“It's bad to have inflation, but we will survive as humanity, and it's very bad to have recessions. This would affect people horribly, especially poor people, but we can survive this as humanity. We cannot survive a climate crisis unabated, so mobilizing today for a more resilient tomorrow is exactly what we must do,” said Georgieva, during the opening debate at the IMF’s annual meetings.
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At the beginning of her speech, she highlighted that unthinkable events have occurred in the last three years and have generated significant impacts. Among them, she cited the pandemic, the Russian invasion of Ukraine and “climate disasters” on all continents.
“We have to work so fast now to make room for the climate problems that developing countries are facing most,” agreed World Bank President David R. Malpass.
(To Estadão Content)
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