Category: Front Page

GDP Center Round-Up: 2024 Summer in the Field Research Outcomes

By Akanksha Goyal With research projects spanning from Ghana to Greece, the 2024 cohort of Summer in the Field Fellows have successfully completed their fellowships. Sponsored by the Boston University Global Development Policy Center, the Summer in the Field Fellowship Program offers stipends ranging from $6,000 to $8,000 to a select group of Boston University […]

Summer in the Field: Why People Don’t Register Deaths in Ghana

By Vasudha Ramakrishna Funerals are big events in Ghana, very extravagant and expensive, with people often borrowing heavily to carry out elaborate celebrations, planning them for months, sometimes years. Careful thought is given to ensuring colorful billboards announcing the funeral arrangements, drinks, food, music and dance, elaborate caskets, inviting a large guest list, and a […]

Weighing the Costs and Benefits: Sustainability Premium for the Early Retirement of Coal Plants with Evidence from Indonesia

By Bahar C. Erbas, Niccolò Manych, Kevin P. Gallagher and Rishikesh Ram Bhandary Retiring coal-fired power plants (CFPPs) is an effective solution for adhering to the temperature limits of the Paris Agreement. Development finance institutions (DFIs) can play pivotal roles in supporting governments in early phase-down initiatives. These approaches must consider social and environmental aspects […]

Sustainability Premium for the Early Retirement of Coal Plants with Evidence from Indonesia

For fulfilling climate commitments and attaining net-zero emission goals, there is a global effort to retire coal-fired power plants (CFPPs) early. Given their unique business model and public welfare missions, development finance institutions (DFIs) have a crucial role to play in facilitating early retirement of CFPPs. What are the costs associated against three scenarios of […]

Open Letter to the International Monetary Fund Board of Directors on the Need for Significant Reform of the Rate of Charge and Surcharge Policies

“Dear International Monetary Fund Board of Directors, This Friday October 11, 2024, the International Monetary Fund (IMF) is expected to announce reforms to its policy on charges and especially surcharges, which levies extra fees on countries whose debts have surpassed certain size and time thresholds. We the undersigned urge the IMF to meaningfully reform its policies, […]

It’s the IMF’s Turn: An Evolution for Development and Climate Change Goals

By Marilou Uy and Rishikesh Ram Bhandary Policymakers, especially from the Global South, now agree that achieving both climate goals and the United Nations 2030 Sustainable Development Goals will require reforming the international financial architecture. While the World Bank’s ‘evolution’ process that kickstarted at the 2022 International Monetary Fund (IMF)/World Bank Annual Meetings reflects a […]

IMF 2030: A Transformative Action Agenda for Achieving Climate and Development Goals

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 […]