2 December 2009: The Heads of the Multilateral Development Banks and the International Monetary Fund (IMF) appealed in a joint statement to the parties to the UNFCCC to agree in Copenhagen on the foundations for an ambitious, comprehensive and equitable global climate change regime that enables all countries to achieve sustainable development along climate-resilient and low greenhouse gas emission-intensive paths.
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27 April 2009: The Joint World Bank Group (WBG) and International Monetary Fund (IMF) Development Committee met on 26 April in Washington, DC, US, and highlighted that “hard earned progress towards the Millennium Development Goals (MDGs) is now in jeopardy.”
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5 February 2009: After a meeting held on 5 February 2009, in Berlin, Germany, German Chancellor Angela Merkel and the Heads of the Organisation for Economic Co-operation and Development (OECD), the World Trade Organization (WTO), the International Labour Organization (ILO), the International Monetary Fund (IMF) and the World Bank issued a joint statement on the global economic situation, in which they stress the need for the worldwide fight against climate change to remain “a top priority.”
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13 October 2008: The annual meetings of the Boards of
Governors of the International Monetary Fund (IMF) and World Bank took place on
13 October 2008, in Washington DC, US. Finance ministers from developing and
industrialized nations attended the event, which was preceded by a meeting of
the International Monetary and Financial Committee and the Development
Committee. Robert Zoellick, President of the World Bank Group, addressed the
meeting, noting the effects of the current financial crisis on energy and climate
change.
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13 October 2008: The annual meetings of the Boards of
Governors of the International Monetary Fund (IMF) and World Bank took place on
11-13 October 2008, in Washington DC, US. Finance ministers from developing and
industrialized nations attended the event, which was preceded by a meeting of
the International Monetary and Financial Committee (IMFC) and the Development
Committee. The IMFC and seminars during the week addressed the responses to the
current economic crisis, as well as the challenges posed by higher food and
fuel prices.
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29 May 2008: Climate change poses “particularly serious macroeconomic, fiscal, and financial challenges for low-income countries,” said Takatoshi Kato, Deputy Managing Director of the International Monetary Fund (IMF) at the Fourth Tokyo International Conference on African Development (TICAD IV), which convened in Yokohama, Japan, from 28-30 May 2008.
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The International Monetary Fund (IMF) Executive Board held a seminar on the fiscal implications of climate change, on 24 March 2008. The IMF Directors highlighted that the IMF has a distinctive and valuable contribution to make to the task of understanding and dealing with the fiscal challenges from climate change, but cautioned that the Fund's work on climate change should be budget-neutral and limited to its core competencies. With respect to the Fund's country work, the Directors noted that climate change concerns tend to reinforce established Fund advice on fiscal management, for instance in relation to energy subsidies. It was suggested that the Fund's work in this area should be mainly demand-driven, pay special attention to countries where the impact of climate change on external stability is evident and significant, and facilitate the exchange of views on country-experiences.
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