david_mcnair Profile picture
Apr 27, 2023 6 tweets 5 min read Read on X
I just spoke (and listened) at #DevEngage2023 conference.

A gathering of bright, thoughtful people grappling with the big questions:

#justice

#fairness

And how to build bonds of #trust between the public in rich and poor countries..

Here are five things I learnt.

A 🧵 Image
1️⃣ THE RIGHT THING ✅

👉🏿Talking to the public about supporting aid and development only really works when they feed it’s the right thing to do.

👉🏿Making a foreign policy or a trade argument doesn’t.

#DevEngage2023 Image
2️⃣ TRUST ⛓

👉🏿The public don’t often believe that institutions are going to be able to change things.

👉🏿A charity mindset of helping people isn’t empowering. Better to build bonds of solidarity and learning between people.

#DevEngage2023 Image
3️⃣ EYE BALLS 👀

👉🏿The average person sees 10,000 adverts a day.

👉🏿We are in a cut throat race with everyone for what might be the most valuable commodity of all: people’s attention.

👉🏿We need to start with what people care about and build bonds of solidarity.

#DevEngage2023 Image
4️⃣ THEATRES OF CONTINUITY

#Church used to be a place of continuity.

Prayers for the local and the global in one breath.

In a secular society how do we find those spaces?

And how do we engage with young people who are more open than adults?

#DevEngage2023 Image
5️⃣ GATEWAY DRUG

#Aid is so often the start and the end of the public conversation.

How can it become a gateway drug to deeper reforms that are about a fair coexistence of people and planet.

#DevEngage2023 Image

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More from @David_McNair

Apr 18
SHOCKING STAT

🔥Last year money flows to developing countries turned negative.🔥

💵$50bn dollars a year is now flowing 🔥OUT OF🔥 the poorest and most vulnerable countries.💵

What’s going on and how can @WorldBank and @IMFnews fix it?

🧵

#SpringMeetings #WBGMeetings Image
Finance Ministers gather in Washington DC this week.

⛅️🌦️Cue weather analogies to lament the state of the global economy. 🌤️🌥️

🚨Here is the flashing red light on the dashboard that they should focus on. 🏮



#SpringMeetings #WBGMeetings
New analysis from @ONECampaign shows that for the first time since the financial crisis

Net finance flows turned negative

From a 2014 peak of US$225 billion

To US$51 billion in 2022

And will fall by another US$100 billion in 23/24



#SpringMeetings data.one.org/data-dives/net…
Image
Read 24 tweets
Sep 1, 2023
Imagine finding out that you were paying 5️⃣0️⃣0️⃣% of what you could be paying for your mortgage?

This is what is happening to African Countries.

It’s fueling a hunger, debt, and cost of living crisis.

And it’s holding back solutions to #climatechange #ACS23

A🧵 Image
Half of humanity live in countries that spend more on debt interest payments than on health or education.

But what’s really going on here?

At @onecampaign we crunched the numbers and found that the African debt crisis isn’t what it seems. Image
60% of African countries are in or a risk of debt distress.

The logical conclusion is that they took on too *much* debt.

Then you look at Debt to GDP Ratios.

Japan: 266%
US: 128%
France: 98%
UK: 80%

Africa (average): 64%

worldpopulationreview.com/country-rankin…
Read 10 tweets
Jul 23, 2023
This was not a good week for those facing hunger.

Most of the news is focusing on Russia.

But there’s more

A 🧵 Image
This weekend Russia has been bombing grain facilities in the Black Sea port of Odessa.

Earlier Russia pulled out of the Black Sea Grain Deal.

Why does this matter?

msn.com/en-us/news/wor…
Last year the war saw global grain prices shoot up.

Russia and Ukraine comprise a third of the world’s wheat exports most of which is exported through Black Sea Ports. 🌾 Image
Read 16 tweets
Jul 12, 2023
Next week @G20org Finance Ministers will discuss a new land-mark report.

If they act, it could transform the fortunes of millions of people.

It’s not public yet, but I’ve seen a leak and it’s very good.

Here are three reflections from having seen it.

A 🧵
1⃣ A GROWING REALIZATION

More and more of the world’s leading finance experts have recognised that climate change demands a very different way of thinking about economics.

So called ‘Bidenomics’ brings back industrial strategy, this time with a shade of green.
The US Inflation Reduction Act will likely invest $100bn a year over the next seven years in green infrastructure in the US.

Read 26 tweets
Jun 22, 2023
This week Presidents and Prime Ministers met in #Paris and #London.

Motivated by international solidarity with #Ukraine and with the Global South

This is a tale of two Summits with similar narratives

And very different outcomes.

A 🧵

#URC2023 #NewGlobalFinancingPact
The London Ukraine Recovery Conference was remarkably up beat. #URC2023

#Ukraine is the breadbasket of the world, a top exporter of iron and steel, a leader in energy, and a hub for tech startups​.

#NewGlobalFinancingPact
Economic opportunity remains intact, and the conflict has actually underscored Ukraine's potential​ and the resilience of its people.

#NewGlobalFinancingPact

Read 33 tweets
Apr 27, 2023
Remember the Sustainable Development Goals?

Written in a different era.

One of optimism and ambition.

Half way through they are not in rude health 🏥

A 🧵

#DevEngage2023 Image
The UN SG's “Progress towards the Sustainable Development Goals: released this week makes for grim reading.

On current trends, 575 million people will still be living in extreme poverty in 2030. 📈

Hunger has increased and is back at 2005 levels. 📈 🥗🌯

#DevEngage2023
Only about one third of countries will meet the target to halve national poverty levels. 📉

It will take 286 years to close gender gaps in legal protection and remove discriminatory laws. 👩‍🧑🏿‍⚖️⚖️

#DevEngage2023
Read 7 tweets

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