Tag: DRGR

Webinar Summary – The Great Mobilization: Reforming and Strengthening Multilateral Development Banks in the Age of Polycrisis

By Nabil Haque On Wednesday October 4, 2023, the Boston University Global Development Policy (GDP) Center hosted a webinar discussion ahead of the 2023 International Monetary Fund/World Bank Group Annual Meetings on reforming and strengthening multilateral development banks (MDBs) to meet shared climate and development goals. The webinar was moderated by Kevin P. Gallagher, Director […]

The IMF Should be an Analytical Partner on the UN Global Stocktake – Here’s Why

By Rishikesh Ram Bhandary  This is a critical policy moment just weeks ahead of the 28th United Nations Climate Change Conference (COP28) in Dubai where the first-ever assessment of how countries are meeting their climate pledges under the Paris Agreement – the Global Stocktake (GST) – will conclude. This review process will provide countries vital […]

GDP Center Roundup – IMF/World Bank Group Annual Meetings, 2023

By Sayuri Kataoka and Samantha Igo Policymakers are facing a critical inflection point: the window to act on climate change is rapidly closing, climate shocks and overwhelming debt service payments threaten to undo decades of progress and stymie future investments in emerging markets and developing economies (EMDEs), while, concomitantly, the existing international financial system is […]

Multilateral Development Banks Need to be Involved in Debt Relief Efforts – Here’s How It Would Work

By Marina Zucker-Marques With the worsening debt situation in developing countries, the ongoing debt relief negotiations within the Group of 20 (G20) Common Framework have been disappointing. Among many issues delaying debt negotiations (like domestic debt restructuring, sharing information on debt sustainability analysis and debt carrying capacity), the question of whether multilateral development banks (MDBs) […]

Debt Relief by Multilateral Lenders: Why, How and How Much?

As the sovereign debt crisis in the Global South continues to unfold, the lack of involvement of multilateral development banks (MDBs) in debt relief efforts has become a contentious issue among major creditors. Although the Group of 20 (G20) has explicitly called for MDBs to develop options to share the burden of debt relief efforts, […]

Debt Distress and Climate-Resilient Development in Sub-Saharan Africa

Due to multiple external shocks since the outbreak of the COVID-19 pandemic, sub-Saharan Africa (SSA) is facing acute debt distress and new highs in the cost of foreign capital. Concomitantly, the region needs to mobilize a stepwise level of financing to meet shared climate and development goals, under the Paris Agreement climate targets and the […]

GDP Center Round-up: The Summit for a New Global Financing Pact

By Samantha Igo Amid warnings from the Intergovernmental Panel on Climate Change that it is “now or never” for climate action, policymakers meet in Paris this week on June 22-23 for the Summit for a New Global Financing Pact. With the $100 billion climate finance commitment by advanced economies long overdue, and current estimates suggesting […]