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Climate Change platform
April 13 , 2021
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- The World Bank and International Monetary Fund have launched a platform to advise the poor countries on funding for conservation and climate activities.
- Both the financial organizations will use the platform to factor climate change into negotiations about reducing debt burdens of poor countries.
- According to the World Bank and IMF, there prevail twin global problems.
- They are
- The need to restructure or reduce the heavy debt burden of poor countries
- The need to reduce fossil fuel emissions contributing to climate change
- Therefore, the solution of including climate change into debt restructuring process will help motivate to reduce this.
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