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The international financial architecture and sustainable prosperity

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  • Kevin P. Gallagher

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.

Suggested Citation

  • Kevin P. Gallagher, 2025. "The international financial architecture and sustainable prosperity," WIDER Working Paper Series wp-2025-14, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2025-14
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    References listed on IDEAS

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