Without Adaptation, Middle East and Central Asia Face Crippling Climate Losses
International cooperation is essential to manage the costs and maximize the benefits of adaptation, particularly for the most vulnerable countries.
Poor and Vulnerable Countries Need Support to Adapt to Climate Change
The poorest countries face the greatest risks from climate change and require international support to finance adaptation.
How the Great Lockdown Saved Lives
By Pragyan Deb, Davide Furceri, Jonathan D. Ostry and Nour Tawk
عربي, 中文, Español, Français, 日本語, Português, Русский
Since the COVID-19 outbreak was first reported in Wuhan, China in late December 2019, the disease has spread to more than 200 countries and territories. In the absence of a vaccine or effective treatment, governments worldwide have responded by implementing unprecedented containment and mitigation measures—the Great Lockdown. […]
Fiscal Policies to Curb Climate Change
By Vitor Gaspar, Paolo Mauro, Ian Parry, and Catherine Pattillo
عربي, 中文, Español, Français, 日本語, Português, Русский
Global warming has become a clear and present threat. Actions and commitments to date have fallen short. […]
A Role for Financial and Monetary Policies in Climate Change Mitigation
By William Oman
July 2019 was the hottest month ever recorded on earth, with countries across the world experiencing record-breaking temperatures. […]
Getting Real on Meeting Paris Climate Change Commitments
By Christine Lagarde and Vitor Gaspar
عربي, 中文, Español, Français, 日本語, Português, Русский
Climate change is the great existential challenge of our times. It is a challenge that spans all regions, with especially severe consequences for low-income countries. […]
A Planet at Risk Requires Multilateral Action
by Signe Krogstrup and Maurice Obstfeld
December 3, 2018
عربي, 中文, Español, Français, 日本語, Português, Русский
A wolf in the snow: the planet isn’t crying wolf as man’s economic activities reach a scale where the global climate is at risk (photo: ImageBroker/ David MichaSheldon/Newscom)
The COP-21 Paris Agreement limiting greenhouse gas emissions was a major achievement on the road to meeting the threat of climate change. But as the evidence becomes increasingly unambiguous that human activity is destabilizing the Earth’s climate and biosphere, policymakers will need to do more. […]
5 Things You Need to Know About the IMF and Climate Change
By Ian Parry
June 8, 2018
Versions in عربي, 中文, Español, Français, 日本語, Português, Русский
A polar bear on shrinking ice in the Arctic: climate change means the world is getting hotter (photo: Sven-Erik Arndt/Newscom)
The world is getting hotter, resulting in rising sea levels, more extreme weather like hurricanes, droughts, and floods, as well as other risks to the global climate like the irreversible collapsing of ice sheets. […]
Staying Ahead of the Next Crisis: Improving Collaboration with Regional Financing Arrangements
By Petya Koeva Brooks, Pragyan Deb, and Nathan Porter
December 21, 2017
Version in 中文 (Chinese), 日本語 (Japanese)
Festival of lights in Chiang Mai, Thailand: Regional financing arrangements, such as the Chiang Mai Initiative, are playing a growing role in crisis prevention (photo: Tejas Tamobhid PATNAIK/newzulu/Newscom)
A decade ago, regional financing arrangements played a limited role in the global financial safety net. However, the global financial crisis has drastically changed the landscape. Governments have created new arrangements—such as the European Stability Mechanism and the Chiang Mai Initiative Multilateralization—and the resources in the global financial safety net tripled between 2007 and 2016. Because of this evolution, and since the time to repair the roof is when the sun is shining, effective and efficient collaboration between the IMF and regional arrangements has become critical to preventing and mitigating crises in many parts of the world. […]