ART: ISTOCK / DENKCREATIVE
The IMF took its first major step into the climate change debate in 2008, when a chapter in the World Economic Outlook (WEO) identified climate change as “a potentially catastrophic global externality and one of the world’s greatest collective action problems.”
Demands from IMF members for climate-related work have since increased. Countries need effective policy to respond to economic and financial stability threats and to harness opportunities for growth and job creation offered by the green transition.
So the IMF is putting climate change at the heart of its work—across five main areas.