World News

IMF Discuss a New SDR Allocation of US$650 billion to Boost Reserves, Help Global Recovery from COVID-19

March 23, 2021/IMF Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement at the conclusion of an informal discussion of the IMF’s Executive Directors on the technical case for a Special Drawing Rights (SDR) general allocation: “I am very encouraged by initial discussions on a […]

Financial Stability Implications of Climate Change

Governor Lael Brainard March 23, 2021/US Federal Reserve At “Transform Tomorrow Today” Ceres 2021 Conference, Boston, Massachusetts (via webcast) I want to thank Ceres for inviting me to join this discussion. Let me start by noting that these are my own views and do not necessarily reflect those of the […]

How to value and preserve water

March 22, 2021/EBRD By Vanora Bennett Thinking big to protect the world’s biggest natural capital asset Water, the source of life – celebrated today on World Water Day  – is under pressure from climate change. With some regions becoming drier and others ever more exposed to flooding, the need to find […]