By 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 property. Current reports put the death toll over 3,400, with 4,671 injured and 214 missing. As survivors continue to tally up the damage from this shock, this much is […]
The International Monetary Fund (IMF) holds 90.5 million ounces of gold on its balance sheet, a legacy from its founding in 1944, when member countries paid their quotas in gold. This idle gold is sitting on the IMF’s balance sheet at a historical cost of $45 per ounce, compared to $2,600 per ounce on global […]
It is now widely recognized that emerging market and developing economies (EMDEs) excluding China need to mobilize $3 trillion annually – $1 trillion from external sources and $2 trillion domestically – by 2030 to meet shared climate and development goals. These investments are not only essential to avoiding the relative catastrophic economic, social and environmental […]
The global community’s efforts on climate change have yet to demonstrate the urgent need for immediate action. However, there is now a growing convergence that increasing levels of sovereign debt are inhibiting bold and necessary action on climate and development. The Vulnerable Group of 20 (V20) Ministers of Finance, comprising 68 climate vulnerable economies, are […]
By Marina Zucker-Marques Investing in development and climate while maintaining economic and financial stability is a balance that emerging market and developing economies (EMDEs) need to strike in order to meet the United Nations 2030 Agenda for Sustainable Development and the Paris Agreement. EMDEs (excluding China) need a major investment push to achieve the 2030 […]
Time is running out to achieve the goals set out in the United Nations 2030 Agenda for Sustainable Development and the Paris Agreement. Not meeting these goals will have tragic impacts on the lives of present and future generations; yet, emerging market and developing economies (EMDEs) are facing conditions that inhibit their ability to mobilize […]
By Tim Hirschel-Burns From April 15-19, policymakers, civil society, researchers and more will gather in Washington, D.C. for the 2024 International Monetary Fund (IMF)/World Bank Group Spring Meetings. These official, high-level meetings will set the direction for the institutions, amid a plethora of panels and side events, as well as related meetings like the G20 […]
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. […]
By Claire Paul From November 28-December 12, the 2023 United Nations Climate Change Conference (COP28) will be held in Dubai, United Arab Emirates. The conference comes at a “milestone moment,” as participating representatives will assess their country’s progress in adhering to the goals set out by the Paris Agreement and conclude the first-ever Global Stocktake. […]
By Nabil Haque On Wednesday October 4, 2023, the Boston University Global Development Policy (GDP) Center hosted a webinar discussion ahead of the 2023 International Monetary Fund/World Bank Group Annual Meetings on reforming and strengthening multilateral development banks (MDBs) to meet shared climate and development goals. The webinar was moderated by Kevin P. Gallagher, Director […]