CLIMATE & DEVELOPMENT FINANCE
Finance is a key enabler of structural transformation, but to achieve this, development finance institutions need to have the commensurate scale and instruments, as well as strong voice and representation for developing economies and their citizens.
The Global Economic Governance Initiative’s workstream on Climate and Development Finance explores the roles of development and climate finance institutions – including multilateral, regional and national development institutions and export credit agencies – in facilitating development, human well-being and environmental sustainability. This workstream conducts rigorous research, engages with policymakers and advances strategic communications towards these goals. A core priority of this workstream is to ensure that international and national financial institutions place development at the heart of their strategies for a low-carbon, climate resilient future.
Research Highlights
Latest News & Publications
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GDP Center Round-up: 4th International Conference on Financing for Development
June 26, 2025By Samantha Igo As a record-breaking heat wave strains energy grids and risks public health across Europe, policymakers, activists and experts convene in Seville, Spain from... [ More ]
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Investing in Climate and Development: The Evolving Role of the International Financial and Tax Architectures
June 26, 2025Addressing the intertwined challenges of climate change and growth in emerging and developing economies requires an urgent and unprecedented increase in climate-aligned investment. Increasing investment... [ More ]
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Are Multilateral Development Banks Big Enough, and How Can We Tell?
June 25, 2025By Rishikesh Ram Bhandary When governments met for the 3rd International Conference on Financing for Development in Addis Ababa, Ethiopia in 2015, they asked multilateral development... [ More ]
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Multilateral Development Banks and Financing for Development: The Role of Resource Needs Reviews
June 25, 2025Multilateral development banks (MDBs) play a key role providing developing countries with affordable, long-term finance. In 2024, to help meet development challenges, the Group of... [ More ]
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The Jubilee Report: A Blueprint for Tackling the Debt and Development Crises and Creating the Financial Foundations for a Sustainable People-Centered Global Economy
June 25, 2025Developing countries are facing dramatic debt and development crises where, to meet obligations to their external creditors, debt-distressed countries are sacrificing investments in education, healthcare, [ More ]
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FAQs: What Can be Expected from the 4th International Conference on Financing for Development?
June 18, 2025By Tim Hirschel-Burns The highly anticipated Fourth International Conference on Financing for Development (FFD4) will take place from June 30 to July 3 in Seville, Spain. Achieving... [ More ]
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Debt Sustainability Analysis as if Development Really Mattered
May 27, 2025To achieve the United Nations 2030 Sustainable Development Goals (SDGs) and avoid the catastrophic consequences of climate inaction, emerging market and developing countries (excluding China)... [ More ]
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GDP Center Round-up: 2025 IMF/World Bank Spring Meetings
April 16, 2025By Samantha Igo From April 21-26, 2025, all eyes in the global economic governance space will turn to Washington, DC as the 2025 International Monetary Fund... [ More ]
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Disaster-Triggered Financing Mechanisms Must Provide More Relief for Myanmar
April 07, 2025By Kofi Gunu, Marina Zucker-Marques and Rishikesh Ram Bhandary On March 28, 2025, Myanmar suffered a magnitude 7.7 earthquake, which caused devastating loss of life and... [ More ]
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The International Financial Architecture and Sustainable Prosperity
March 24, 2025The current international financial architecture is misaligned with the United Nations 2030 Sustainable Development Goals and the Paris Agreement. External financing flows to emerging market... [ More ]