While G7 leaders argue that they "aim for a step change" in their approach to infrastructure financing, a market-led approach is still at the heart of the G7’s plan to "build back better" for the world. In the following blog, María José Romero, Farwa Sial and Flora Sonkin analyse the proposals, the risks and an alternative way of thinking about infrastructure.
Farwa is a political economist and joined Eurodad in January 2021 as Senior Policy and Advocacy Officer - Development Finance. She works on publicly funded development finance, with a focus on development finance flows to the private sector in developing countries and the role of Development Finance Institutions (DFIs). Before joining Eurodad, she worked as an academic lecturer and international development consultant in the UK focusing on political economy issues rooted in heterodox and pluralist economics. She is an honorary research fellow at the Global Development Institute at the University of Manchester and a steering group member of Diversifying and Decolonising Economics (D-econ). In addition to development finance, her research interests and on-going publications also cover the evolution of capitalism in developing countries, specifically in relation to corporate transformations, the role of industrial policy and changing technology. Farwa holds a PhD in Development Studies from the School of Oriental and African Studies (SOAS). She is based in London and Brussels.