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IMF Seeks Updated Standards on "Governance" Issues
June 08, 2018
The Executive Directors of the International Monetary Fund (IMF) have called for new internal guidance for the development institution on how "to promote more systematic, effective, candid, and evenhanded engagement" related to governance issues in countries in which the IMF operates, including on corruption and "rule of law" issues.
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NGOs Criticize Banks for "Backsliding" on Fossil Fuels
June 08, 2018
A group of nongovernmental organizations has published its latest edition of a report grading 36 of the largest global banks on their support for projects and corporations using "extreme" fossil fuels - including liquefied natural gas - finding that US and Canadian banks are "backsliding" on their public commitments to shift investments to renewable energy sources.
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World Bank Fund Pushes Climate Action Across Economy
June 07, 2018
The World Bank has published a press release about how its BioCarbon Fund's Initiative for Sustainable Forest Landscapes is seeking to drive climate action by rewarding countries with financing for measuring and reducing a broad range of greenhouse gas emissions in the forestry, agricultural, energy, and other sectors.
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World Bank Prioritizes "Climate-Smart" Development Funding
June 07, 2018
In an article pushing "middle income countries" to do more to meet their commitments under the 2015 Paris climate accords, the World Bank Group touts the $12.8 billion it used to finance "climate-related" projects in fiscal year 2017 and illustrates how the development institution is broadly and increasingly prioritizing the threat of global warming in its funding decisions.
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World Bank Panel Seeks Climate Adaptation in South Asia
June 07, 2018
Predicting that 800 million South Asians are at economic risk due to the future catastrophic impacts of global warming, the World Bank recently hosted a panel exploring "concrete climate actions and adaptation strategies" Asian countries must adopt to limit their exposure to such threats.
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