Will blossom of reform bear fruit? Spring Meetings leave too much to do
Changes are afoot at the IMF and World Bank – but debt-squeezed developing nations need far faster access to more finance for climate action
Debt
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Fossil fuel debts are illegitimate and must be cancelled
The Spring Meetings of the World Bank and IMF are a chance to transform outstanding debts for fossil fuel projects into grants for renewable energy systems
In a world first, Grenada activates debt pause after Hurricane Beryl destruction
More creditors are agreeing to suspend debt payments in the wake of weather disasters, but experts say greater financial relief will be needed
Debt relief must break dependence on fossil fuel exports
There is a vicious cycle between fossil fuel reliance and debt, which helps explain why so many oil exporters are heavily indebted
World Bank to suspend debt repayments for disaster-hit countries
A pause on loan repayments can give vulnerable countries breathing space when hit by a natural catastrophe
Rare IMF relief offers a hope of green recovery to debt-laden nations
As the IMF prepares a $650 billion injection of funds into the global economy, there are calls to target support to climate vulnerable nations
Oxfam: Rich countries are not delivering on $100bn climate finance promise
Nearly 80% of climate finance is in the form of loans that must be repaid, adding to the debt burden of the poorest countries, anti-poverty campaigners found