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The Institute for Economic Justice (IEJ) and #PayTheGrants are challenging the South African government's appeal against a High Court ruling that found the SRD grant system unconstitutionally exclusionary. The High Court previously ruled that the online-only application and bank verification processes were illegal and that the government must increase the grant's value and means-test threshold. The IEJ argues that the current grant of R370 and a frozen means-test of R624 are insufficient given that the food poverty line is R855 per month. The document highlights a worsening socio-economic crisis, including 43.7% unemployment in Q1 2026 and rising inflation, warning that the government's failure to provide adequate social assistance could lead to social unrest.

The document examines the debate over South Africa's economic trajectory. While Treasury and business argue that structural reforms in electricity and transport, along with modest growth increases from 0.6% in 2024 to 1.1% in 2025, signal a recovery, critics argue that growth remains below population growth (1.33%) and is insufficient to address unemployment. The briefing highlights a decline in the investment-to-GDP ratio to approximately 14% and warns that fiscal austerity and contractionary monetary policies may stifle growth. Additionally, it notes that an emerging international crisis involving the war on Iran and rising oil prices threatens the economy with stagflation, potentially exacerbated by a hawkish Reserve Bank and a lack of a major fiscal stimulus package.

The document examines how reliance on imported oil and liquefied natural gas (LNG) exposes Asian economies to price shocks and supply disruptions, particularly those stemming from conflicts in the Middle East. It analyzes the economic impacts on countries like Singapore, Thailand, and Japan, highlighting how fuel price volatility drives inflation and weakens currencies. The report argues that returning to coal as a short-term fallback is economically and environmentally risky compared to renewables. It recommends investing in regional connected grids and clean technology supply chains to build long-term resilience and energy security.

The author contends that while central bank independence must be protected from populist right-wing capture—citing attempts by Donald Trump in the US and leaders in Turkey and India—the current technocratic orthodoxy is failing. The text argues that the ECB's focus on price stability via interest rate hikes has been ineffective against 'cost-push' inflation and 'greedflation', and has actively hindered the green transition by increasing capital costs for renewables. To remedy this, the document proposes a 'whole-of-government approach' involving a coordination council and the definition of time-bound secondary objectives, such as 'green interest rate' policies, to align monetary policy with democratic goals without requiring treaty changes.

The document examines how fossil fuel price volatility contributes to inflation in Canada, noting that energy prices accounted for 33% of overall inflation between February 2021 and June 2022. It argues that transitioning to net-zero electricity grids by 2050 could save Canada up to CAD 15 billion annually in total energy costs. The brief suggests that policies such as carbon pricing and incentives for heat pumps and electric vehicles can improve affordability by reducing reliance on volatile global oil and gas markets.

The report evaluates how nature-related risks impact business profits and credit losses in five African banking systems. It finds that an 'orderly transition' aligned with the Global Biodiversity Framework (GBF) minimizes financial risks, whereas a 'disorderly transition' can lead to significant profit losses and increased credit losses, particularly in agriculture and mining. The analysis highlights that nature-related risks in these sectors are comparable in scale to climate-related risks in emissions-intensive sectors.

The document examines how fossil fuel price volatility contributes to overall inflation in Canada, noting that energy prices accounted for 33% of Canada's overall inflation from February 2021 to June 2022. It argues that transitioning to a net-zero electricity grid by 2050 could save Canadian households an average of CAD 1,500 annually and reduce total energy costs by CAD 15 billion per year. The brief highlights the 'spillover effect' where energy price hikes increase costs for non-energy items, such as food, and can lead to central bank interest rate hikes that further squeeze affordability. It recommends policies that encourage fuel switching to electric vehicles and heat pumps, as well as investments in renewable energy infrastructure to ensure long-term price stability.

The document compares the macroeconomic resilience of Benin and Togo from 2000 to 2020, finding that Benin's economy was more volatile due to greater global integration, while Togo's performance was shielded by phosphate exports. Benin demonstrated more consistent counter-cyclical fiscal policy, whereas Togo's government spending tended to be procyclical during national crises. The brief recommends that Benin reduce its debt-to-GDP ratio and expand its tax base, while Togo should implement governance reforms and monitor inflation more closely.

The briefing analyzes the relationship between gas dependency, electricity prices, and inflation in the EU from 2021 to 2023. It finds that gas-based marginal pricing drives electricity costs and energy inflation, while renewable energy and energy efficiency can lower and stabilize these prices. The authors contend that the ECB's current broad interest rate hikes hinder the capital-intensive investments needed for this transition, potentially undermining the bank's own price stability mandate. They recommend targeted monetary policy to support the energy transition.

