IMF

IMF Review of Marshall Islands Highlights Climate Change Risks [viewed]

7 October 2011: The International Monetary Fund (IMF) concluded its annual Article IV consultations with Marshall Islands, citing a strong economic recovery since 2009 while cautioning that long-term risks include energy supply and impacts of climate change.

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G20 Summit Preparations Focus on Green Growth [viewed]

6 October 2011: Federal Chancellor of Germany, Angela Merkel, and the Heads of five international agencies met in Berlin, Germany, on 6 October 2011, to call for coordinated policy action to restore confidence and improve sustainable and balanced growth and employment prospects ahead of the G20 Summit to be held in Cannes, France, on 3-4 November 2011. 

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World Bank, IMF Analyze Impact of Economic Crisis on Development [viewed]

24 September 2011: The World Bank and International Monetary Fund (IMF) met in Washington DC, US, for the Annual Meeting of the Board of Governors and issued a Development Committee Communiqué noting that the turbulence in global financial markets, volatile commodity prices and pressures on food security pose critical challenges to the achievement of the Millennium Development Goals (MDGs).

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World Bank-IMF Spring Meetings Highlight Food Security Threat and Support Green Climate Fund [viewed]

16 April 2011: The Development Committee, which advises the Board of Governors of the World Bank and the International Monetary Fund (IMF) on development issues, met on 16 April 2011. It cautioned that economic overheating in some sectors, especially food and energy, is resulting in price pressures and volatility, putting developing countries and especially their most vulnerable populations at risk.

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IMF Recommends Fiscal Instruments and Financial Support to Transform Global Energy System [viewed]

31 March 2011: The International Monetary Fund (IMF) has issued a factsheet on "Climate Change and the IMF," which suggests that stabilizing global atmospheric concentrations of greenhouse gases will require a dramatic transformation of the entire global energy system, and recommends fiscal instruments to internalize environmental costs and large-scale and predictable financial assistance for developing countries to support action on climate change.

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ECOSOC High-Level Meeting with IFIs Addresses Financial Crisis, MDGs [viewed]

11 March 2011: A two-day High-Level Meeting of ECOSOC with the Bretton Woods Institutions, the World Trade Organization (WTO) and the UN Conference on Trade and Development (UNCTAD) was held in New York, US, from 10-11 March 2011, and addressed pressing issues related to the global financial crisis and the achievement of the Millennium Development Goals (MDGs).

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Event: 2011 Annual Meetings of the Bretton Woods Institutions [viewed]

The Annual Meetings of the World Bank Group and the International Monetary Fund (IMF) bring together central bankers, ministers of finance and development, private sector executives, and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development and aid effectiveness. A Civil Society Policy Forum, a program of policy dialogues for civil society organizations (CSOs) will be held from 21-24 September 2011.  

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Event: Spring Meetings of the World Bank and IMF [viewed]

 

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G-20 Notes Progress on Fossil Fuel Subsidies [viewed]

23 October 2010: The G20 Finance Ministers and Central Bank Governors meeting in Gyeongju, Republic of Korea, on 23 October 2010, noted the progress made on rationalizing and phasing out inefficient fossil fuel subsidies.

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IMF-World Bank Development Committee Encourages Collaboration with UNFCCC [viewed]

9 October 2010: The Joint Ministerial Committee of the Boards of Governors of the World Bank and the International Monetary Fund (IMF) on the Transfer of Real Resources to developing Countries (or Development Committee) met on 9 October 2010, in Washington DC, US. The meeting concluded with the adoption of a Communiqué in which ministers recognize the World Bank's work in the area of climate change, including the Climate Investment Funds (CIF), and encourage further collaboration with the UNFCCC.

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