Three years since the pandemic started, uncertainties and risks still weigh heavily on the global economy. Stubborn inflation, the cost-of-living crisis, and slower growth effects all of us, but especially hurts the poor and most vulnerable.
Record high debt is holding back developing countries, and the effects of climate change are threatening lives and livelihoods around the world.
On top of all this, Russia’s war in Ukraine and geopolitical fragmentation makes international coordination even more challenging. This conversation will explore how to better finance global public goods and address these challenges together.
World Bank Group President David Malpass and IMF Managing Director Kristalina Georgieva will on Tuesday kick off the Spring Meetings with a discussion on the complex challenges facing the global economy.
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One of the major discussions will be centred on Climate-Friendly finance and energy security.
They have emphasized how important the world needs to triple investment in clean energy to achieve the climate goals set at COP26.
New concerns about energy security could drive efforts to close this daunting investment gap, they said.
Panelists will discuss clean energy finance in the geopolitical context.
