Just eight weeks after IMF Managing Director Dominique Strauss-Kahn ventured the expertise of his organization to help the international community to “think outside of the box” on climate financing, the IMF staff has delivered: Print-fresh from Washington’s 19th Street comes a short, but content-heavy paper by two IMF economists on how an international Green Fund partially financed by climate-SDRs could be set-up with the goal of generating some US$ 100 billion per year by 2010. By Liane Schalatek
The good news: the IMF says it does not want to create, finance or manage the Green Fund — unless, of course, a G20 decision might force the institution to do it anyway… Alas, this seems at present quite unlikely, since apparently the IMF’s Board of Directors already rejected the proposal in a formal board meeting a few weeks ago ... ... this article will come up in WDEV 2/Mar-Apr 2010 and is for subscribers only. For direct log in >>> click here.If you have no subscription >>> pick your option or >>>
Plans for a Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States have sparked considerable debate. However, Rainer Falk and Barbara Unmüßig consider a topic thus far left out of critical debate: TTIP's implications for the "rest of the world," particularly for developing and emerging economies.
Three months after elections, a new cabinet was sworn in end of February in Kathmandu. The two largest parties have formed a coalition, with the new Prime Minister from the Congress Party, and 18 ministers from the Congress and UML parties. The mainstream Maoists voted in support but did not join an initially foreseen unity government. Where does the country stand at this moment?
The negotiations between EU and US on a Transatlantic Trade and Investment Partnership (TTIP) are in full swing. The project is not only intended to reduce tariffs between the world economy's two biggest trading blocs; its primary aim is to dismantle and/or harmonise a wide spectrum of regulations. Investment liberalisation and protection also will be central issues.
The number of young people of working age in the world's 49 poorest nations is increasing by 16 million per year, and in each one of 11 such countries it will climb by at least half a million per year, a new UNCTAD report says. The organization recommends that the governments of the globe's least developed countries (LDCs) intensify efforts to employ this vast resource - currently largely underemployed, or trapped in vulnerable, low-paid jobs.
This week, the UN General Assembly (GA) will assess the Millennium Development Goals (MDGs) - their progress and gaps - and officially launch the intergovernmental discussion on a new, sustainable development agenda - perhaps to be encapsulated as sustainable development goals (SDGs).