The G20 has for two decades played a leading role addressing risks and challenges to the global financial architecture and in innovating new structures in response. Today the world suffers from a series of interlinked crises. To address these challenges, this Policy Brief recommends that, at its India summit, the G20 leverage its track record of geo-economic leadership by taking concrete, initial steps to develop Global Public Investment: a new paradigm of international public finance that has the potential to meet 21st -century needs in climate, health, and other global, common challenges. Global Public Investment is a parallel arrangement to Official Development Assistance (ODA) in which all countries, not just donor countries, contribute and participate in priority setting and governance and in which all countries stand to benefit. This brief outlines how such a system could work and the G20’s potential role in initiating such an arrangement.
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