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Leveraging IMF Gold Reserves for Climate Disaster Recovery Solutions

February 5, 2025February 5, 2025 - by Aisha Khoury - Leave a Comment

A study indicates that selling 4% of the IMF’s gold could alleviate debt for 86 climate-vulnerable countries. As global debt reaches $97 trillion, developing nations are disproportionately affected by both …

IMF Urged to Sell Gold Reserves for Climate Change Debt Relief

November 13, 2024November 13, 2024 - by Liam O'Sullivan - Leave a Comment

The IMF is encouraged to sell 4% of its gold reserves, approximately $9.52 billion, to provide debt relief for low-income countries affected by climate change. Current CCRT funding is inadequate, …