CLIMATE & DEVELOPMENT FINANCE
Finance is a key enabler of structural transformation, but to achieve this, development finance institutions need to have the commensurate scale and instruments, as well as strong voice and representation for developing economies and their citizens.
The Global Economic Governance Initiative’s workstream on Climate and Development Finance explores the roles of development and climate finance institutions – including multilateral, regional and national development institutions and export credit agencies – in facilitating development, human well-being and environmental sustainability. This workstream conducts rigorous research, engages with policymakers and advances strategic communications towards these goals. A core priority of this workstream is to ensure that international and national financial institutions place development at the heart of their strategies for a low-carbon, climate resilient future.
Research Highlights
Latest News & Publications
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GDP Center Round-up: 2025 IMF/World Bank Spring Meetings
April 16, 2025By Samantha Igo From April 21-26, 2025, all eyes in the global economic governance space will turn to Washington, DC as the 2025 International Monetary Fund... [ More ]
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Disaster-Triggered Financing Mechanisms Must Provide More Relief for Myanmar
April 07, 2025By Kofi Gunu, Marina Zucker-Marques and Rishikesh Ram Bhandary On March 28, 2025, Myanmar suffered a magnitude 7.7 earthquake, which caused devastating loss of life and... [ More ]
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The International Financial Architecture and Sustainable Prosperity
March 24, 2025The current international financial architecture is misaligned with the United Nations 2030 Sustainable Development Goals and the Paris Agreement. External financing flows to emerging market... [ More ]
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Scaling Up Funding and Reforming Financial Institutions
March 17, 2025In the 2024 United Nations Pact for the Future, global leaders committed to scaling up and reforming international financial institutions to make them fit to... [ More ]
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10 Ways Financing for Development has Changed in 10 years
March 12, 2025By Tim Hirschel-Burns Financing for Development Conferences – the chief event in the United Nations (UN) system on mobilizing the resources needed to achieve development –... [ More ]
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Mapping Global Financial Risks Under Climate Change
March 10, 2025There is a growing concern about the potential impacts of climate change on financial stability but little quantitative evidence is available on the potential magnitude... [ More ]
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Unlocking Synergies Between Multilateral Development Banks and National Development Banks
February 24, 2025By Chiara Mariotti and Richard Kozul-Wright 2025 will be a pivotal year for development and climate cooperation, with financial matters coming to the fore at a... [ More ]
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Blending from the Ground Up: Multilateral and National Development Bank Collaboration to Scale Climate Finance
February 18, 2025International financing for development has persistently fallen short of developing country needs. That gap has widened dramatically with the onset of the climate crisis, where... [ More ]
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What is in the Financing for Development Zero Draft, and What Does It Mean for Global Economic Governance Reform?
January 29, 2025By Tim Hirschel-Burns In late June, the Fourth International Conference on Financing for Development (FfD4) will take place in Seville, Spain. Despite challenging geopolitical circumstances, the... [ More ]
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Five Realistic Goals for Global Economic Governance in 2025
December 18, 2024By Tim Hirschel-Burns 2025 admittedly presents a dubious landscape for achieving substantive global economic governance reforms. The scale of needs is large—achieving development and climate goals... [ More ]