By Naomi Frim-Abrams On May 8, the Human Capital Initiative hosted Orazio Attanasio for the final session of the Human Capital Initiative Spring Research Seminar Series with a presentation on “Parental Beliefs and Parental Investment: Evidence from Colombia.” Attanasio discussed his published paper, which analyzed the results of a parenting stimulation program implemented in Colombia. […]
By Naomi Frim-Abrams The Human Capital Initiative (HCI) is excited to announce the first winners of its inaugural Incubation Grant. Solomon Owusu and David Lagakos will be conducting their project, “Why are measured hours of work so low for agricultural workers?” through the grant’s support. “We are thrilled to see this project get started and […]
By Tim Hirschel-Burns In March, New York lawmakers submitted the “Sovereign Debt Stability Act” to the New York State Assembly with the goal of “providing effective mechanisms for restructuring sovereign and subnational debt.” Proponents of the bill will seek to move it through both chambers of the legislature and receive a signature from the governor […]
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 Jwala Rambarran and Fahmida Khatun Developing countries require considerable capital investments to accelerate the shift to low-carbon economies, enhance resilience to climate shocks, address loss and damage, restore biodiversity loss and navigate the cross-border spillovers associated with the global climate transition. Estimates of these external financing needs converge around $1 trillion per year by […]
The Resilience and Sustainability Trust (RST) at the International Monetary Fund (IMF) fills a major gap in both the climate finance and balance of payments architectures. However, the RST will lack effectiveness without significant reform. When viewed against the resource mobilization challenges that emerging market and developing economies face, it is especially important for the […]
On April 12, just prior to the 2024 International Monetary Fund (IMF)/World Bank Group Spring Meetings in Washington, D.C., the IMF Executive Board voted to renew Kristalina Georgieva as IMF Managing Director for a second five-year term starting in October. In her first term, Georgieva played an instrumental role in the Fund recognizing climate change […]
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 […]