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Vera Songwe

Vera Songwe

Writing for PS since 2020
12 commentaries

Vera Songwe is Senior Adviser at the Bank for International Settlements’ Financial Stability Institute.

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  1. Developing Countries’ Liquidity Crisis Is Not Over
    diwan27_ LUIS TATOAFP via Getty Images_kenya green energy LUIS TATO/AFP via Getty Images

    Developing Countries’ Liquidity Crisis Is Not Over

    Apr 16, 2024 Ishac Diwan & Vera Songwe urge global policymakers to prevent mass insolvency and finance urgent climate projects.

  2. Developing Countries Need Debt Relief to Act on Climate Change
    songwe12_FADEL SENNAAFP via Getty Images_climate debt FADEL SENNA/AFP via Getty Images

    Developing Countries Need Debt Relief to Act on Climate Change

    Jan 24, 2024 Ishac Diwan & Vera Songwe propose a mechanism for freeing up the fiscal space low-income economies need to invest in green growth.

  3. Financing Our Survival
    ilango1_Getty Images_esg Getty Images

    Financing Our Survival

    Sep 22, 2023 Vera Songwe explains what it will take to mobilize capital for the net-zero transition worldwide.

  4. Fully Replenishing the Green Climate Fund
    songwe11_AFP via Getty Images_libyaflood AFP via Getty Images

    Fully Replenishing the Green Climate Fund

    Sep 19, 2023 Vera Songwe & Mahmoud Mohieldin urge advanced economies to help developing countries by ensuring that the GCF has the resources it needs.

  5. Financing Our Survival
    ilango1_Getty Images_esg Getty Images

    Financing Our Survival

    Sep 11, 2023 Vera Songwe explains what it will take to mobilize capital for the net-zero transition worldwide.

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  1. zizek30_Fatima ShbairGetty Images_gaza Fatima Shbair/Getty Images
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    Protests of Despair

    Slavoj Žižek sees the pro-Palestinian student demonstrations as a signal of a much deeper, widespread malaise.
  2. carstens5_Getty Images_finternet Getty Images
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    The Rise of the Finternet

    Agustín Carstens & Nandan Nilekani foresee a world in which cheap, secure, and near-instantaneous financial transactions are available to all.
  3. rodrik222_Kevin FrayerGetty Images_china solar panel Kevin Frayer/Getty Images
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    Don’t Fret About Green Subsidies

    Dani Rodrik sees no good argument against industrial policies that accelerate growth in decarbonization industries.
  4. gros186_Sean GallupGetty Images_euro Sean Gallup/Getty Images
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    Europe’s Geoeconomic Competitiveness Challenge

    Daniel Gros highlights the security risks raised by the prolonged decline of the EU’s relative economic power.
  5. op_ang1_retrorocketGetty Images_corruption retrorocket/Getty Images
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    How Exceptional Is China’s Crony-Capitalist Boom?

    Yuen Yuen Ang

    While both the American and Chinese Gilded Ages raised material standards of living for hundreds of millions of people, their endemic corruption produced radically unequal and unsustainable growth. Ultimately, both periods offer cautionary tales about unbridled crony capitalism, not models for blind emulation.

     explains how corruption both drove the country's GDP growth and sowed the seeds for its current economic problems.
  6. bp india election Photo by SAJJAD HUSSAIN/AFP via Getty Images
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    Will India’s Election Destroy Its Democracy?

    Since taking power in 2014, Prime Minister Narendra Modi and his ruling Bharatiya Janata Party have stoked Hindu nationalism, hollowed out India’s democracy, and overseen an economy that is probably performing far worse than official figures suggest. And yet Modi and the BJP are genuinely popular, making them likely – though not certain – to emerge victorious when the ongoing parliamentary election concludes in June.

  7. benami213_YEHUDA RAIZNERAFP via Getty Images_israelflag Yehuda Raizner/AFP via Getty Images
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    The Unbearable Lightness of Anti-Zionism

    Shlomo Ben-Ami warns that demonizing all Israelis will only make peace less likely – though that may be the point.
  8. alfredsdottir1_Getty Images_pay gap Getty Images
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    How to Close the Gender Wage Gap

    Lilja Dögg Alfreðsdóttir argues that Iceland’s experience lends further support to Nobel laureate economist Claudia Goldin’s research.
  9. brown107_Jeff J Mitchell - Pool Getty Images_covidvaccine Jeff J. Mitchell/Pool/Getty Images
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    Getting the Pandemic Treaty Across the Finish Line

    Gordon Brown hopes negotiations will conclude this month, and pushes back on a last-minute wave of misinformation.

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