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World Bank and IMF criticised over weak climate action
Original: World Bank and IMF’s lack of climate action could make countries bystanders in their own destruction
The World Bank and International Monetary Fund are being accused of failing to take sufficient action on climate change, with critics warning that without stronger intervention, vulnerable countries risk becoming helpless bystanders as climate destruction unfolds in their own territories. The criticism highlights growing pressure on the global financial institutions to overhaul their lending and policy priorities to address the climate crisis more directly.
Why now: Ongoing debate over the role of global financial institutions in funding and driving climate action ahead of international climate and economic policy discussions
World BankInternational Monetary Fund
Evidence
- World Bank and IMF’s lack of climate action could make countries bystanders in their own destruction · Green Central Banking
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