international monetary fund
Who pays the bill for climate change?
A plan led by Barbados could remake the way the world of finance deals with the climate crisis.
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At Cop27, plans to overhaul the IMF and World Bank gain traction
As global warming delivers cascading weather disasters, leaders at U.N. climate talks say it’s time to radically overhaul the World Bank and International Monetary Fund.
Photo by Markus Spiske on Unsplash
At COP27, plans to overhaul the IMF and World Bank gain traction
As global warming delivers cascading weather disasters, leaders at U.N. climate talks say it’s time to radically overhaul the World Bank and International Monetary Fund.
20 nations at high risk from global warming might halt debt payments
Twenty countries most vulnerable to climate change are considering halting their repayment of $685 billion in collective debt, loans that they say are an “injustice,” Mohamad Nasheed, the former president of the Maldives, says.
Barbados will be among the first to receive climate money from new IMF resilience trust
Under the program, the Caribbean nation is set to receive $183 million for climate-focused spending from a $45 billion trust set up by the IMF.
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Who pays for climate havoc?
There’s growing grievance against a global system that saddles developing countries with debt after extreme weather disasters.
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The Barbados rebellion: An island nation's fight for climate justice
The Caribbean is trapped between crushing debt and a climate disaster caused by rich nations. Prime Minister Mia Mottley is battling for a fairer system.
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