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Global warming: The year 2022 was a record year on all levels

IMF calls on the private sector to support its climate change fund In an interview with AFP, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, said that the institution’s new fund to help countries cope with the consequences of global warming has not yet been sufficiently funded. The head of the IMF explained that without the mobilisation of the institution’s partners and the private sector, the effects of this new fund would remain “insufficient” in the face of growing needs. Head of the institution said that the IMF has the tools and experience to boost and channel private finance to emerging and developing markets. The IMF Resilience and Sustainability Trust (RST) was launched a year ago and became operational last October. It is currently funded by $40 billion and has already activated loans to Costa Rica and Rwanda.

Canada: Montreal to host biodiversity COP15 after a two-year delay

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