IMF

IISD GSI Event: Fossil-Fuel Subsidies Reform Can Finance Development [viewed]

gsi-fffsr 14 July 2015: Reforming fossil-fuel subsidies can free up funds for investing in sustainable development and reduce global greenhouse gas (GHG) emissions by approximately 10%, according to a high-level side event held at the Third International Conference on Financing for Development (FfD3) in Addis Ababa, Ethiopia. Participants also underlined that current low international energy prices create a window of opportunity for fossil-fuel subsidy reform.

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MDBs Will Collaborate to Mobilize Resources for Achievement of SDGs [viewed]

mdbs_210 July 2015: In the lead-up to the Third International Conference on Financing for Development (FfD), the African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IADB), World Bank Group and the International Monetary Fund (IMF) signaled their intention to extend over US$400 billion in financing over the next three years and to work more closely with each other and with public and private sector partners to mobilize resources to support the achievement of the proposed Sustainable Development Goals (SDGs).

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IMF Estimates Global Energy Subsidies at US$5.3 Trillion [viewed]

IMF18 May 2015: A study by the International Monetary Fund (IMF) concludes that, despite the decline in energy prices, global energy subsidies are “dramatically higher than previously estimated.” The working paper, which presents updated information on regional and global energy subsidies, argues that subsidy reform is in countries' own interests given related fiscal, environmental and welfare benefits.

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International Mother Earth Day Celebrated around the World [viewed]

ban_ki_moon_concert22 April 2015: In celebration of Earth Day, multilateral institutions and organizations worldwide held public concerts and forums, revealed a 'forest pavilion,' and released special newsletters and statements, among many other commemorative activities. The UN kicked off its Earth Day events with Secretary-General Ban Ki-moon speaking at the Global Citizen Earth Day Concert on 18 April in Washington DC, US, where he told the crowd, "Take your passion and compassion and build a better, sustainable world."

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World Bank/IMF Spring Meetings Address Climate Change, FfD and Post-2015 Development Agenda [viewed]

spring_201520 April 2015: At their annual Spring Meetings, the World Bank Group (WBG) and the International Monetary Fund (IMF) addressed a range of issues, from climate change, financing for development (FfD) and the post-2015 development agenda, to the Ebola crisis, job creation, fiscal stability, and fragility and conflict. On the sidelines of the Spring Meetings, the Development Committee held its 91st meeting.

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ECOSOC Begins Meeting with BWIs on Post-2015, FfD [viewed]

ECOSOC20 April 2015: The UN Economic and Social Council (ECOSOC) began its annual special high-level meeting with the World Bank, the International Monetary Fund (IMF), the World Trade Organization (WTO), and the UN Conference on Trade and Development (UNCTAD), with a focus on the theme of ‘Coherence, coordination and cooperation in the context of financing for sustainable development and the post-2015 development agenda.' The meeting brought representatives of the Bretton Woods Institutions (BWIs) together with UN Member States to discuss post-2015 development and the Third International Conference on Financing for Development (FfD 3).

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October 2014 Sustainable Energy Finance Update [viewed]

energy-financeOctober 2014: During the month of October, the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), Inter-American Development Bank (IDB), the World Bank and other donors undertook activities and approved funding for sustainable energy projects in, among other countries, Albania, Austria, Azerbaijan, Comoros, Guyana, Kenya, the Maldives, Mali, Moldova, Morocco, the Netherlands, Romania, Ukraine, Uruguay, Turkey, and Viet Nam.

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CIF Reports on GHG Analysis and Harmonization by MDBs [viewed]

CIF30 October 2014: The Climate Investment Funds (CIF) Administrative Unit has published an information document on work by multilateral development banks (MDBs) in greenhouse gas (GHG) analysis and harmonization of GHG estimation methodologies. The document is based on biennial reports by the MDBs on: current and planned work in GHG analysis; development and application of methodologies for estimating GHG emissions; and joint work to harmonize GHG estimation methodologies among the MDBs.

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CEOs, Finance Ministers Address Climate Change at World Bank, IMF Meetings [viewed]

WB and IMF13 October 2014: The 2014 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) tackled some of the most pressing issues and risks facing the world today, such as the Ebola epidemic, unrest in the Middle East, climate change and lack of money for critical infrastructure.

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IMF Analyzes Co-Benefits of Carbon Pricing [viewed]

IMFSeptember 2014: The International Monetary Fund (IMF) has released a working paper, titled ‘How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits.' The paper assesses, for the top 20 emitting countries, the degree to which carbon pricing is in countries' national interests by analyzing domestic co-benefits before even considering climate benefits.

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