Global Economic Governance
The Global Economic Governance Initiative (GEGI) advances policy-oriented research to align global economic governance with development and climate ambitions and deliver green and inclusive prosperity.
RESEARCH SPOTLIGHT
Time is running out to achieve the goals set out in the United Nations 2030 Agenda for Sustainable Development and the Paris Agreement, and emerging market and developing economies (EMDEs) are facing conditions that inhibit their ability to mobilize investment, including historic levels of external debt, higher interest rates and low growth prospects to 2030.
A new report by the Debt Relief for a Green and Inclusive Recovery (DRGR) Project performs an enhanced global external debt sustainability analysis (DSA) to estimate the extent to which EMDEs can mobilize recommended levels of external financing without jeopardizing debt sustainability.
They find that of 66 economically vulnerable EMDEs, 47 EMDEs with a total population of over 1.11 billion people will face insolvency problems in the next five years if they seek to ramp up investment to meet climate and development goals.
Read the Report Read the BlogExplore the research programs
GEGI Publications and News
Subscribe to the GEGI Mailing List
-
Webinar Summary – From First Movers to Market Shapers: The Many Roles of Development Finance Institutions in the Early Phase-down of Coal Plants
April 25, 2024By Samantha Igo On Thursday, April 11, the Boston University Global Development Policy Center (GDP Center) hosted a webinar to discuss findings from a recent report on the role of development finance institutions (DFIs) in the early phase-down of coal plants. [ More ]
-
V20 Debt Review: An Account of Debt in the Vulnerable Group of 20 – 2nd Edition
April 18, 2024The global community’s efforts on climate change have yet to demonstrate the urgent need for immediate action. However, there is now a growing convergence that increasing levels of sovereign debt are inhibiting bold and necessary action on climate and development. The Vulnerable... [ More ]
-
How the IMF Can Strengthen the Resilience and Sustainability Trust to Promote a Just, Global Climate Transition
April 16, 2024By Jwala Rambarran and Fahmida Khatun Developing countries require considerable capital investments to accelerate the shift to low-carbon economies, enhance resilience to climate shocks, address loss and damage, restore biodiversity loss and navigate the cross-border spillovers associated with the global climate... [ More ]
-
Achieving Catalytic Impact with the Resilience and Sustainability Trust
April 16, 2024The Resilience and Sustainability Trust (RST) at the International Monetary Fund (IMF) fills a major gap in both the climate finance and balance of payments architectures. However, the RST will lack effectiveness without significant reform. When viewed against the resource... [ More ]
-
Experts React – IMF Managing Director Kristalina Georgieva Receives a Second Term
April 15, 2024On April 12, just prior to the 2024 International Monetary Fund (IMF)/World Bank Group Spring Meetings in Washington, D.C., the IMF Executive Board voted to renew Kristalina Georgieva as IMF Managing Director for a second five-year term starting in October. [ More ]
-
Preventing a Default on Development and Climate: How Debt Relief Can Support Development Efforts for over 1 Billion People
April 14, 2024By Marina Zucker-Marques Investing in development and climate while maintaining economic and financial stability is a balance that emerging market and developing economies (EMDEs) need to strike in order to meet the United Nations 2030 Agenda for Sustainable Development and the... [ More ]
-
Defaulting on Development and Climate: Debt Sustainability and the Race for the 2030 Agenda and Paris Agreement
April 14, 2024Time is running out to achieve the goals set out in the United Nations 2030 Agenda for Sustainable Development and the Paris Agreement. Not meeting these goals will have tragic impacts on the lives of present and future generations; yet, emerging... [ More ]
-
Webinar Summary – Unexpected Revolutionaries: How Central Banks Made and Unmade Economic Orthodoxy
April 11, 2024By Manuel Cruz On Thursday, March 21, the Boston University Global Development Policy Center hosted Manuela Moschella, Professor of Political Science at the University of Bologna, to present the main ideas of her forthcoming book, "Unexpected Revolutionaries: How Central Banks Made... [ More ]
-
GDP Center Roundup: IMF/World Bank Group Spring Meetings, 2024
April 11, 2024By Tim Hirschel-Burns From April 15-19, policymakers, civil society, researchers and more will gather in Washington, D.C. for the 2024 International Monetary Fund (IMF)/World Bank Group Spring Meetings. These official, high-level meetings will set the direction for the institutions, amid a... [ More ]
-
GDP Center Round-up: Investor-State Dispute Settlement and the Energy Charter Treaty
April 03, 2024By Rachel Thrasher Pressure is building for European Union (EU) member states to execute a coordinated withdrawal from the Energy Charter Treaty (ECT). As of March 2024, the European Council of Ministers approved such a move, considering that the treaty is... [ More ]