FATIMA HUSSEIN and PAUL WISEMAN
Heads of state, finance leaders and activists from around the world will converge in Paris this week to seek ways to overhaul the world’s development banks — like the International Monetary Fund and World Bank — and help them weather a warmer and stormier world.
While restructuring debt and reducing poverty will be part of the summit Thursday and Friday, climate will be the main driver, with representatives from developing nations in Africa, Asia and elsewhere having a prominent seat at the table.
The World Bank and IMF have been criticized for not factoring climate change into lending decisions and being dominated by wealthy countries like the U.S., with the neediest nations most at risk of global warming left out of calling the shots.
While those are the primary problems to solve, some doubt the splashy summit led by French President Emmanuel Macron will be
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za










