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The IMF recognizes the critical importance of the green transformation, and we have stepped up on this issue, including through our partnerships with the World Bank, the Organisation for Economic Co-operation and Development, Network for Greening the Financial System, and others.
We are already incorporating climate considerations in all aspects of our work. This includes economic and financial surveillance, data and capacity development, together with analytical work. And our first ever long-term financing tool, the Resilience and Sustainability Trust, now has more than $40 billion in funding pledges, along with three staff-level agreements with Barbados, Costa Rica and Rwanda.
The support for this instrument shows the enduring power of cooperation to overcome global challenges.
If we don't act now, then the devastation and destruction of climate change — and the threat to our very existence — will only get worse. But if we work together, and work harder and faster, a greener, healthier, and more resilient future is still possible. |