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 >>>
The world economy stumbled in 2015 and only a modest improvement is projected for 2016/17 as a number of cyclical and structural headwinds persist, says the United Nations World Economic Situation and Prospects (WESP) 2016 report. Global growth is estimated at a mere 2.4% in 2015.
Within a few weeks leftwing governments in Latin America have experienced a breath-taking decline. The Latin American (centre-) left forces suffered several strategic defeats. They occurred in the biggest Latin American economies. First in Argentina, than in Venezuela, and also in Brazil the days of an uncontested majority of left forces are definitely over now.
14 years after their previous strategy on gender mainstreaming, the WBG has decided to develop a new Gender Equality (GE) Strategy. This briefing document presents WIDE+ critical reflections and key recommendations to enhance the new World Bank Group's (WBG) strategy on Gender Equality.
The Euro Zone Summit on 12-13 July 2015 forced the Greek Syriza-led government into accepting practically all demands of the other euro zone states. In return, the Greek government received the prospect that negotiations on renewed credit programme might commence and the vague promise that longer grace and payment periods on the Greek debt might be considered.
Everything is possible. The crisis has reached such a precipitating dynamics, that nobody is able to fully control the process. There might still come a last minute muddling through compromise. But there might also be insolvency and a subsequent Grexit either by accident or by intention.