The Covid-19 pandemic has hit Asia-Pacific particularly hard. In addition to the severe health crisis, the pandemic will have far-reaching and long-term social and economic impacts. The IMF expects growth in Asia to stall at zero in 2020 — the worst performance in 60 years, with the 1997 Asian financial crisis and the 2008 global crisis paling in comparison. One …
By Delaine McCullough, Head Of Climate Finance Accountability, International Budget Partnership — Apr 03, 2019 This post is part of the Fiscal Futures blog series exploring some of the biggest issues that fiscal accountability enthusiasts are likely to encounter over the next 10 to 15 years. Learn more about the Fiscal Futures project and download resources here. 2018 went out of its way …
By Delaine McCullough, Manager, Climate Finance Accountability, International Budget Partnership – Sep 11, 2018 This post originally appeared on the International Monetary Fund’s Public Finance Management Blog on 4 September, 2018. Climate change is arguably the world’s greatest development challenge—and it will also be one of the most significant public finance challenges countries will face for decades to come. The estimated cost …
Climate change, biodiversity loss, degradation of natural systems are the crises threatening the economic and social systems that form the core of society. Failure to halt these crises threatens to increase poverty and inequality and to undermine the vision of the UN Sustainable Development Goals for a sustainable, just and resilient world.The ways that governments raise and spend public money …
There’s been a lot of talk about how much international and national finance is being mobilized to address the climate crisis, but how much are people and families spending to address climate impacts? An important new study from the International Institute for Environment and Development (IIED) begins to shed some light on this largely unanswered question. Join us for this …
Recent studies indicate that bold climate action could trigger about $26 trillion in economic benefits by 2030, create over 65 million new jobs and avoid 700,000 premature deaths. These are staggering statistics that call for ambitious, far-reaching reforms, new governance arrangements, innovative financing and cooperation on sharing technology. While it will take all of us to make this happen, one …
“Climate change is the defining issue of our time – and we are at a defining moment…this is the absolute priority.” UN Secretary General Developing countries are not waiting for international finance to enable their climate response. They have already begun to prioritise billions of dollars of their own scarce domestic resources for climate action. It is difficult to articulate how much is …
