🌎The next Climate Pipeline Project meeting will be in May 2025 at Princeton!
This terrific initiative aims to foster junior scholars working on the politics of climate change.
Apply here: harvard.az1.qualtrics.com/jf…
More info and past programs: projects.iq.harvard.edu/clim…
🚨New policy note! I take a deep dive into the IMF-WB Debt Sustainability Framework for Low-Income Countries (LIC-DSF). With rising debt pressures post-COVID, fixing this tool right has never been more important. Let me explain why... A 🧵
🚨🚨🚨New FDL policy note! 🚨🚨🚨
In this note, @ClemensGvL rolls up his sleaves to lift the hood of the Debt Sustainability Framework for Low Income Countries and detail its machinery
findevlab.org/lifting-the-ho…
"Uncertainty about the future path of U.S. budget policy is likely to have a big impact on other governments, the IMF said. Increasingly, changes in the interest rates that governments pay are driven not by changes in their own circumstances...." [1/2]
"but by changes to the outlook for U.S. budget policy and the interest rates set by the Federal Reserve." [2/2]
wsj.com/economy/global/imf-w…
On how the democratic advantage is conditional on global rates (and US fed rates), see cambridge.org/core/journals/…
Thrilled to be part of the 2024 Global Economy and Financial Stability conference.
Geopolitics, debt, monetary policy, the G-20 and so much more!
kdi.re.kr/eng/share/conferIn…
Interesting Africa Report piece on Afrexim's efforts to get Preferred Creditor Status in debt restructurings.
The IMF said it "does not determine or grant preferred creditor status" - but has previously said it classifies Afrexim as a commercial creditor
theafricareport.com/356219/u…
A G20 communique is a recognition of the enormous effort by Brazil to achieve actionable outcomes. That being said, it is also necessary to highlight that efforts on transparency are floundering. Most contractual terms on debt treated under CF are yet to be published.
(There’s also the issue, of course, of how governments respond to protestors, in a place where they have long been concerns about the actions of security forces).
These protests — and the tax bill sparking them — illustrate the difficult domestic politics involved in implementing reform programs.
The tax bill generates government revenue, but also will raises the cost of living, esp for working class citizens.
nytimes.com/live/2024/06/25/…
""Investors sold French stocks and government debt for a second consecutive day on Tuesday, as markets digested the possibility that RN, which advocates tens of billions of euros of extra public spending, could take or share power following the elections."
In our latest policy brief, PSFL Graduate Fellow @christian_baehr discusses the implications of persistently high commodity prices for government policies.
psfl.princeton.edu/document/…