As global warming delivers cascading weather disasters, leaders at U.N. climate talks say it’s time to radically overhaul the World Bank and International Monetary Fund.
As global warming delivers cascading weather disasters, leaders at U.N. climate talks say it’s time to radically overhaul the World Bank and International Monetary Fund.
Twenty countries most vulnerable to climate change are considering halting their repayment of $685 billion in collective debt, loans that they say are an “injustice,” Mohamad Nasheed, the former president of the Maldives, says.
The Caribbean is trapped between crushing debt and a climate disaster caused by rich nations. Prime Minister Mia Mottley is battling for a fairer system.
