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Time to overhaul the global financial system

NEW YORK — At last month’s COP26 climate summit, hundreds of financial institutions declared that they would put trillions of dollars to work to finance solutions to climate change. Yet a major barrier stands in the way: The world’s financial system actually impedes the flow of finance to developing countries, creating a financial death trap for many.
United States Jeffreyd Sachs International Monetary Fund Centre For Sustainable Development At Columbia University European Central Bank International Settlements

Time to overhaul the global financial system

NEW YORK — At last month’s COP26 climate summit, hundreds of financial institutions declared that they would put trillions of dollars to work to finance solutions to climate change. Yet a major barrier stands in the way: The world’s financial system actually impedes the flow of finance to developing countries, creating a financial death trap for many.
United States Jeffreyd Sachs International Monetary Fund Centre For Sustainable Development At Columbia University European Central Bank International Settlements

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