Hundreds of representatives from about 80 countries are gathering in Paris to talk about rebuilding a monetary system many say is ill-suited to a changing planet.
Many believe a new international monetary system, one that offers developing countries facing climate crises financial support, might be in the making.
PARIS — An unusual if guarded optimism has descended upon Paris, along with hundreds of world leaders, bankers and climate activists. They have come for a two-day conference billed as the new Bretton Woods. The reference is to the 1944 gathering in New Hampshire where diplomats hammered out the monetary institutions to rebuild countries after World War II — the World Bank and the International Monetary Fund. Now, the goal is to rebuild those systems to weather a looming crisis: the entwined dang
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