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.
As the only multilateral, rules-based institution charged with promoting the stability of the international financial and monetary system in order to enable longer-run growth, the International Monetary Fund (IMF) has a central role to play in the transition to a low-carbon and resilient global economy.
To that end, the Task Force on Climate, Development and the International Monetary Fund is a consortium of experts from around the world utilizing rigorous, empirical research to advance a development-centered approach to climate change at the IMF. The global community must support climate resilience and transitions to a low-carbon economy in a just manner, and the role of the IMF in supporting a globally coordinated response is vital.
With just six years until 2030, there is an urgent need to unlock investments and mobilize affordable climate finance in a fiscally sound and financially stable manner. A swift transformation of the IMF is necessary for aligning the international financial architecture with shared development and climate change goals.
A new report pushes for a faster and deeper evolution of the IMF that is both development-centered in its approach to climate and embraces an investment push as a priority goal. It presents three core policy recommendations animated by an IMF 2030 Action Agenda, comprised of concrete reforms to be implemented over the next 12 months.
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GDP Center Round-up: 4th International Conference on Financing for Development
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What Role for the Resilience and Sustainability Trust in Creating Fiscal Space for Climate Vulnerable Countries?
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Strengthening the International Monetary Fund’s Resilience and Sustainability Trust to Promote a Just, Global Climate Transition: Early Evidence from Barbados and Jamaica
April 09, 2025As the only multilateral, rules-based institution responsible for promoting global macroeconomic and financial stability, the International Monetary Fund (IMF) has a central role to play in helping its member countries urgently unlock and mobilize substantial and affordable climate financing. In... [ More ]