Yakov Partners
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Sustainable Finance
- Climate Change
Climate Goals & Targets
Environmental Challenges
- Lagging performance of sustainable finance arrangements
- Fragmentation of world trade
- High concentration of US dollars as a component of sovereign reserves
- Current development funding model predominantly utilized by EMDEs puts them in a vulnerable position
- MDBs' insufficient voice and representation of EMDEs and lagging rates of replenishment
- IMF governance favoring high-income economies
- BRICS CRA hindered by third-party restrictions and lack of analytical capacity
Mitigation Strategies
- Proposals for improving cross-border payments infrastructure
- Proposals for stimulating cross-border investment flow among EMDEs
- Proposals for reassessing high concentration of US dollars in sovereign reserves
- Proposals for reviewing the current development funding model
- Adapting the New Development Bank's operating model
- Proposals for improving IMF governance and SDR's role
- Strengthening BRICS CRA's analytical capacity