Review of the Climate Macroeconomic Assessment Program Pilots
Title | Review of the Climate Macroeconomic Assessment Program Pilots PDF eBook |
Author | International Monetary Fund. Fiscal Affairs Dept. |
Publisher | International Monetary Fund |
Pages | 34 |
Release | 2023-06-16 |
Genre | Business & Economics |
ISBN |
This paper reviews the two Climate Macroeconomic Assessment Program (CMAP) pilots and proposes a way forward. It builds on the experience of the previous six Climate Change Policy Assessment (CCPA) pilots, and the recent rollout of the World Bank’s Country Climate and Development Report (CCDR). It also accounts for early experience with countries requesting support under the Fund’s Resilience and Sustainability Trust (RST). Based on the lessons from pilots and recent developments, staff proposes to streamline the CMAP to focus on the Fund’s comparative advantages in the areas of mitigation, PFM and macro-fiscal impact of climate change policies, provide a streamlined CMAP in exceptional circumstances, and expand more targeted CD in particular in support of RSF countries. This focused and tailored approach would benefit members as it is more agile, allows the Fund to serve more members within the same resource envelope and enhance synergies with other Fund products and the World Bank’s CCDR.
Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature
Title | Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature PDF eBook |
Author | Signe Krogstrup |
Publisher | International Monetary Fund |
Pages | 58 |
Release | 2019-09-04 |
Genre | Business & Economics |
ISBN | 1513512927 |
Climate change is one of the greatest challenges of this century. Mitigation requires a largescale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments. Some tools and policies raise unanswered questions about policy tool assignment and mandates, which we describe. The literature is scarce, however, on the most effective policy mix and the role of mitigation tools and goals in the overall policy framework.
After Paris
Title | After Paris PDF eBook |
Author | Mrs.Mai Farid |
Publisher | International Monetary Fund |
Pages | 46 |
Release | 2016-01-11 |
Genre | Business & Economics |
ISBN | 1513516957 |
This paper discusses the implications of climate change for fiscal, financial, and macroeconomic policies. Most pressing is the use of carbon taxes (or equivalent trading systems) to implement the emissions mitigation pledges submitted by 186 countries for the December 2015 Paris Agreement while providing revenue for lowering other taxes or debt. Carbon pricing in developing countries would effectively mobilize climate finance, and carbon price floor arrangements are a promising way to coordinate policies internationally. Targeted fiscal measures that are tailored to national circumstances and robust across climate scenarios are needed to counter private sector under-investment in climate adaptation. And increased disclosure of carbon footprints, stress testing of asset values, and greater proliferation of hedging instruments, will facilitate low-emission investments and climate risk diversification through financial markets.
Macro-Fiscal Implications of Climate Change: The Case of Djibouti
Title | Macro-Fiscal Implications of Climate Change: The Case of Djibouti PDF eBook |
Author | Mr.Alexei P Kireyev |
Publisher | International Monetary Fund |
Pages | 30 |
Release | 2018-11-01 |
Genre | Business & Economics |
ISBN | 1484380819 |
This paper reviews the significant macro-fiscal challenges posed by climate change in Djibouti and the costs of mitigation and adaptation policies. The paper concludes that Djibouti is susceptible to climate change and related costs are potentially large. Investing now in adaptation and mitigation has large benefits in terms of reducing the related costs in the future. Reforms to generate the fiscal space are therefore needed and investment for mitigation and adaptation to climate change should be built into the long-term fiscal projections. Finally, concerted international efforts and stepping up regional cooperation could help moderate climate-related macro-fiscal risks.
Thirteenth Periodic Monitoring Report on The Status of Management Implementation Plans in Response to Board-Endorsed IEO Recommendations
Title | Thirteenth Periodic Monitoring Report on The Status of Management Implementation Plans in Response to Board-Endorsed IEO Recommendations PDF eBook |
Author | International Monetary Fund. Office of Internal Audit |
Publisher | International Monetary Fund |
Pages | 101 |
Release | 2023-12-08 |
Genre | Business & Economics |
ISBN |
Overall, progress has been made since the Twelfth PMR on actions in response to eight IEO evaluations, with the pace of implementation being faster on actions October 31, 2023 THIRTEENTH PERIODIC MONITORING REPORT 2 INTERNATIONAL MONETARY FUND contained in the MIP in Response to the Executive Board-Endorsed Categorization of Open Actions in Management Implementation Plans. It is also worth mentioning that many open actions depend on the implementation of some important reviews/key steps that are expected to be completed in or soon after December 2023, such as the Capacity Development (CD) Strategy Review, the issuance of a new CD Guidance Note, an update of the Small Developing States Staff Guidance Note (SDS-SGN), the Operational Guidance Note (OGN) on Program Design and Conditionality, and a Board paper on Bank-Fund collaboration.
Samoa: Technical Assistance Report—Climate Macroeconomic Assessment Program
Title | Samoa: Technical Assistance Report—Climate Macroeconomic Assessment Program PDF eBook |
Author | International Monetary |
Publisher | International Monetary Fund |
Pages | 62 |
Release | 2022-03-21 |
Genre | Business & Economics |
ISBN |
Samoa is highly exposed to natural hazards such as tropical cyclones, earthquakes, tsunamis, droughts, and floods. These damage economic growth and impact debt sustainability adversely. Increasing frequency and intensity of coastal storms are likely to amplify damage to infrastructure and livelihoods. Slow-moving climate stresses such as sea level rise and increasing heat hazard are also likely to impact potential growth in the main economic sectors such as agriculture, fisheries, and tourism.
FY2023-FY2025 Medium-Term Budget
Title | FY2023-FY2025 Medium-Term Budget PDF eBook |
Author | International Monetary |
Publisher | International Monetary Fund |
Pages | 56 |
Release | 2022-05-27 |
Genre | Business & Economics |
ISBN |
FY2023-FY2025 Medium-Term Budget