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Europe > Ukraine

You are looking at 1 - 5 of 5 items for :

  • Type: Journal Issue x
  • Sustainable development x
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Cover IMF Working Papers
Sovereign Environmental, Social, and Governance (ESG) Investing: Chasing Elusive Sustainability
Ekaterina Gratcheva
and
Bryan Gurhy
This paper evaluates the progression of the sovereign ESG landscape since the initial comprehensive assessment of the sector in 2021 in “Demystifying Sovereign ESG” by conducting a comparative analysis of the current sovereign ESG methodologies of commercial ESG providers. The 2021 study articulated the distinct nature of the sovereign ESG segment from corporate ESG and documented fundamental shortcomings in sovereign ESG methodologies, such as the “ingrained income bias”, lack of consensus on environmental performance, and conflation of risk and sustainability objectives. While sovereign ESG methodologies have evolved since 2021, the significant correlation across providers of aggregate, S, and G scores persist. In response to market demand there has been a notable shift towards greater focus on the E pillar against growing heterogeneity on climate and environmental considerations across ESG providers. The findings underscore the disparity between perceptions and realities in implementing a sustainability strategy within the sovereign debt asset class. This necessitates a reevaluation of sovereign ESG scoring methodologies towards outcome-based metrics and urges a globally coordinated effort to establish robust sustainability measurement frameworks.
Keywords:
ESG; sovereign debt; sovereign ESG scores; sustainability; environmental and climate sustainability; climate financial architecture; ESG provider; ESG methodology; sovereign Environmental, Social, and Governance; ESG landscape; ESG score; Corporate social responsibility; Environmental sustainability; Income; Climate finance; Global; Middle East
Cover Policy Papers
Une stratégie pour le FMI en matière de dépenses sociales
International Monetary Fund. Fiscal Affairs Dept.
,
International Monetary Fund. Strategy, Policy, &amp
, and
Review Department
La question des dépenses sociales connaît un vif regain d'intérêt depuis une dizaine d’années. La montée des inégalités et le nécessaire soutien des populations vulnérables focalisent de plus en plus d’attention, surtout depuis la crise financière mondiale. Parallèlement, le FMI a multiplié ses travaux sur les dépenses sociales. Ce document propose une stratégie pour guider l’action du FMI concernant les différents aspects des dépenses sociales.
Keywords:
PP; spending; spending issue; social spending; fund; effectiveness
Cover Policy Papers
A Strategy for IMF Engagement on Social Spending
International Monetary Fund. Fiscal Affairs Dept.
,
International Monetary Fund. Strategy, Policy, &amp
, and
Review Department
Interest in social spending issues has intensified over the last decade. This reflects concerns about rising inequality and the need to support vulnerable groups, especially in the aftermath of the global financial crisis. In line with this, the Fund has also increased its engagement on social spending issues. This paper outlines a strategy to guide IMF engagement on social spending issues going forward.
Keywords:
PP; spending; spending issue; social spending; fund; effectiveness; IMF surveillance; program policy advice; policy trade-off; Income inequality; Health care spending; Inclusive growth; Social assistance spending; Education spending; Global; IMF engagement; SpendingA strategy; engagement on Social SpendingIMF Executive Board Supports New Strategy for engagement; financing constraint
Cover Policy Papers
A Strategy for IMF Engagement on Social Spending
International Monetary Fund. Fiscal Affairs Dept.
,
International Monetary Fund. Strategy, Policy, &amp
, and
Review Department
Interest in social spending issues has intensified over the last decade. This reflects concerns about rising inequality and the need to support vulnerable groups, especially in the aftermath of the global financial crisis. In line with this, the Fund has also increased its engagement on social spending issues. This paper outlines a strategy to guide IMF engagement on social spending issues going forward.
Keywords:
PP; spending; spending issue; social spending; fund; effectiveness
Cover Policy Papers
IMF Managing Director's Statement to the Development Committee, April 2019
International Monetary Fund
While growth in advanced economies is losing momentum amid trade tensions and policy uncertainty, activity in many emerging and low-income developing countries (EMDEs) has remained more robust, supported by still favorable financing conditions. Differences across EMDEs are large, however, and downside risks are building. Policy priorities include enhancing resilience in response to a more challenging global environment, creating fiscal space for essential development spending, containing debt vulnerabilities, and promoting strong and inclusive growth. Strengthening revenue generating capacity, enhancing public spending efficiency, and addressing infrastructure gaps are critical for reaching the 2030 Sustainable Development Goals.
Keywords:
PP; policy; financial support; debt; policy priority; debt limits policy; policy diagnostic; policy uncertainty; IMF support; debt vulnerability; Inclusive growth; Debt sustainability; Sustainable Development Goals (SDG); Global