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International climate finance is key to managing overall climate risk with many developing countries' climate plans and actions are conditional on getting the necessary financial support. Unsurprisingly, helping fund poorer countries to address climate change is one of the most contentious subjects in climate politics. This article examines the state of play and offers some suggestions to unblock the impasse. [ABSTRACT FROM AUTHOR]

This review draws pragmatic lessons for developing countries to address COVID-19-induced recessions and to sustain a developmental recovery. These recessions are unique, caused initially by supply disruptions, largely due to government-imposed 'stay-in-shelter lockdowns'. These have interacted with falling incomes and demand, declining exports (and imports), collapsing commodity prices, shrinking travel and tourism, decreasing remittances and foreign exchange shortages. Highlighting implications for employment, wellbeing and development, it argues that governments need to design comprehensive relief measures and recovery policies to address short-term problems. These should prevent cash-flow predicaments from becoming full-blown solvency crises. Instead of returning to the status quo ante, developing countries' capacities and capabilities need to be enhanced to address long-term sustainable development challenges. Multilateral financial institutions should intermediate with financial sources at low cost to supplement the International Monetary Fund's Special Drawing Rights to lower borrowing costs for relief and recovery. [ABSTRACT FROM AUTHOR]

The outcome on the debt section of the Addis Ababa Action Agenda saw setbacks from the identification of the need to address the governance flaws in the sovereign debt resolution process agreed in the Doha Financing for Development Conference in 2008. On systemic issues, there was also limited progress in reducing the boom-bust patterns in international financial flows behind the most dislocating development reversals in poor countries. [ABSTRACT FROM AUTHOR]