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 >>>
Having avoided a deep depression, stabilized financial markets and recovered the ground lost during the crisis years, there is a growing belief in some policy circles that the global economy is back to normal. But UNCTAD's 2014 Trade and Development Report suggests that tight fiscal policy, flexibilisation of labour markets, active monetary policies and the reliance on buoyant asset prices cannot bring the world economy back to robust health.
South Asia is home to about 22% of the global population; about one third of the population is extremely poor, accounting for about 45% of the global poor living on less than the infamous US$1.25 per day. 70% of the South Asia population lives on less than US$2 per day. With Gini coefficients hovering around 0.35, poverty while omnipresent is less unequal than in many countries of Africa and Latin America.
The EU purports to be part of the solution in Ukraine. Particularly, the EU continues to claim that the proposed Association Agreement will contribute to solving the economic problems of the country. EU Commissioner for Enlargement, tefan Füle, even raised the possibility of eventually offering an EU membership to Ukraine. There are, however, strong indications that the EU approach creates more problems than it solves.
The UN project of the Millennium Development Goals (MDGs) adopted at the UN Summit in 2000 is to expire in 2015. Discussions on a new international post-2015 development approach have started and are pursued in New York, Geneva, and Brussels, and in many capitals all over the world by international organizations, governments and civil society. A personal contribution to the debate.