Global Economic Governance
The Global Economic Governance Initiative (GEGI) advances policy-oriented research to enable the international financial architecture to foster financial stability, human well-being and environmental sustainability across the globe through peer reviewed research, policy engagement, and strategic communications.
RESEARCH SPOTLIGHT
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 People and Planet or the Nairobi Declaration – all involve reforms to the IMF.
Yet, despite notable recent strides, ambition to integrate climate at the Fund remains limited. A transformation of the IMF is necessary for aligning the international financial architecture with shared development and climate change goals.
A new report from the Task Force on Climate, Development and the International Financial Architecture pushes for a faster and deeper evolution of the IMF that is both development-centered in its approach to climate and embraces an investment push as a priority goal. It presents three core policy recommendations animated by an IMF 2030 Action Agenda, comprised of concrete reforms to be implemented over the next 12 months.
Read the Report Read the BlogExplore the research programs
GEGI Publications and News
Receive Updates from GEGI through the GDP Center Newsletter
-
The World Bank Needs an Enhanced Climate Change Action Plan
June 26, 2026By Rishikesh Ram Bhandary, Marilou Uy and Irene Monasterolo As countries grapple with one of hottest years on record alongside the global energy crisis now entering its “worst case scenario,” the World Bank is debating the future of its Climate Change... [ More ]
-
The Intersection of Trade and Investment Rules and Climate Policy
June 23, 2026When countries attempt to adopt policies aimed at more climate resilient growth trajectories, they naturally encounter the international trade and investment regime. This regime is comprised of the rules embodied by the World Trade Organization (WTO), as well as the over 200 regional and bilateral free... [ More ]
-
Plan México: Legal Risks (and Opportunities) of Mexico’s Public Sector-Led Industrial Strategy
June 23, 2026By Rachel Thrasher Note: This research follows previous GDP Center work on the USMCA review as a strategic opportunity for Mexico to increase Mexican labor incomes in alignment with the broad goals of Plan México. For more on this analysis, read... [ More ]
-
Resurgence to Retirement: Global Insights on Transitioning Away from Coal
April 28, 2026By Kaihui Song The year 2025 recorded the largest net addition to global coal capacity in over a decade, driven largely by China amid the country’s heightened energy security concerns. Recent geopolitical tensions, particularly the conflict in the Middle East, have... [ More ]
-
From Paradigm Maintenance to Paradigm Shift: A Mood Change on Industrial Policy
April 24, 2026By Richard Kozul-Wright Last month, the World Bank announced the return of Industrial Policy for Development in a report described as “the first comprehensive guide to industrial policy for development in the 21st century.” Running well over 250 pages and covering... [ More ]
-
Impact in Action: GDP Center at the 2026 IMF/World Bank Spring Meetings
April 17, 2026This week, global economic leaders, policymakers and civil society representatives gathered in Washington, DC for the 2026 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group, marking a key moment to assess the state of the... [ More ]
-
Adjustment without Accumulation: Evidence on Capital Formation from IMF Programs
April 09, 2026The mission of the International Monetary Fund (IMF) is to promote international financial stability through liquidity support, surveillance and capacity building. Emerging market and developing countries frequently turn to the IMF during balance-of-payments distress. IMF liquidity support comes with conditionalities... [ More ]
-
Toward More Effective IMF Programs: Learning from the Evidence on Conditionality
April 09, 2026The International Monetary Fund (IMF) conducts periodic Reviews of Program Design and Conditionality (RoC), and it is currently undergoing the first review since 2018. These reviews analyze the performance of IMF programs in recent years and establish changes to the... [ More ]
-
Cutting Trees to Balance Budgets: International Monetary Fund Programs are Associated with Increased Deforestation
April 08, 2026International financial institutions (IFIs) are increasingly expected to support environmental and climate goals. Among them, the International Monetary Fund (IMF) plays a central role in shaping economic policy across much of the Global South through its lending programs. However, little... [ More ]
-
Rising oil prices and developing country debt – the next shock is already here
March 23, 2026By Rebecca Ray, Kevin P. Gallagher and Marina Zucker-Marques Once again, developing countries are experiencing shockwaves from a crisis they did not create. Since the US-Israel strikes on Iran began on February 28, global oil prices have skyrocketed, with consequences rippling... [ More ]