The effects of climate change are becoming increasingly acute for Romania s citizens, President Klaus Iohannis said on Tuesday at the Cotroceni Presidential Pal.
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In an earlier paper (and blog) published in March, we assessed the initial five programs supported by the IMF’s the Resilience and Sustainability Trust (RST), a new financing vehicle designed to help countries address climate change and pandemic preparedness. Among our findings, four stood out. Firstly, program measures did not appear sufficiently ambitious to ensure the achievement of the underlying objectives.