The international financial architecture and sustainable prosperity

Kevin P. Gallagher

No wp-2025-14, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The international financial architecture is misaligned with the goals set out in the UN Sustainable Development Goals and the Paris climate agreement. External financing flows to emerging-market and developing countries (excluding China) need be increasing by at least US$1 trillion annually from 2030 onwards, but the highest level in the past decade was roughly one-third of what is necessary—with net inflows turning negative since 2021.

Keywords: international financial architecture; Economic development; Environment; Development (search for similar items in EconPapers)
Date: 2025
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