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Blog Post
March 28, 2023
In April 2022, the IMF board approved the establishment of the Resilience and Sustainability Trust (RST) to provide financial support to countries addressing two key long-term structural challenges, climate change and pandemic preparedness. Almost a year late, the board has approved RST-supported pr...
Blog Post
January 26, 2023
With the abandonment of its Zero COVID policy, the Chinese economy is expected to rebound and contribute substantively to global economic growth in the latter part of 2023. This is projected to add to world demand for oil, more than offsetting falling demand from advanced countries whose economies a...
Blog Post
October 28, 2022
Before the COVID-19 pandemic, the International Monetary Fund estimated that low-income countries would, on average, need to collect an amount equal to at least 5 percent of their GDP in additional revenue by 2030 to achieve the Sustainable Development Goals (SDGs) in five key areas. For many sub-Sa...
Blog Post
April 18, 2022
As developing countries recover from the pandemic, they will need to bring their public finances to a more sustainable position by streamlining public spending and strengthening the revenue base. The need to mobilize additional resources has been exacerbated by the recent economic turmoil triggered ...
Blog Post
June 23, 2021
The COVID-19 pandemic has left a large dent in the government budgets of low-income countries (LIDCs). During 2020, they had no choice but to increase public spending to fight the pandemic at a time when shrinking economic activity depressed their revenues. In this blog post, we argue that whil...
Blog Post
May 24, 2021
US President Biden has proposed an ambitious plan to reduce US emissions to 50 percent of their 2005 levels by the year 2030. Biden’s plan is targeted only at US emissions, but climate change is a global problem. What would happen to global emissions of CO2 if every country in the world took a simil...