We use cookies and other data for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.
Add this topic to your myFT Digest for news straight to your inbox
The loss and damage fund agreed at the last COP is too little, too late
Multilateral lender says commodity markets still reeling from Russia’s war in Ukraine
G77 nations resist push for World Bank to oversee loss and damage support for poorer nations
Multilateral development banks are a valuable tool — but they need a radical overhaul and we must learn to use them
How to make some sense of our ignorance
Also in today’s newsletter, Africa’s push to reclassify natural resources as part of its wealth
Keeping borrowing costs elevated for longer than expected would not be ‘unreasonable’, says chief economist
Biden’s plan to revitalise the two institutions is partly aimed at countering China’s growing sway among developing nations
Also in this newsletter: Israel lays siege to Gaza, Carney endorses UK shadow chancellor, egg freezing as a work perk
Demand for its crisis lending soaring while interest rates are high has put the fund in a difficult position
Development banks should be part of debt relief
World Bank praises countries for strong fundamentals but says hitting development targets still ‘a long way to go’
Also in this newsletter: Ukraine funding concerns, IMF calls for carbon taxes, Wall Street’s ‘fear gauge’ hits record high
Sluggish post-pandemic recovery, China’s property crisis and US trade policies expected to hinder growth next year
Also in today’s newsletter, ExxonMobil pension fund fined over climate disclosures
The new president will need private investors to back his wider list of global goals
Accenture legal team wins FT award for its work on taking risks with confidence
Changes seen as crucial in helping poorer nations finance the switch from fossil fuels to green technologies
US president seeks funding boost for multilateral lender as need to counter Beijing’s efforts becomes more urgent
Like the Titanic, we have an apparatus that is declared unsinkable, but is far from being so
Officials fear country may perform poorly as scandal-hit survey prepares for relaunch
Highest-profile agreement since Beijing-based group accused of being infiltrated by Chinese Communist party
Initiatives will involve taking more risk in pivot towards climate change and pandemics
Washington and Brussels need to emphasise open and fair dealing in their developing-world rivalry with Beijing
President Bola Tinubu’s agenda offers opportunity to boost growth and reduce hardship levels, says lender
International Edition
