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Task Force Urges World Bank and International Monetary Fund to Prioritize Climate, Restructure Lending Policies
As the World Bank and IMF hold annual meetings in Washington, D.C., a new report calls for these institutions to reform their lending models to drive the clean-energy transition and help developing countries withstand climate shocks.
By Martha Pskowski, Aman Azhar
Economists from Asia, Africa and other regions are urging international financial institutions to reform their loan frameworks and mobilize more resources to help developing countries transition off fossil fuels and become climate-resilient.