"Low-income countries face a double crisis – they are under pressure to pay down their debt while also confronting environmental problems. That makes them “highly, highly vulnerable, ” Kristalina Georgieva(pic), managing director of the IMF
Washington: The idea of forgiving debt held by poor countries in exchange for “green” investments gained ground this week during the spring meetings of the International Monetary Fund (IMF) and World Bank, with concrete proposals expected in time for a global climate summit this fall.
Low-income countries face a double crisis – they are under pressure to pay down their debt while also confronting environmental problems.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
