By Rebecca Ray Representatives from governments and civil society from around the world are gathering in Cali, Colombia this month for the 16th meeting of the Conference of the Parties to the Convention on Biological Diversity (COP16). They will take stock of progress and recommit to the goal of preserving global biodiversity through the Kunming-Montreal […]
By Tim Hirschel-Burns The 2024 International Monetary Fund (IMF)/World Bank Group Annual Meetings will take place from October 21-27 in Washington, D.C. amid severe debt distress, lagging efforts to align global economic governance with modern realities, and a ticking clock to keep global climate and development goals alive. Several policy issues with important implications for […]
International financial institutions (IFIs) have in recent years increased the volume of their financing in an effort to support national and global policy challenges—yet surprisingly little is known about the environmental impacts of their finance. A new technical paper from the Task Force on Climate, Development and the IMF investigates the environmental implications of the […]
By Marilou Uy and Rishikesh Ram Bhandary Policymakers, especially from the Global South, now agree that achieving both climate goals and the United Nations 2030 Sustainable Development Goals will require reforming the international financial architecture. While the World Bank’s ‘evolution’ process that kickstarted at the 2022 International Monetary Fund (IMF)/World Bank Annual Meetings reflects a […]
With just six years until 2030, there is an urgent need to unlock investments and mobilize affordable climate finance in a fiscally sound and financially stable manner. The International Monetary Fund (IMF) has a vital role to play, and proposals to reform the international financial architecture – whether the Bridgetown Initiative, the Paris Pact for […]
By Rishikesh Ram Bhandary and Tim Hirschel-Burns The importance of debt sustainability has come to the fore as countries around the world grapple with high debt burdens, which are capacity of governments to invest in climate action, and high costs of borrowing, even after the recent lowering of the interest rate by the US Federal […]
Developing countries need to invest heavily to transform their economies to achieve sustainable development and address climate change, but they are falling behind in the shift to clean energy, enhancing adaptation and resilience, addressing loss and damage, and restoring nature. To meet these policy goals, debt sustainability analyses (DSAs) conducted by the International Monetary Fund […]
By Akanksha Goyal The Think20 (T20) is an engagement group of the Group of 20 (G20) that seeks to convene think tanks and research centers from G20 members, guest countries and organizations in order to provide evidence-based research to support policymaker decisions in the G20. As a busy fall policy season kicks off this month […]
By Daniel Bradlow, Marina Zucker-Marques and Kevin P. Gallagher Many developing countries are experiencing what the World Bank has termed the “silent” sovereign debt crisis. It is silent because the international community has seemingly been hoping the creeping crisis will resolve itself on its own without ambitious intervention. Fifty-four countries are spending more than 10 […]
The International Monetary Fund (IMF) levies surcharges, or extra fees, on member countries that either draw “substantial” amounts of IMF credit to mitigate the balance of payments constraints or maintain their credit exposure with the institution for sufficiently long periods. Reportedly designed to discourage the overuse of Fund resources and ensure the IMF’s financial soundness, […]