but i certainly think the bank of england has potentially got at least another 25 50 basis points in the tank. we at least another 25-50 basis points in the tank. points in the tank. we will have to find points in the tank. we will have to find out. - points in the tank. we will have to find out. michael, | have to find out. michael, thank you very much. let s return to the world bank imf meetings, because finance chiefs have been talking about how to relieve the multibillion dollar debt burden on poorer countries. there has been broad agreement that that the process of restructuring developing world debt should be sped up. but one key country remains non committal, as our correspondent samira hussain reports from washington. poorer countries currently hold billions of dollars in debt. there is a push to allow those countries to restructure some of that by perhaps using lower interest rates to refinance those loans or even changing the timetable to pay back. now, although the conver
WASHINGTON, April 12 Sharply higher global food and energy prices due to the war in Ukraine are hitting poor countries, and better mechanisms for dealing with sovereign debt stress will be needed to stave off defaults, the IMF said yesterday. “The war in Ukraine is adding risks to.
Yesterday (Thursday April 22) was Earth Day. To mark the occasion, President Biden hosted something called a virtual Leaders’ Climate Summit.
The leaders of major carbon emitting nations joined virtually and pledged to decarbonize the global economy. Biden even said he’d launch an international climate finance plan to underwrite it.
The virtual summit was a bullet point in Biden’s January 27, 2021, climate crisis executive order. The stated intent of the order is:
“…to tackle the climate crisis at home and abroad while creating good-paying union jobs and equitable clean energy future, building modern and sustainable infrastructure, restoring scientific integrity and evidence-based policymaking across the federal government, and re-establishing the President’s Council of Advisors on Science and Technology.”