Skip to content

IMF and World Bank confront $1.3T climate goal amid global debt crisis

The IMF chief advises financial leaders to 'buckle up: uncertainty is the new normal and it is here to stay.'

A sign of the times in downtown Washington, near the World Bank and IMF headquarters.
A sign of the times in downtown Washington, near the World Bank and IMF headquarters. (AN)

WASHINGTON (AN) — As finance ministers and central bankers gather in the U.S. capital next week, economic uncertainty drags on efforts to tackle climate finance and the sovereign debt crisis among low-income nations.

Leaders from nearly 191 nations will gather for the Annual Meetings of the World Bank Group and the International Monetary Fund amid mounting pressure to deliver on massive financing needs while navigating a global landscape of soaring public debt and rising geopolitical fragmentation.

This article is for paying subscribers only

Join now

Already have an account? Log in

Latest