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Tuesday, September 26, 2023

44 countries interested in IMF’s program for tackling climate change: IMF chief


Forty-four countries have expressed interest in joining the International Monetary Fund (IMF)’s 40 billion-U.S.-dollar Resilience and Sustainability Trust (RST), said IMF Managing Director Kristalina Georgieva on Monday.

The facility created a year ago aims to increase the resilience of low-income and vulnerable middle-income countries by providing them with financial support and promoting sustainable economic policies in response to systemic risks such as climate change.

The strong demand for the RST program underscores the urgent need for global cooperation in mobilizing the trillions of dollars in investment in order to put the world on a net-zero emissions trajectory, said Georgieva at an event held on Monday afternoon at the start of IMF and World Bank Spring Meetings week.

The police did not reveal the loss of life on the militants’ side.

The operation was conducted following two blasts that killed four people and injured 19 others in the city on Monday.

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