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 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.
Two crucial issues are dealt with in the new World Investment Report: A fundamental reform of the international investment regime and more coherence between international tax and investment policies. According to the authors of the report there must be no contradiction between the policy imperative of taking action against tax avoidance and facilitating productive investment in sustainable development.
At its 104th conference in the first half of June, the International Labour Organization (ILO) has adopted a new international labour standard that is expected to help hundreds of millions of workers and economic units move out of informality and into the formal economy.
What do the writer-activist Naomi Klein, the academic economist Thomas Piketty, the art curator Okwui Enwezor and the Catholic Pope have in common? A cosmopolitan lifestyle? Concern for humanity? A knack for controversy? All of that. But something more substantive too.