Christine Lagarde, Managing Director of the IMF, By Français : Fonds monétaire international (identité du photographe non mentionnée) – http://www.imf.org/external/np/adm/pictures/caption2.htm, Public Domain, https://commons.wikimedia.org/w/index.php?curid=40012953
Guest essay by Eric Worrall
In 1944, the International Monetary Fund was created by world leaders, reeling from the devastation of war and depression, to try to maintain global financial stability – to try to avoid a repeat of the mistakes which led to the Great Depression. But Christine Lagarde, the current head of the IMF, has a new vision; she wants the IMF to become involved in the anticipated $100 billion per annum climate wealth transfers to poor countries.
IMF’s Lagarde eyes subsidies, simple things to tackle climate change
Turning the tide on global warming should be tackled by big and small steps that range from cutting subsidies to riding bicycles, International Monetary Fund managing director Christine Lagarde said on Friday.
“Removing fossil fuel subsidies…
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