By 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 June 30 to July 3 for the highly anticipated 4th International Conference on Financing for Development (FFD4). These rather rare policy events (the last was 10 years ago in […]
By 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 banks (MDBs) to examine the adequacy of their resources to support the sustainable development agenda. After Addis, there was indeed an uptick of general capital increases for MDBs; however, […]
Multilateral 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 20 (G20) agreed on a roadmap to make the MDBs bigger, better and more effective and recommended MDBs conduct resource needs reviews to assess adequacy of resources to meet shareholder […]
By 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 (IMF)/World Bank Spring Meetings kick-off amid a rapid-fire news cycle, tumultuous geopolitical environment and ongoing calls for structural reform to the international financial architecture. While expectations for meaningful progress […]
The current international financial architecture is misaligned with the United Nations 2030 Sustainable Development Goals and the Paris Agreement. External financing flows to emerging market and developing economies, excluding China, need to increase by at least $1 trillion annually by 2030, but the highest level in the past decade was roughly one-third of what is […]
In the 2024 United Nations Pact for the Future, global leaders committed to scaling up and reforming international financial institutions to make them fit to meet the global challenges of the 21st century. Moving forward, there are two vital opportunities for the global community to revive global efforts to address these urgent challenges: the Fourth […]
By Chiara Mariotti and Richard Kozul-Wright 2025 will be a pivotal year for development and climate cooperation, with financial matters coming to the fore at a range of key policy events, from the upcoming Finance in Common Summit taking place at the end of February in Cape Town to the 30th United Nations Climate Change […]
International financing for development has persistently fallen short of developing country needs. That gap has widened dramatically with the onset of the climate crisis, where the costs of climate inaction far outweigh the financing needed in developing countries to catalyze low-carbon, socially inclusive and resilient growth trajectories and adapt to climate-related shocks that are already […]
By Tim Hirschel-Burns In late June, the Fourth International Conference on Financing for Development (FfD4) will take place in Seville, Spain. Despite challenging geopolitical circumstances, the conference – which is the first in 10 years and almost certainly the last FfD before the critical 2030 milestone – will still play a key normative role as […]
By Tim Hirschel-Burns 2025 admittedly presents a dubious landscape for achieving substantive global economic governance reforms. The scale of needs is large—achieving development and climate goals demands trillions more in annual financing and a reorientation of our economic system—while our political context is trending in the wrong direction, with countries cutting international investments and geopolitical […]