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Added on the 25/05/2022 10:23:43 - Copyright : France 24 EN
The head of the IMF warns that Western subsidies to combat climate change and encourage the transition to clean energy sources risk hitting developing and emerging markets. "My biggest concern is that something that in principle is very good to accelerate the transition to the green economy by using public money to step up private investment... may not serve well the emerging markets and the developing world," Kristalina Georgieva says at the World Economic Forum in Davos. SOUNDBITE
IMF chief Kristalina Georgieva warns the global recession risks are rising and urges policy action "to regroup and to rethink how can we adopt a more proactive precautionary mindset that we had in the past." SOUNDBITE
IMF chief Kristalina Georgieva urges Britain and other nations to ensure their fiscal policies remain consistent following reports that London is mulling more U-turns for its controversial budget plan. SOUNDBITE
IMF chief Kristalina Georgieva warns that if central banks move too aggressively to tamp down price pressures, it could trigger a "prolonged" economic downturn. SOUNDBITE
UN Secretary-General Antonio Guterres urges wealthy nations to tax fossil fuel companies and use the proceeds to compensate for damage from climate change and provide relief over rising prices. "Let's tell it like it is -- our world is addicted to fossil fuels. It's time for an intervention. We need to hold fossil fuel companies and their enablers to account," Guterres says in an address to open the UN General Assembly. SOUNDBITE
The IMF hopes to mobilise 100 billion dollars from the world's richest countries to be distributed to countries in need, including the Democratic Republic of the Congo, says chief Kristalina Georgieva in Kinshasa during her first trip to Africa since start of Covid-19 pandemic. SOUNDBITE
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