Members of the World Trade Organization (WTO) have an opportunity at the 13th Ministerial Conference (MC13) in February 2024 to grant an extension to the much-embattled Waiver to the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). The Waiver, proposed more than three years ago, was intended to allow countries and their pharmaceutical firms […]
By Rebecca Ray Emerging market and developing economies (EMDEs) need an immediate, stepwise infusion of investment for climate and conservation goals: $1 trillion in international capital for climate investment and over $2 trillion annually to meet the United Nations 2030 Sustainable Development Goals (SDGs), according to the International High Level Expert Group on Climate Finance. […]
A cycle of extreme weather, financial instability, unsustainable debt levels and high costs of capital are limiting fiscal space at precisely the moment that a dramatic, stepwise increase in environmental investments is needed if shared climate and development goals are to be met in emerging markets and developing economies (EMDEs). What is the fiscal picture […]
By Rachel Thrasher As the World Trade Organization (WTO) member states prepare to meet in Abu Dhabi in February for the 13th Ministerial Conference (MC13), arguably one of the most important decisions they face is whether to extend the much-embattled Waiver of certain provisions of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) […]
Since the establishment of the World Trade Organization’s (WTO) Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) in 2001, there has been a concern that the now-global rules governing intellectual property (IP) protection would present obstacles to securing access to medicines for populations in low- and middle-income countries (LMICs). A few years later, the […]
While Latin America’s development bank, Fondo Latinoamericano de Reservas (the Latin American Reserve Fund, or FLAR) went largely unnoticed for much of the 20th century, it has evolved considerably during its more than four decades in operation. It began as a small reserve pooling arrangement for Andean countries and now occupies a vital role as […]
By Tim Hirschel-Burns On Tuesday, December 12th, the Boston University Global Development Policy Center (GDP Center) hosted a webinar titled, “A Crisis of Confidence? Reestablishing the Legitimacy of the International Monetary Fund and the Global Financial Safety Net.” The discussion covered quota reform at the International Monetary Fund (IMF), the newly updated Global Financial Safety […]
By Sayuri Kataoka and Samantha Igo The International Monetary Fund (IMF) is scheduled to conclude its 16th General Review of Quotas this month, a process designed to bring the IMF’s governance system in light with current realities of the global economy. The IMF’s quota system determines the financial contribution of member countries, the distribution of […]
The year 2023 is coming to a close as emerging market and developing economies continue to experience economic headwinds in the form of higher-for-longer interest rates, the ongoing ramifications of the COVID-19 pandemic and Russia’s war in Ukraine and accelerating climate change. In reflecting on the end of the year and the start of another, […]
By Sayuri Kataoka and Claire Paul The Fall 2023 Global Economic Governance Book Talk Series convened five distinguished scholars with recent books on topics ranging from Active Non-Alignment in Latin America to the political economy of sovereign debt default and more. The Global Economic Governance Initiative (GEGI) advances policy-oriented research to align global economic governance […]