Reported 16 days ago
At the 54th WEF annual meeting in Davos, EBRD President Odile Renaud-Basso emphasized that multilateral development banks are increasingly investing in climate change initiatives, especially amidst concerns over U.S. climate policy under President-elect Donald Trump. Renaud-Basso announced that the EBRD plans to allocate billions towards supporting poorer nations in addressing climate impacts, having committed $7.5 billion to climate finance in 2023 alone. She also warned that rising trade tensions could negatively affect growth in emerging markets and highlighted the importance of steady reform policies in countries like Turkey.
Source: YAHOO