Category: GEGI

The International Monetary Fund and Quota Reform: Background and Key Considerations

As the global economy faces increasing challenges in the aftermath of the COVID-19 pandemic, and as interest rates continue to rapidly rise in the United States and across the Global North, emerging market and developing economies (EMDEs) are facing a perfect storm of high inflation, increased borrowing costs and surging debt levels. Against this backdrop, […]

Webinar Summary – The 2023 Paul Streeten Distinguished Lecture in Global Development Policy: The Blurred Contours of a New International Economic Order

By Timon Forster On March 29, 2023, the Boston University Global Development Policy Center, the Institute for Economic Development and the Department of Economics hosted its annual Paul Streeten Distinguished Lecture in Global Development Policy, which celebrates the legacy of BU Professor Paul Streeten as an eminent economist and interdisciplinary scholar of global development policy. […]

How the IMF Can Foster Inclusive Growth and Development in a Global Climate Transition

By Marilou Uy and Rishikesh Ram Bhandary The global transformation to achieve low-carbon and climate-resilient development poses macro-critical challenges for countries around the world. Countries need to accelerate the shift to low-carbon investments, build resilience to climate shocks, contend with loss and damage and navigate the cross-border impacts of the climate transition. Developing countries alone […]

Scaling Up Climate Adaptation Finance in Times of Growing Public Debt, Inflation and Natural Disasters

In 2021, economic losses from natural catastrophes totaled $270 billion. Poor climate physical risk assessment limits adaptation finance, which is still lagging behind mitigation finance in emerging markets and developing economies (EMDEs), but also high-income countries. A new policy brief  published by the European Capital Markets Institute and authored by Irene Monasterolo, Kevin P. Gallagher, […]

A New Common Framework Toward Guaranteeing Sustainable Development

By Luma Ramos and Rebecca Ray The Intergovernmental Panel on Climate Change declared that the world stands at a ‘now or never’ moment. In this decade, nations must make the necessary investments to prevent global warming from surpassing 1.5 degrees Celsius. Without those investments, the world will suffer severe consequences, including devastating human, ecological and […]

Debt Relief for a Green and Inclusive Recovery: Guaranteeing Sustainable Development

A debt crisis is emerging in the Global South at the precise moment when substantial investment is needed to meet shared climate and development goals. Yet, the G20 Common Framework has been unable to engage all creditor classes or link debt relief to climate and development. How can emerging market and developing economies (EMDEs) find […]