New Delhi: Developing economies need to do more domestically to raise financing and deepen domestic capital markets to participate and invest in climate action, said International Monetary Fund managing director Kristalina Georgieva in an interview held during the climate summit in Dubai. As part of the plan, the IMF will start a new programme with the World Bank on tax, …
This year’s COP27 summit will be even more crucial in the backdrop of several extreme weather events – typhoons in Bangladesh, unprecedented floods in Pakistan, heatwaves in Europe, wildfires in North America, dry rivers in China, and droughts in Africa New Delhi: The 27th session of the Conference of the Parties of the UNFCCC or COP27 will be held at …
NEW DELHI: India on Tuesday urged the International Monetary Fund to urgently provide financial assistance to Sri Lanka to help the island nation cope with its worst economic crisis in decades, according to an official statement. Sitharaman “indicated that IMF should support and urgently provide financial assistance to Sri Lanka”, and Georgieva assured her that “the IMF would continue to …
World Bank leaders, including former Chief Executive Kristalina Georgieva, applied “undue pressure” on staff to boost China's ranking in the bank's “Doing Business 2018” report, according to an independent investigation released Thursday. China's ranking in the "Doing Business 2018" report, published in October 2017, rose seven places to 78th after the data methodology changes were made, compared with the initial …
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