Kristalina Georgieva said the IMF was considering proposals to ensure climate vulnerable middle-income nations receive support to build back better from Covid-19
The head of the International Monetary Fund has urged rich nations to reconsider the criteria for developing countries to access international finance, saying vulnerability to climate shocks should be taken into account.
At the opening press conference of the IMFs spring meeting, Kristalina Georgieva said income level was the primary consideration when disbursing international finance.
But there are other sources of vulnerabilities, for example high vulnerability to climate shocks. And therefore the international community should look into other factors of vulnerability as we th…
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