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At G-7 Summit, World Leaders Must Commit to Increasing Climate Finance for Developing Countries


At G-7 Summit, World Leaders Must Commit to Increasing Climate Finance for Developing Countries
June 9, 2021
The G-7 Leaders’ Summit gets underway soon, from June 11-13, in Cornwall, UK. As host nation for this summit, and the annual climate talks later this year (also known as COP26), the UK will clearly be elevating the need for climate action, alongside dealing with the COVID-19 pandemic and trade issues. One priority that must get urgent attention: richer nations need to make concrete commitments to increasing climate finance for developing countries. Here in the US, forty eight groups, including the Union of Concerned Scientists, have just sent a letter to  Congress calling for increased funding for climate finance in the federal budget. ....

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G7 Finance Ministers & Central Bank Governors Communiqué, 5 June 2021, London, United Kingdom

<p><span>We, the Finance Ministers and Central Bank Governors of the G7, met virtually on 28 May 2021, and Finance Ministers met in London on 4-5 June 2021, joined by the Heads of the International Monetary Fund (IMF), World Bank Group, Organisation for Economic Cooperation and Development (OECD), Eurogroup, and (on 28 May) Financial Stability Board (FSB). We agreed concrete actions to address today&rsquo;s historic challenges and as part of our renewed and urgent effort towards deeper multilateral economic cooperation.</span></p> ....

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EBRD newsletter - Friday 04 June


EBRD President pays first visit to Morocco
EBRD President Odile Renaud-Basso made her first official visit to Morocco in a virtual format on 24 and 25 May. She held high-level meetings with the Moroccan authorities, the business community and civil society. Meetings focused on Morocco’s post-Covid-19 recovery and EBRD investments to support it.
In an interview with the newspaper Aujourd’Hui le Maroc, the EBRD President said: “The EBRD’s new strategic framework focuses on three main priorities, namely the strengthening of social cohesion and the reduction of regional disparities for an inclusive growth, the facilitation of a private sector led economy by improving competitiveness and supporting Morocco s governance reform programme as well as increasing the transition to the green economy through more sustainable energy and infrastructure.” ....

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