Since the establishment of the Forum on China-Africa Cooperation (FOCAC) in 2000 and the China-Africa Development Fund in 2006, China’s economic ties with Africa have grown and deepened significantly. However, China’s deepening connections and in particular, its foreign direct investment (FDI), in Africa have been the subject of discussion regarding their composition, goals, nature and implications […]
By Neha Gondal A college degree pays, but where one goes to college also makes a huge difference to lifetime earnings. Attending elite schools significantly increases one’s chances of obtaining a well-paying job and, hence, economic and social success, which reproduces existing disparities. Accordingly, college career fairs, which expose students to potential employers, serve as […]
By Rachel Thrasher The European Union officially voted to withdraw from the Energy Charter Treaty (ECT) on May 30, after several years of increasing agitation over the role of investor-state dispute settlement (ISDS), a controversial legal tool in international investment agreements (IIAs) that fossil fuel companies can use when the value of their investments are […]
By Tim Hirschel-Burns In July 1944—80 years ago—delegates from 44 nations met in Bretton Woods, New Hampshire. Over the course of three weeks, they designed an agreement that led to the establishment of the Bretton Woods institutions, the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), which was later joined […]
July 2024 marks the 80th anniversary of the Bretton Woods Agreement that established the post-World War II multilateral economic order, including the International Monetary Fund (IMF), the precursor to the World Bank, and early global trade governance systems that provided the structure and form of the World Trade Organization (WTO), established in 1995. A new […]
By Jwala Rambarran This month, the International Monetary Fund (IMF) marks its 80th anniversary amid various proposals on how to reform the global financial architecture to make it fit-for-purpose in the 21st century. Climate change poses a particular, and urgent, opportunity for reform. Many of the IMF’s developing country members are grappling with severe fiscal and […]
By Timon Forster It has been three years since the International Monetary Fund (IMF) – the organization tasked with monitoring the international monetary and financial system – determined that its mandate encompasses the macro-economic consequences of global warming (e.g., the pressure of natural disasters on government coffers). In the meantime, the Fund has hired climate […]
The climate crisis prompted the International Monetary Fund (IMF), an international lender of last resort, to implement wholesale reforms to incorporate climate policy into its operations. At the IMF, however, selected countries from the Global North, which are also historically the largest emitters of greenhouse gases, dominate decision-making. Given this, can the Fund implement an […]
By Laurissa Mühlich, Barbara Fritz and William N. Kring Following the COVID-19 pandemic, low- and middle-income countries (LICs and MICs, respectively), and in particular lower MICs, have recovered more slowly than high-income countries (HICs). LICs and MICs continue to struggle with tighter fiscal constraints in a period when they should be scaling up investments to […]
By Gregory T. Chin When much of the world shut-down at the height of the COVID-19 pandemic, in late 2021, the New Development Bank (NDB) welcomed four nations into its membership, Bangladesh, the United Arab Emirates, Uruguay and Egypt. These additions, with Uruguay pending, were the first new members since the creation of the Bank […]