Although important, financial aid will not achieve the sustainable eradication of poverty and inequality or sustainable inclusive growth. For this to happen, the Global South needs to “grow out” of poverty, which requires context-specific and tailor-made development programs, better access to finance, and access to jobs. This policy brief describes how to implement programs with evidence of success and specification of the needed support from the Group of Seven.
This policy brief is a combination of nine policy briefs by the different authors. They were combined in one unified policy brief by co-chair of Task One, Abla Abdel-Latif, Executive Director and Director of Research, Egyptian Center for Economic Studies (ECES).The editing of the combined policy brief was done by Rama Said, Senior Economist and André Michel, Editor both at The Egyptian Center for Economic Studies (ECES); with the help of co-authors of the policy brief: Daniel Suryadarma, Asian Development Bank Institute and Adeel Kadri, Senior Researcher, Manzil Pakistan.The authors are listed in alphabetical order by their first name. Each contributed to challenges, proposals, and support from the G7 sections relevant to their area indicated in the following symbols: tailor-made development programs (TDP), innovative access to finance (IAF), and improved access to jobs (IAJ).