The world has mortgaged its economic and monetary future to uncertainty in the hope that the global economy will roar back after the pandemic. But the real cost of these policy actions could be inflation, financial crisis and a deeper recession.
The Globe and Mail Andrea Shalal Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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In this file photo taken on Oct. 18, 2019 Demonstrators protest the IMF and World Bank s investments in fossil fuels and urge them to confront climate change as they march outside the World Bank and IMF Headquarters during the organizations, Annual Meetings in Washington.
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The World Bank is working with the International Monetary Fund (IMF) on ways to factor climate change into the negotiations about reducing the debt burdens of some poor countries, World Bank President David Malpass told Reuters in a Friday interview.