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Vera Songwe

Vera Songwe

Writing for PS since 2020
16 commentaries

Vera Songwe, Founder and Chair of the Liquidity and Sustainability Facility, is Senior Adviser at the Bank for International Settlements’ Financial Stability Institute, and Co-Chair of the Group of Experts to the G20 Taskforce for a Global Mobilization Against Climate Change.

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  1. A Triple Fiscal Crisis Is Jeopardizing Climate Action
    songwe16_Getty Images Getty Images

    A Triple Fiscal Crisis Is Jeopardizing Climate Action

    Dec 16, 2024 Vera Songwe & Guido Schmidt-Traub urge global policymakers to provide low-income countries with the resources to invest in sustainable growth.

  2. What the G20 Can Do for Green Growth
    terzi6_green transition degrowth Getty Images

    What the G20 Can Do for Green Growth

    Oct 23, 2024 Mariana Mazzucato & Vera Songwe explain how the world’s premier economic grouping can keep global climate targets on track.

  3. Curbing Debt-Fueled Unrest in Emerging Markets
    songwe14_ TONY KARUMBAAFP via Getty Images_kenya debt protest TONY KARUMBA/AFP via Getty Images

    Curbing Debt-Fueled Unrest in Emerging Markets

    Aug 14, 2024 Vera Songwe & Ishac Diwan propose a strategy for stabilizing economies that have become illiquid but are not insolvent.

  4. A New Dawn for US-African Cooperation?
    songwe13_Anna MoneymakerGetty Images_rutobiden Anna Moneymaker/Getty Images

    A New Dawn for US-African Cooperation?

    May 28, 2024 Vera Songwe identifies three ways that the United States can ultimately help itself by helping the continent.

  5. 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.

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  1. rodrik231_Andrej IvanovGettyImages_us_canda_border Andrej Ivanov/Getty Images

    How Not to Respond to Trump’s Tariffs

    Dani Rodrik advises America’s trade partners not to embrace retaliation, because that would harm mainly themselves.
  2. landau5_Thierry MonasseGettyImages_eu_competitiveness_compass Thierry Monasse/Getty Images

    Europe Found Its Values and Lost Its Way

    Jean-Pierre Landau

    European integration – and the stability and prosperity it supports – has always depended on a pragmatic, incremental approach. If the EU is to navigate today’s challenging geopolitical environment, it must again embrace this approach, rather than continue to allow high-level principles to dictate policy.

    warns that the EU’s focus on high-level principles is undermining its economic dynamism and global influence.
  3. cferguson4_Patrick T. FallonGettyImages_jensen_huang Patrick T. Fallon/Getty Images

    The Crisis in Western AI Is Real

    Charles Ferguson

    Given the risks involved in the race for AI dominance, maintaining a strong lead within democratic advanced economies justifies a public-private strategic mobilization on the scale of the Manhattan Project. Yet the West is doing the opposite, largely owing to its own AI industry’s arrogance, shortsightedness, and greed.

    thinks the US industry bears a considerable share of the blame for China’s DeepSeek breakthrough.
  4. singer239_Andrew HarnikGetty Images_americafirst Andrew Harnik/Getty Images

    “America First” in Action

    Peter Singer assesses the damage Donald Trump has already done to long-term US interests since returning to the White House.
  5. varoufakis124_Luke SharrettGettyImages_palantir_demo Luke Sharrett/Getty Images

    Technofeudalism Is War’s Handmaiden

    Yanis Varoufakis explains how the rise of cloud capital is steering the world toward well-known strategic traps.
  6. buiter54_FABRICE COFFRINIAFP via Getty Images_swissnationalbank Fabrice Coffrini/AFP via Getty Images

    The Positive Case for Negative Rates

    Willem H. Buiter & Ebrahim Rahbari see the widely scorned monetary-policy tool as a necessary option in the absence of fiscal alternatives.
  7. ahzhang20_PETER CATTERALLAFP via Getty Images_deepseek Peter Catterall/AFP via Getty Images

    Will DeepSeek Upend US Tech Dominance?

    Angela Huyue Zhang says the firm’s disruption of the AI industry is about market – not great-power – competition.
  8. buruma222_Anna MoneymakerGettyImages_donald_trump_cross Anna Moneymaker/Getty Images

    Breaking US Democracy Beyond Repair

    Ian Buruma warns that Donald Trump’s efforts to tear down America’s “civic religion” will be difficult to reverse.
  9. patten172_Scott OlsonGetty Images_trump Scott Olson/Getty Images

    Can the Liberal International Order Survive Without America?

    Chris Patten urges Western countries to safeguard the institutions that have underpinned their postwar stability.

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