The Paris Agreement’s nationally driven structure places the spotlight on financing strategies at the national level. The role of national funding vehicles in mobilizing climate finance, however, has not received extensive attention. In a new journal article published in Climate Policy, Rishikesh Ram Bhandary remedies this gap by introducing a novel dataset of national climate […]
By Rebecca Ray On Thursday, January 13, the Boston University Global Development Policy (GDP) Center and the Organisation for Economic Cooperation and Development (OECD) Development Centre hosted a webinar discussion on the potential for using debt-for-climate swaps as an innovative solution to the twin crises of climate change and debt distress. The discussion consisted of […]
Amid the devastation of World War ll, the United Nations Monetary and Financial Conference convened in Bretton Woods, New Hampshire with the goal of designing an interdependent economic architecture for mutual prosperity. Based on a set of common principles of peace, equity and employment, the International Monetary Fund (IMF) and precursors to the World Bank […]
In offering loans to developing countries in exchange for policy reforms, the International Monetary Fund (IMF) typically sets the fiscal parameters within which development occurs. Among the drivers of socio-economic development, an important, yet insufficiently understood, international-level determinant is the spread of IMF austerity policies to developing countries. A new journal article in the Journal for Globalization […]
The International Monetary Fund (IMF) has been tasked with quickly devising a climate change strategy that helps its members meet collective climate change and development goals while maintaining financial stability. A new journal article in Climate Policy by Luma Ramos, Corinne Stephenson, Irene Monasterolo and Kevin P. Gallagher develops an analytical framework of the ‘macro-critical’ nature […]
The 1972 World Heritage Convention (WHC) and 1994 Global Strategy aim to preserve the outstanding universal value of internationally important cultural and natural sites within a “representative, balanced and credible” network of highly-protected areas. Increasing human pressures and shortfalls in representation have been documented across the World Heritage network, particularly in terrestrial and cultural sites, […]
As 2021 comes to a close and the world faces another year battling COVID-19, experts from our Global Economic Governance Initiative look back on the policy progress – and shortcomings – for the year, and highlight what to keep an eye on for 2022. Below, read key takeaways on vaccine equity, sovereign debt, global financial […]
In the wake of the global financial crisis, economic research has shown that regulating cross-border financial flows helped prevent and mitigate financial crises. This research played a role in the political economy of the post-crisis governance architecture where the International Monetary Fund (IMF), Group of Twenty (G20) and other international bodies recommitted policy frameworks to […]
Raging hurricanes, devastating floods, sea-level rise, heatwaves, and other extreme weather conditions are now attributed to climate change. In a new article published in the Journal of Impact and ESG Investing, Sucharita Gopal, Joshua Pitts, Kalyani Inampudi, Yingqiang Xu and Graham Cook propose that climate change poses a significant investment risk in terms of economic losses […]
By Katie Gallogly-Swan On Friday, November 19, Rachel Thrasher, researcher and legal expert of the Boston University Global Development Policy Center hosted a conversation with Ha-Joon Chang, renowned economist and prolific author, including the landmark book, Kicking Away the Ladder: Development Strategy in Historical Context. The conversation centered on Thrasher’s new book, Constraining Development: the Shrinking […]