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Small developing states are disproportionately vulnerable to natural disasters. On average, the annual cost of disasters for small states is nearly 2 percent of GDP-more than four times that for larger countries. This reflects a higher frequency of disasters, adjusted for land area, as well as...
Persistent link: https://www.econbiz.de/10014408600
The Fund has a role to play in helping its members address those challenges of climate change for which fiscal and … submitted by over 160 countries ahead of the pivotal Climate Conference in Paris in December represent an important step by the … also help mobilize private finance for mitigation activities and spur the innovation needed to address climate challenges …
Persistent link: https://www.econbiz.de/10014408643
This paper reviews the fiscal implications of climate change, and the potential role of the Fund in addressing them. It … and degree-all Fund members. -- Climate change is a global externality problem, calling for some degree of international … fiscal cooperation -- ... and has features-an intertemporal mismatch between the (early) costs of action to address climate …
Persistent link: https://www.econbiz.de/10014409978
Agriculture Organization of the United Nations, the Organisation for Economic Co-operation and Development, and the World Bank …
Persistent link: https://www.econbiz.de/10015301130
increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about …
Persistent link: https://www.econbiz.de/10014406218
Background. The case for sovereign state-contingent debt instruments (SCDIs) as a countercyclical and risk-sharing tool has been around for some time and remains appealing; but take-up has been limited. Earlier staff work had advocated the use of growth-indexed bonds in emerging markets and...
Persistent link: https://www.econbiz.de/10014408735
Organization for Economic Cooperation and Development, and the World Bank reflects the changes and improvements that have been …
Persistent link: https://www.econbiz.de/10014409339
Persistent link: https://www.econbiz.de/10014409721
Reform package. Comprehensive reform of Fund governance-encompassing quotas, ministerial engagement and oversight, the size and composition of the Executive Board, voting rules, management selection, and staff diversity-is essential to enhancing the Fund's long-term legitimacy and effectiveness....
Persistent link: https://www.econbiz.de/10014410320
The paper explores the pros and cons of maintaining the current 'freely usable currency' criterion, and clarifies indicators for assessing it. The freely usable concept and its two key elements-currencies should be "widely used" and "widely traded"-are set out in the Articles and serve important...
Persistent link: https://www.econbiz.de/10014410363