The recent “weaponisation” of finance against Russia might intensify efforts to reduce the global dependence on Western-led currencies and payment infrastructure. Transformations in the international monetary system have historically been slow to materialise, but the growing politicisation of money and the process of financial digitalisation may prompt a shift towards a multipolar international monetary system.

The Istituto Affari Internazionali (IAI), in collaboration with Intesa Sanpaolo, has launched a series of three workshops titled “The Geo-Finance of Space” with the goal of investigating how the space race is impacting geopolitics, the world economy and the international legal regime. The third event of the series will focus on space regulation.

The debate on how to reform and strengthen the EU’s economic governance has started again thanks, inter alia, to new proposals presented by the European Commission. At stake is the Union’s capacity to equp itself with more effective structures and mechanisms in light of the changes in the economic landscape and the repeated crises that have hit the European economy. Italy, which is facing a number of structural problems, including a growing indebtness, is vitally interested in the outcome of this debate. Will the Union be up to this challenge?

In line with fellow donor countries members of the OECD Development Assistance Committee, Italy committed to allocate 0,7% of its Gross National Income to Official Development Assistance. The global crises we are witnessing (climate-, health-, food security-related) seriously affect developing countries, making development finance more crucial than ever. In the current post-pandemic context and in light of new political priorities, what is the future of Italy’s development cooperation?