Thread by @DanielaGabor

let's see if the pandemic has killed #WallStreetConsensus.

so far, so good - UN opening video talk about 'innovative financing solutions for development' post pandemic.

https://twitter.com/GlobalGoalsUN/status/1277568962381955072

Sri Mulyani Indrawati, Indonesian Min of Finance: pandemic attacking people, prosperity and partnerships (hello PPPs).
How are you going to finance with such rapidly increasing debt/GDP ratios?
if no 'fiscal space', MDBs critical

MDBs critical but not enough.
Either local currency markets or global finance, but many EMs discriminated as low financing costs for global finance translate into high EM financing costs.
Access and price critical.

1. Quality of spending matters
2. digital infrastructure matters
3. global financial architecture needs to change to accommodate coming balance of payment/banking crises.

Amina J. Mohammed, deputy SG of UN: 'we need a partnership with the financial sector'

Lagarde outspoken at UN event 'sisters, sorry not be with you...I really dislike these webinars'

Lagarde with a rallying cry for all of us 'when the going gets tough, the girls should get going'.
Next: intersectionality.

hear hear @MazzucatoM - finance is plenty, what we need (a) better conditionality from governments to ensure that SDG goals are achieved
(b) aligning with industrial policy for structural transformation.

Vera Songwe (UNECA): I am opposed to transfers that support safety nets as they keep Africa in poverty.
Give us money for productive stuff!
(well well)

Vera Songwe: reform international trading system by cutting out intermediaries that deprive poor countries like DRC from revenues on their commodity exports.
as in the financial markets, intermediation in trade has been painful for African countries. cc @crystalsimeoni