{"id":2594,"date":"2017-12-28T09:52:54","date_gmt":"2017-12-28T14:52:54","guid":{"rendered":"https:\/\/www.bu.edu\/gdp\/?page_id=2594"},"modified":"2025-10-23T10:56:56","modified_gmt":"2025-10-23T14:56:56","slug":"development-finance","status":"publish","type":"page","link":"https:\/\/www.bu.edu\/gdp\/research\/global-economic-governance\/development-finance\/","title":{"rendered":"CLIMATE &#038; DEVELOPMENT FINANCE"},"content":{"rendered":"<p><span>Finance is a key enabler of structural transformation, but to achieve this, development finance institutions need to have the commensurate scale and instruments, as well as strong voice and representation for developing economies and their citizens.<\/span><\/p>\n<p><span aria-label=\"\" class=\"c-mrkdwn__br\" data-stringify-type=\"paragraph-break\"><\/span><span>The Global Economic Governance Initiative\u2019s workstream on Climate and Development Finance explores the roles of development and climate finance institutions \u2013 including multilateral, regional and national development institutions and export credit agencies \u2013 in facilitating development, human well-being and environmental sustainability. This workstream conducts rigorous research, engages with policymakers and advances strategic communications towards these goals. A core priority of this workstream is to ensure that international and national financial institutions place development at the heart of their strategies for a low-carbon, climate resilient future.<\/span><\/p>\n<p>The GDP Center is also a member of the <a href=\"https:\/\/www.bu.edu\/gdp\/task-force\/\">Task Force on Climate, Development and the International Financial Architecture<\/a>, 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.<\/p>\n<h3>Research Highlights<\/h3>\n<style>.gegi-custom .col-sm-margin-half { position: relative; display: block; height: 0; } .gegi-custom .col-sm-margin-half > .landing-calloutCenter { position: absolute; padding-right: 20px; padding-left: 20px; width: 100%; left: 0; top: 50%; display: block; -webkit-transform: translateY(-50%); -moz-transform: translateY(-50%); -ms-transform: translateY(-50%); transform: translateY(-50%); } .gegi-custom h3.landing-calloutTitle { font-size: 28px; text-align:center; margin:0; } .gegi-custom .col-sm-margin-half { background:#02BAB9 center center no-repeat; } @media (max-width: 500px) { .gegi-custom h3.landing-calloutTitle { font-size: 24px; } .gegi-custom div.landing-calloutCenter,.col-sm-margin-half { padding-top: 15%; padding-bottom: 15%; }} @media (min-width: 500px) { .gegi-custom .col-sm-margin-half div.landing-calloutCenter,.col-sm-margin-half { padding-top: 10%; padding-bottom: 10%; }} @media (min-width: 768px) { .gegi-custom .col-sm-margin-half div.landing-calloutCenter,.col-sm-margin-half { padding-top: 15%; padding-bottom: 15%; }} @media (min-width: 992px) { .gegi-custom .col-sm-margin-half div.landing-calloutCenter,.col-sm-margin-half { padding-top: 18%; padding-bottom: 18%; }} @media (min-width: 1200px) { .gegi-custom h3.landing-calloutTitle { font-size: 32px; } .gegi-custom .col-sm-margin-half div.landing-calloutCenter,.col-sm-margin-half { padding-top: 18%; padding-bottom: 18%; }}<\/style>\n<p><!-- END CUSTOM CSS --><\/p>\n<div id=\"GEGI-mainpage\" class=\"gegi-custom\">\n<aside class=\"landing-calloutWrap\">\n<div class=\"col-sm-margin-half\" style=\"background-image: url('\/gdp\/files\/2025\/10\/Untitled-design.png'); width: -webkit-fill-available;\">\n<div class=\"landing-calloutCenter\">\n<h3 class=\"landing-calloutTitle\"><a href=\"https:\/\/www.bu.edu\/gdp\/2025\/10\/10\/putting-development-first-climate-change-and-the-international-financial-architecture\/\">Putting Development First: Climate Change and the International Financial Architecture<\/a><\/h3>\n<\/div>\n<\/div>\n<div class=\"col-sm-margin-half\" style=\"background-image: url('\/gdp\/files\/2023\/09\/Sustainable-Future-Bonds.png'); width: -webkit-fill-available;\">\n<div class=\"landing-calloutCenter\">\n<h3 class=\"landing-calloutTitle\"><a href=\"https:\/\/www.bu.edu\/gdp\/2023\/06\/19\/sustainable-future-bonds-boosting-mdb-lending-and-improving-the-global-reserve-system\/\">Sustainable Future Bonds: Boosting MDB Lending and Improving the Global Reserve System<br \/>\n<\/a><\/h3>\n<\/div>\n<\/div>\n<div class=\"col-sm-margin-half\" style=\"background-image: url('\/gdp\/files\/2023\/09\/World-Bank-Evolution-1.png'); width: -webkit-fill-available;\">\n<div class=\"landing-calloutCenter\">\n<h3 class=\"landing-calloutTitle\"><a href=\"https:\/\/www.bu.edu\/gdp\/2023\/03\/24\/world-bank-evolution-as-if-development-and-climate-change-really-mattered-four-foundations-for-successful-reform\/\">World Bank Evolution as if Development and Climate Change Really Mattered: Four Foundations for Successful Reform<\/a><\/h3>\n<\/div>\n<\/div>\n<div style=\"clear: both;\"><\/div>\n<div class=\"col-sm-margin-half\" style=\"background-image: url('\/gdp\/files\/2021\/07\/joel-filipe-pyHPJEjUYHY-unsplash-copy.png'); width: -webkit-fill-available;\">\n<div class=\"landing-calloutCenter\">\n<h3 class=\"landing-calloutTitle\"><a href=\"https:\/\/www.bu.edu\/gdp\/2021\/07\/29\/who-controls-multilateral-development-finance\/\">Who Controls Multilateral Development Finance?<\/a><\/h3>\n<\/div>\n<\/div>\n<div style=\"clear: both;\"><\/div>\n<div class=\"col-sm-margin-half\" style=\"background-image: url('\/gdp\/files\/2021\/07\/updated-IMF-surveillance.png'); width: -webkit-fill-available;\">\n<div class=\"landing-calloutCenter\">\n<h3 class=\"landing-calloutTitle\"><a href=\"https:\/\/www.bu.edu\/gdp\/imf-covid-surveillance-monitor\/\">IMF COVID-19 Surveillance Monitor<\/a><\/h3>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<aside class=\"landing-calloutWrap\"><\/aside>\n<h3 style=\"text-align: center;\">Latest News &amp; Publications<\/h3>\n<p style=\"text-align: left;\"><ul class=\"news_list category_66\"><li class=\"post_32854\">\n<h4 class=\"news_post_title\"><a href=\"https:\/\/www.bu.edu\/gdp\/2026\/04\/28\/resurgence-to-retirement-global-insights-on-transitioning-away-from-coal\/\">Resurgence to Retirement: Global Insights on Transitioning Away from Coal<\/a><\/h4>\n<span class=\"date\">April 28, 2026<\/span>\n<p class=\"excerpt\">\r\n\r\nBy Kaihui Song\r\n\r\nThe year 2025 recorded the largest net addition to global coal capacity in over a decade, driven largely by China amid the country\u2019s... <a class=\"more\" href=\"https:\/\/www.bu.edu\/gdp\/2026\/04\/28\/resurgence-to-retirement-global-insights-on-transitioning-away-from-coal\/\">[ More ]<\/a><\/p>\n<\/li>\n\n<li class=\"post_32684\">\n<h4 class=\"news_post_title\"><a href=\"https:\/\/www.bu.edu\/gdp\/2026\/04\/08\/cutting-trees-to-balance-budgets-international-monetary-fund-programs-are-associated-with-increased-deforestation\/\">Cutting Trees to Balance Budgets: International Monetary Fund Programs are Associated with Increased Deforestation<\/a><\/h4>\n<span class=\"date\">April 08, 2026<\/span>\n<p class=\"excerpt\">\r\n\r\nInternational financial institutions (IFIs) are increasingly expected to support environmental and climate goals. Among them, the International Monetary Fund (IMF) plays a central role in... <a class=\"more\" href=\"https:\/\/www.bu.edu\/gdp\/2026\/04\/08\/cutting-trees-to-balance-budgets-international-monetary-fund-programs-are-associated-with-increased-deforestation\/\">[ More ]<\/a><\/p>\n<\/li>\n\n<\/ul>\n<\/p>\n<p style=\"text-align: center;\"><a class=\"button\" href=\"\/gdp\/publications\/gegi-news-publications\/\">View more GEGI publications<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance is a key enabler of structural transformation, but to achieve this, development finance institutions need to have the commensurate scale and instruments, as well as strong voice and representation for developing economies and their citizens. The Global Economic Governance Initiative\u2019s workstream on Climate and Development Finance explores the roles of development and climate finance [&hellip;]<\/p>\n","protected":false},"author":10886,"featured_media":14865,"parent":2545,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/pages\/2594"}],"collection":[{"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/users\/10886"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/comments?post=2594"}],"version-history":[{"count":52,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/pages\/2594\/revisions"}],"predecessor-version":[{"id":31500,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/pages\/2594\/revisions\/31500"}],"up":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/pages\/2545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/media\/14865"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/media?parent=2594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}