As the IMF prepares a $650 billion injection of funds into the global economy, there are calls to target support to climate vulnerable nations
As the International Monetary Fund is poised to inject $650 billion into the global economy, indebted low and middle-income countries are exploring ways to leverage the relief into green investments.
In recent months, the plea of vulnerable nations for financial support has risen to the top of the international agenda.
Revenues from the commodity trade and tourism collapsed in 2020, leaving many nations struggling to meet their basic needs, let alone invest in sustainable development.
Cash-strapped governments in Africa, Latin America and the Caribbean do not have the luxury of borrowing cheaply t…
Read the full article at: https://www.climatechangenews.com/2021/03/26/rare-imf-relief-offers-hope-green-recovery-debt-laden-nations/