THE INTERNATIONAL MONETARY FUND (IMF) PUSHES FOR "GREEN RECOVERY" POST COVID 19 PANDEMIC

The International Monetary Fund (IMF) has sounded the call for a “green recovery” program and address climate change in the post-Covid 19 pandemic world to assure a bright future for the next generation and beyond.

“If we are to leave a better world for our children,” IMF managing director Kristala Georgieva said, then governments should tackle once and for all the need to fight the climate crisis.

Georgieva said the IMF is ready to help in supporting its member-countries to provide policy advice, financial resources, and capacity development support towards addressing climate change.

Towards this end, the IMF is providing a “global platform for joint action” on climate change and is ready to lend financial support especially to the vulnerable debt-laden countries.

Coming out of one crisis need not be a prelude to getting into another—a ‘green recovery” is our bridge to a more resilient future,” Georgieva said, adding what “we do now will not only reshape our economies and societies, ; it will also reshape humanity’s future on this planet.

Georgieva cited three to-dos for tackling climate change, especially in reducing carbon emissions towards a “green recovery” as a bridge to a more resilient future.

These are the use of public support wisely in addressing climate change, promoting of green finance and putting the right price on carbon. These are very much needed to a great future for humanity, IMF said. #coronavirusimpact #COVID19