Annually, an extra USD one trillion is needed for investing in climate mitigation in developing countries. In their new paper ‘Leaving no country behind’, the Sustainable Finance Lab (SFL) explores a promising route to fill this investment gap: increasing cheap and long-term loans through the IMF’s Resilience and Sustainability Trust. This can be done by rechanneling special drawing rights that currently sit idle on the balance sheets of high-income countries’ central banks.
Lees verder →SFL member
Hans Schenk
Financial innovations are too often tricks to get better of themselves, at the taxpayer's expense.
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