The trend in basements has been for some time to paint the ceiling rafters as it tends to hide all the distracting pipes, wires, plumbing and such helping to keep your focus on the actual room area.
That was the goal for this project then taking the walls from a very old green to a fresh white brightened up the basement area almost instantly.
Dryfall black paint used for ceilings, Duration in Pure White, Semigloss on the walls.