In recent years, better delivery in development has been at the center of development discourse. There is now wide agreement that today’s development challenges demand effective solutions that fully integrate the aspirations, voices, needs, and support of citizens. But how can the...

The 2008 financial crises strongly challenged the European Union, a threat which was even reinforced by the 2010 sovereign credit crisis. Initially, its member states responded to the crisis in an ad hoc and uncoordinated manner. As the crisis persisted, it became clear that the individual...

This paper seeks to shed light on a notion that is often considered essential in conferring global regulatory authority, but is rarely defined in contemporary scholarship on global governance: the notion of legitimacy. The authors center their analysis on the value of democracy as one of the...

The financial crisis that hit the world in 2008 exposed the fragility and weaknesses of our global financial system. It has triggered a global response: world leaders – for the most part in the framework of the revitalised G20 – have held several meetings to discuss and agree on a global...

The international financial crisis which broke out in 2008 has had a major impact on fiscal sustainability of countries all over the world. Countries have responded to the global recession with varying measures. However, various initiatives regarding fiscal policy have been taken at the global...

This article examines the principles of accountability applied by the European Investment Bank in comparison with the practices of other Multilateral Lending Institutions. After a brief description of the EIB and its activities, the substantive and procedural principles governing the EIB's...

This contribution critically analyses the recent developments in the relationship between the G20 and the OECD. The OECD has been one of the key economic institutions ever since its establishment. Recently however, its limited membership and the engagement of other international organizations in...

In 2010, relations between the European Union (EU) and China reached their 35-year anniversary. Although initially centred primarily on economic cooperation, China's rapid industrialisation meant that over time this development placed increasing pressure on the environment. Keen to sustain this...