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By Jwala Rambarran and Sara Jane Ahmed The Fourth International Conference on Financing for Development (FfD4), which takes place at the end of June in Spain, will attempt to forge the main global policy framework for development finance over the next decade and presents a critical opportunity to tackle systemic inequities in the global financial […]
By Tim Hirschel-Burns Financing for Development Conferences – the chief event in the United Nations (UN) system on mobilizing the resources needed to achieve development – don’t come around very often: a decade ago in Addis Ababa, negotiators produced the Addis Ababa Action Agenda, which offered a comprehensive framework to guide development policymaking over the […]
By Hua Chai and Yan Wang In recent years, the traditional focus on public debt as the cornerstone of fiscal policy has come under scrutiny. Many countries anchor their fiscal policy on the level of public debt, either implicitly or explicitly through fiscal rules. However, the prolonged period of low interest rates in advanced economies […]
The most notable milestone of 2024 was the 80th anniversary of the Bretton Woods institutions of the International Monetary Fund (IMF), World Bank and World Trade Organization. This anniversary came as calls for ambitious global economic governance reforms gain momentum in key fora, and developing country frustrations with the existing system continue to grow. 2024 […]
By Praveena Bandara On November 7, 2024, the Boston University Global Development Policy Center (GDP Center) hosted Marina Zucker-Marques, Senior Academic Researcher at the GDP Center, and Juan Pablo Bohoslavsky, Researcher at the National Scientific and Technical Research Council of Argentina (CONICET), to discuss their new book, “Feminism in Public Debt: A Human Rights Approach,” as part of […]
The International Monetary Fund (IMF) holds 90.5 million ounces of gold on its balance sheet, a legacy from its founding in 1944, when member countries paid their quotas in gold. This idle gold is sitting on the IMF’s balance sheet at a historical cost of $45 per ounce, compared to $2,600 per ounce on global […]
By Rebecca Ray Representatives from governments and civil society from around the world are gathering in Cali, Colombia this month for the 16th meeting of the Conference of the Parties to the Convention on Biological Diversity (COP16). They will take stock of progress and recommit to the goal of preserving global biodiversity through the Kunming-Montreal […]
By Rishikesh Ram Bhandary and Tim Hirschel-Burns The importance of debt sustainability has come to the fore as countries around the world grapple with high debt burdens, which are capacity of governments to invest in climate action, and high costs of borrowing, even after the recent lowering of the interest rate by the US Federal […]
By Samantha Igo On Tuesday, July 30, the Boston University Global Development Policy Center (GDP Center) hosted a webinar titled, “Are We Out of the (Bretton) Woods Yet? The International Financial Architecture 80 Years On.” The discussion reflected on 80 years of the Bretton Woods institutions, citing a new flagship report that synthesizes the GDP […]
By Rebecca Ray and Jörg Haas Without a stepwise injection of capital into developing countries, meaningful progress on addressing climate change and meeting the United Nations 2030 Sustainable Development Goals (SDGs) and the Paris Agreement targets will remain out of reach. The Group of 20 (G20) Independent Experts Group estimates that emerging market and developing […]