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US Calls for IMF, World Bank to Abandon Climate Finance

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US Treasury Secretary Scott Bessent on Wednesday criticized the International Monetary Fund (IMF) and the World Bank for deviating from their core mission of promoting macroeconomic stability and development in favor of climate-focused policies and called for more investment in fossil fuels.

Topics:
Macroeconomics, Policy and Regulation, Low-Carbon Policy, Equity and Debt Markets
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