A former finance minister from the global south said to me last week that they are losing trust in the multilateral system because the Western nations that dominate the system have turned inward and no longer lead. Shared three vivid stories: reuters.com/markets/rates-… 1. The west vaccinated itself and then hid behind patent restrictions and export controls and watched the South treat the virus through infection and death.

New research by my colleagues on the Task Force on Climate, Development and the IMF sheds light on the impacts of climate change on global economic stability and the looming debt crisis in the Global South.

🧵 w/ highlights Research by @RegisGourdel + @IreMonasterolo finds that 🇧🇧Barbados' GDP could decline by 38% due to climate transition spillover risks, highlighting the need for economic diversification and tailored financial instruments: gdpcenter.org/Barbados

🏦 For the Review of Keynesian Economics, @JosephEStiglitz and I examine the consequences of @IMFNews surcharges on borrowing countries.

gdpcenter.org/IMF-Surcharges

🧵 When a country decides to borrow from the International Monetary Fund (IMF), they do so as a last resort in the face of economic crisis.

gdpcenter.org/IMF-Surcharges

We’ve seen a lot of comments/takes on our new dataset on China’s Overseas Development Finance and want to set the record straight: First, there was an article in @Diplomat_APAC over the weekend critiquing our work – unfortunately, this piece includes 6 major inaccuracies of what our research is/isn’t, making their piece misleading. The list of errors is shown here: