IMF’s Adrian says world needs $5 trillion annual climate funding by 2030
Multilateral banks working to ‘crowd in’ private finance to meet need
The International Monetary Fund is using its lending firepower in a bid to bring in more private finance to tackle climate change, Tobias Adrian said on November 8.
The IMF’s chief financial counsellor told the audience at the ECCB 40th anniversary global conference/Central Banking Autumn Meetings 2023 in St Kitts to “hold on to your chairs” as he revealed that $5 trillion in annual green investments would be needed by 2030. “These are humongously big numbers,” he said at the event, hosted by
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