouping can keep global climate targets on track.

  3. Curbing Debt-Fueled Unrest in Emerging Markets
    songwe14_ TONY KARUMBAAFP via Getty Images_kenya debt protest TONY KARUMBA/AFP via Getty Images

    Curbing Debt-Fueled Unrest in Emerging Markets

    Aug 14, 2024 Vera Songwe & Ishac Diwan propose a strategy for stabilizing economies that have become illiquid but are not insolvent.

  4. A New Dawn for US-African Cooperation?
    songwe13_Anna MoneymakerGetty Images_rutobiden Anna Moneymaker/Getty Images

    A New Dawn for US-African Cooperation?

    May 28, 2024 Vera Songwe identifies three ways that the United States can ultimately help itself by helping the continent.

  5. Developing Countries’ Liquidity Crisis Is Not Over
    diwan27_ LUIS TATOAFP via Getty Images_kenya green energy LUIS TATO/AFP via Getty Images

    Developing Countries’ Liquidity Crisis Is Not Over

    Apr 16, 2024 Ishac Diwan & Vera Songwe urge global policymakers to prevent mass insolvency and finance urgent climate projects.

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  1. chatoux1_Dilok KlaisatapornGetty Images_carbonremoval Dilok Klaisataporn/Getty Images

    How the EU Can Scale Up Carbon Removal

    Ludovic Chatoux & Sophia Escheu urge European policymakers to use regulation to increase investment in this crucial green technology.
  2. bildt130_Andrew Caballero-ReynoldsGettyImages_syria_pedersen_un Andrew Caballero-Reynolds/Getty Images

    The Way Forward in Syria

    Carl Bildt

    Governing Syria has never been a simple affair, given the country’s complex cultural, ethnic, and religious composition. The best chance the country has following the ouster of Bashar al-Assad is to follow the roadmap that the United Nations adopted in 2015.

    urges all parties involved to support the political roadmap that the United Nations adopted in 2015.
  3. alvarado1_Marcos PinGettyImages_ecuador_crime_scene Marcos Pin/Getty Images

    Crime Is Punishing Latin America’s Economies

    Nathalie Alvarado & Ana María Ibáñez explain how the problem acts as a tax on development – one that the region can no longer afford to pay.
  4. palacio164_GREG BAKERAFP via Getty Images_xichinesedream Greg Baker/AFP via Getty Images

    China’s New Social Contract

    Ana Palacio highlights a fundamental shift in priorities brought about by slowing growth and changing public expectations.
  5. haass175_Citizens of the PlanetGettyImages_oil_rig_solar_panels

    The Energy Transition That Couldn’t

    Richard Haass & Carolyn Kissane

    Dominant intellectual frameworks persist until their limitations in describing reality become undeniable, paving the way for a new paradigm. The idea that the world can and will replace fossil fuels with renewables has reached that point.

    argue that replacing fossil fuels with renewables is an idea that has exhausted its utility.
  6. frankel167_erhui1979Getty Images_dollarfalling erhui1979/Getty Images

    Can Trump’s Tariff Threats Save Dollar Hegemony?

    Jeffrey Frankel warns that the US president-elect’s reckless rhetoric could undermine his stated objectives.
  7. gros192_The Washington PostGettyImages_us_plant_construction The Washington Post/Getty Images

    Can Industrial Policy Revive Manufacturing?

    Daniel Gros shows that Joe Biden’s subsidies failed to boost industrial production – and Donald Trump’s tariffs will, too.
  8. cabreraleal1_LUIS ACOSTAAFP via Getty Images_colombiamining Luis Acosta/AFP via Getty Images
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    Responsible Mining Can Advance Global Environmental Goals

    Mauricio Cabrera Leal urges global policymakers to establish mechanisms that promote ethical resource extraction.
  9. boehm1_Alona HorkovaGetty Images_moneytransfer Alona Horkova/Getty Images

    The Missing Monetary-Policy Tool

    Johannes Boehm & Xavier Jaravel think that central banks should be prepared to carry out direct transfers to households as a last resort.

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