The South African National Treasury (NT) recently proposed to transfer 30 percent of the unrealized gain on the South African Reserve Bank’s (SARB’s) gold and foreign exchange reserves, worth about 2.4 percent of gross domestic product (GDP), to the NT. The February budget announcement led government bond yields to decline as market participants foresaw a […]
Many developing countries have sought international assistance to implement climate change-related programs and projects. Estimates suggest that emerging market and developing economies will need to mobilize an annual $2.4 trillion by 2030 toward climate goals. International climate finance is a crucial component of the response to climate change. In a new journal article published in […]
By Tim Hirschel-Burns On Wednesday, February 28, the Boston University Global Development Policy Center (GDP Center) and Centre for Policy Dialogue co-hosted an event at the International Institute for Sustainable Development’s Trade and Sustainability Hub, which took place alongside the 13th World Trade Organization (WTO) Ministerial Conference in Abu Dhabi, United Arab Emirates. Rachel Thrasher, […]
In the aftermath of World War II, the meeting at Bretton Woods led to the creation of multilateral institutions with the purpose of promoting international economic cooperation. The World Bank and the International Monetary Fund (IMF) were part of this effort. As the global financial system changed, the IMF and the World Bank adapted to […]
Despite the fact that the climate crisis requires great international collaboration and coordination when it comes to policymaking for mitigating emissions, the most recent report from the United Nations Intergovernmental Panel on Climate Change (IPCC) demonstrates conclusively that country leaders have not taken nearly enough action. The obstacles to climate action are myriad – political, […]
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 […]