Safeguarding Decades of Development: The International Monetary Fund’s Role in Addressing Loss and Damage
Climate-induced loss and damage can affect the macroeconomic health and general well-being of climate vulnerable economies, rolling back decades of development gains. For members of the Vulnerable 20 Group of Finance Ministers (V20) alone, climate-induced losses amounted to 20 percent of their gross domestic product (GDP) over the last two decades. The United Nations Framework […]
