A social democratic, green, mission-oriented budget
In contrast to the usual approach to a budget discourse based on ideas around raising taxes, and expenditure allocations with slight hints of expanding the tax base, and having progressivity,…
Climate-vulnerable nations lead the way on finance reform
When Barbados Prime Minister Mia Mottley laid out a plan to fix the international financial architecture at climate talks last year, she galvanised world leaders on reforms that had languished…
Climate change crisis and multilateralism
‘I played a key role as chair of the African Union during the Covid period. We felt like we were beggars when it came to vaccine availability. When we felt…
Paris climate summit gives fresh impetus to development bank reform
A Paris summit to discuss reforming the world’s financial system scored some notable wins that should tee up greater action before climate talks later this year, though some participants were…
IMF, others should give $100bn climate FX guarantee
A top-level meeting in Paris next month will lay out a $100 billion plan to drive more money into climate and development finance in poorer countries by providing currency guarantees…
A mission-oriented Budget
Never before in 75-year history of the country has Annual Budget been so important. Now that Pakistan has struggled to restart the International Monetary Fund (IMF) programme even though it…
An immediate call for a second Bretton Woods
The world is facing an existential threat in the shape of climate change crisis, with one of the main outcomes in the shape of a likely Pandemicene crisis – where…
A retarding economic growth outlook: IMF and ‘Chicago boys’ in a fix
‘The International Monetary Fund war-ned that its outlook for global economic growth over the next five years is the weakest in more than three decades, urging nations to avoid economic…
Climate-hit island pushes to reshape World Bank, IMF
While conflict and inflation will dominate World Bank spring meetings next week, campaigners are pushing for a redesign of global financial architecture to help countries cope with climate change. Experts…
Incoming World Bank chief faces tests before he gets to climate
Ajay Banga, US President Joe Biden’s pick to run the World Bank, will face a tough slate of issues around the institution’s finances and capital structure from the get-go, thorny…
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