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World Bank and IMF criticised over weak climate action
Original: bond
Green Central Banking reports that the World Bank and IMF are failing to take sufficient action on climate change, warning that their shortcomings could leave countries standing by as they suffer environmental destruction in their own territories. The argument is that international financial institutions hold major influence over development funding and debt relief, and their slow response limits poorer nations' ability to prepare for climate impacts.
Why now: Criticism of the World Bank and IMF's climate record is drawing attention as climate finance remains a contentious global issue.
World BankIMFGreen Central Banking
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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