The document examines how the cost-of-living crisis in Europe is driving vulnerable households toward risky, unregulated financial products like buy-now-pay-later schemes and crypto assets. It calls for EU policymakers to update the Consumer Credit Directive (CCD) and the Distance Marketing of Consumer Financial Services Directive (DMFSD) to include better creditworthiness assessments, advertising rules, and debt relief measures to prevent a debt spiral among low-income citizens.

The policy brief proposes that the European Central Bank (ECB) use monetary policy to create a cost-of-capital differential between 'green' and 'brown' activities. It suggests a green financing facility providing preferential refinancing rates to banks that fund renewable energy and energy-efficient building renovations. The author argues this would ensure credit availability, incentivize banks to meet environmental commitments, and support long-term price stability without increasing public spending, urging France to use its influence via the Banque de France to promote this agenda.

The authors contend that inflation in Europe is caused by global supply chain disruptions, the energy crisis, and corporate profit maintenance rather than rising wages. They argue that increasing interest rates risks severe economic damage and unemployment, suggesting instead that the solution lies in price controls, windfall profit taxes, wage indexation, and reducing dependence on global imports through a green transition.

The document analyzes the link between the EU's dependence on Russian fossil fuels and its current inflationary crisis, highlighting how wind and solar energy have provided significant cost savings. It advocates for the adoption of the RePowerEU proposal to increase renewable energy and energy efficiency targets to ensure long-term energy security and maintain the EU's global climate leadership.

The Russia-Ukraine war has worsened systemic weaknesses in the international food system, disproportionately affecting African countries due to their high reliance on food, fuel, and fertiliser imports from Russia and Ukraine. This vulnerability is compounded by climate-induced weather events, internal conflicts, and structural infrastructure deficits. The report highlights that food price shocks have already triggered protests in countries like Uganda, Malawi, Senegal, and Sudan. To mitigate these risks, the authors recommend that private companies support the diversification of food sources and local agribusiness capacity, while African governments should reduce regulation and leverage regional integration platforms like the AfCFTA.

The World Resources Institute warns that the potential failure of a U.S. Senate reconciliation package containing clean energy investments would be a 'devastating setback' to the United States' goal of halving emissions by 2030. The statement argues that clean energy measures would save households $500 annually and are essential for economic growth and climate mitigation.

The Government of Ghana formally requested an IMF bailout on July 1, 2022, to address macroeconomic instability and debt sustainability. This decision follows a period of high inflation, significant depreciation of the Ghana cedi, and rising public debt, which the government attributes partly to COVID-19 and the Russia-Ukraine war. The move is contentious due to the current administration's previous commitment to 'home-grown' policies and the 'Ghana Beyond Aid' agenda, as well as public fear of restrictive IMF conditionalities such as public sector employment freezes.

The government of Benin and the BCEAO responded to COVID-19 with expansionary monetary and fiscal policies, including cash transfers, subsidies, and increased liquidity for banks and the agricultural sector. While these measures stimulated aggregate demand and supported food security, the expansion of the money supply led to higher consumer price inflation, which threatened real household incomes. The brief recommends transitioning to contractionary monetary policy during periods of economic growth to curb inflation and better targeting future fiscal spending toward vulnerable households and hard-hit sectors like hospitality and industry to maximize the fiscal multiplier effect.

The document refutes the 'green inflation' myth, asserting that solar and wind are the cheapest forms of new electricity generation in 90% of the world. It contrasts the 'experience curves' of renewable technologies, where costs drop as deployment doubles, with the volatile commodity pricing of fossil fuels. While short-term supply chain disruptions and material shortages, such as polysilicon, have caused temporary price hikes, the long-term structural trend remains downward. The text concludes that transitioning to renewables will reduce global energy expenditures from 3.2% of GDP to less than 1.6% by mid-century.

The document argues that Zimbabwe exhibits the form but not the substance of constitutionalism, characterized by an overweening Executive that subordinates the Judiciary and Legislature. It details a 'party-military-business coalition' that maintains power through the militarisation of politics, organised violence, and the shrinking of civic space. Economically, the report describes chronic fragility, hyperinflation, and a failing parastatal sector plagued by corporate governance breaches. While the government has introduced anti-corruption strategies and joined the APRM, civil society contends these are often symbolic, noting a persistent 'catch and release' syndrome for high-profile offenders and a lack of genuine political will to align laws with the 2013 Constitution.

The report argues that Zimbabwe's economic decline is rooted in the conflation of the state with the ZANU-PF party, leading to state capture, patronage, and corruption. It highlights how government profligacy, excessive borrowing through Treasury Bills, and a protectionist import substitution strategy have fueled inflation and foreign exchange shortages. Despite President Emmerson Mnangagwa's 'open for business' rhetoric, the report finds that investment claims are often unsubstantiated and that the government continues to prioritize prestige projects and party loyalty over market-based principles. The author recommends a transition to a market-oriented, export-led economy with an independent central bank and secure property rights.