Policy Center for the New South (PCNS)

Policy Center for the New South (PCNS) logo

The Policy Center for the New South (PCNS) is a Moroccan think tank aiming to contribute to the improvement of economic and social public policies that challenge Morocco and the rest of Africa as integral parts of the global South. The PCNS pleads for an open, accountable and enterprising "new South" that defines its own narratives and mental maps around the Mediterranean and South Atlantic basins, as part of a forward-looking relationship with the rest of the world. Through its analytical endeavours, the think tank aims to support the development of public policies in Africa and to give the floor to experts from the South. This stance is focused on dialogue and partnership, and aims to cultivate African expertise and excellence needed for the accurate analysis of African and global challenges and the suggestion of appropriate solutions.

Recent Posts

How to Finance Green Infrastructure

November 2, 2022

This publication was originally published in Project Syndicate  Mobilizing excess savings in advanced economies for much-needed investment in green infrastructure in emerging-market and developing economies will not be easy. But it is possible, if both the public and private sectors do their parts. WASHINGTON, DC – To spur development and fight climate change, emerging-market and developing economies (EMDEs) will need huge amounts of investment in green infrastructure over the next few decades. But many of these countries have limited fiscal space, especially after the shocks of the last few years. Given [...]

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The Sovereignty of Developing Countries: The Challenge of Foreign Aid

July 25, 2022

Foreign aid has a well-established and significant role in international relations. The role of foreign aid in the repertoire of international development programs is extensively documented, with its goal being the promotion of human and economic development. Foreign aid can be defined as “all forms of assistance that a country derives from other governments or multilateral agencies and financial institutions to fill noticeable gaps, especially in production, savings, and investments; it takes diverse forms such as grants, loans, foreign direct investment (FDI), joint ventures, and technical assistance” (Omotola and Saliu, [...]

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Quantitative Tightening and Capital Flows to Emerging Markets

June 24, 2022

In its May 15th meeting, the Federal Open Market Committee of the U.S. Federal Reserve (Fed) lifted its benchmark policy rate by 0.75% to 1.50%–1.75%, the biggest increase since 1994. The central bank also signaled an additional increase of 0.75% ahead. FOMC members also raised the median projection for the Fed funds rate to a range between 3.25% and 3.50% next year. In addition to hikes in basic interest rates, liquidity conditions in the US economy will also be affected by the shrinking of the Fed's balance sheet starting this [...]

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Climate Refugees: A Major Challenge of International Community and Africa

June 20, 2022

From socio-economic crises to the scourges of war, through natural disasters and environmental degradation, the world's history is marked by events leading to mass migration, exacerbating the phenomenon of climate refugees. Today, environmental phenomena prompt many inhabitants to choose exile in search of more stable horizons. It is essential to note that no legal text, either global or regional, considers the case of climate refugees. Given the lack of a specific legal regime for climate refugees, global and regional organizations have no de-facto mandate to assist these individuals, increasing their [...]

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