Focus on International Monetary Fund
G20 financial stability watchdog urges broader adoption of climate transition plans
G20's FSB urges standardization of climate transition plans to assess banking risks, as global discrepancies persist.
As COP29 eyes $1 trillion climate fund, some see new taxes as one way to get there
COP29 leaders eye $1T+ yearly for climate aid, exploring taxes on shipping, aviation, fossil fuels, crypto, and wealth to fund efforts.
Fragile countries make $20 billion climate finance push at COP29, letter says
"A flood situation in South Sudan or Somalia creates more catastrophe than it would in any other developing country."
IMF urged to cash in on gold price to help poor countries hit by climate change
IMF should sell 4% of its gold for debt relief to low-income countries hit by climate disasters, says study.
Pakistan to slash winter power tariffs to spur demand, cut gas use
Pakistan will cut winter electricity tariffs to reduce gas use and promote a shift toward clean energy.
World Bank gears up to launch debut debt-for-development swap, treasurer says
Debt swaps have grown in popularity, especially where funds saved are used for environmental projects, so-called debt-for-nature swaps.
Brazil launches platform to attract foreign investment for climate and ecological projects
Brazil launched a $10.8B platform at IMF meetings to fund green projects, targeting energy, industry, and nature solutions.
Unlocking finance at scale to meet climate and development goals
The World Bank and International Monetary Fund (IMF) Annual Meetings (21st -25th October) will bring together Finance and Development Ministers and officials from around...
Windfall tax backlash menaces Spain’s green energy sector
Spain's government has infuriated banking and energy giants by wanting to maintain a windfall tax on them, threatening crucial investments for the country's...
