Climate change and policy responses to climate change pose significant risks to financial and fiscal stability, poverty and inequality and the long-run growth prospects of the world economy.

To that end, the Task Force on Climate, Development and the International Financial Architecture is a consortium of experts from around the world utilizing rigorous, empirical research to advance a development-centered approach to climate change across the international financial architecture (IFA). The Task Force believes it is imperative that the global community support climate resilience and transitions to a low-carbon economy in a just manner. The mission of the Task Force is to advance a development-oriented climate policy in the international financial architecture through rigorous empirical research, policy engagement and strategic communications.

Latest Work

• The World Bank Needs an Enhanced Climate Change Action Plan

  June 26, 2026

  By Rishikesh Ram Bhandary, Marilou Uy and Irene Monasterolo As countries grapple with one of hottest years on record alongside the global energy crisis now entering its “worst case scenario,” the World Bank is debating the future of its Climate Change... [ More ]

• Climate Change and External Fragility: Lifeline Fund as a Financial Arrangement for V20 Countries

  April 15, 2026

  On the sidelines of the 2026 World Bank & International Monetary Fund (IMF) Spring Meetings, the Barbados Presidency of the Climate Vulnerable Forum–Vulnerable Twenty Group of Finance Ministers (CVF-V20) announced the launch of a new crisis funding mechanism for vulnerable... [ More ]

View more