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The 2024 international agenda of climate and development financing

Published 16 April 2024 in News

Find out the key events on the 2024 international agenda for climate and development financing.

 

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What are the key events of development and climate financing in 2024?

 

  • The Spring and Annual Meetings of the IMF and the World Bank, in April and October 📆, will be the occasion to adopt new measures to reform the practices of these institutions, that will celebrate their 80th anniversary in 2024. This reform is being pushed forward by a growing number of developing countries facing an unprecedented contraction of their fiscal space. Progress is also expected on the recapitalization of the World Bank, the mobilization of its callable capital for development and climate financing, and ambitious commitments for the replenishment of the International Development Association (IDA) on December 5-6.

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  • COP29, which will take place from November 11 to 22 📆 in Baku, Azerbaijan, will be an opportunity to place climate finance at the center of the meetings and make clear commitments to limit global warming to 1.5°C.

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  • The G7 Summit under the Italian presidency will gather heads of States and government from June 13 to 15 📆 in Italy. The summit will be the occasion to pursue discussions on reforming the international financial architecture. Find out here the calendar of G7 and G20-related events in 2024.

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  • The G20 Summit, under Brazilian presidency, will bring together heads of States and governments in Rio de Janeiro. This annual meeting, that’ll be held on November 18 and 19 📆, will be an opportunity to make commitments on the challenges linked to developing countries’ fiscal room for maneuver, in particular the better allocation of IMF special drawing rights, the reform of global tax rules, and the treatment of debt.

    • Further reading