Politics
October 23, 2024
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Sitharaman Urges IMF, World Bank to stick to core competencies, warns against long-term donor dependency

New Delhi: The International Monetary Fund (IMF) and the World Bank (WB) should not drift away from their core competencies, as their decisions impact the global monetary systems, finance minister Nirmala Sitharaman warned on Wednesday. Speaking at a discussion on “Bretton Woods Institutions at 80: Priorities for the Next Decade,” held on the sidelines of […]

Top headlines
October 04, 2024
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G20 environment ministers back funding for forest conservation

SAO PAULO: Environment ministers of the Group of 20 nations agreed Thursday to support the creation of funding sources for ecosystem services, acknowledging Brazil‘s proposal to establish a trust fund for forest conservation.The Brazilian initiative, known as the Tropical Forests Forever Facility, would reward tropical forest countries for protecting critical biomes.Unlike the Amazon Fund, which […]