'We cannot survive an unabated climate crisis,' says IMF director

Humanity will survive high inflation and periods of recession, no matter how bad their impacts are, especially for the poorest, but not "unshakable climate crises", said the managing director of the International Monetary Fund (IMF), Kristalina Georgieva . When talking about the agenda of the organization's annual meetings, which take place throughout this week in Washington, he reinforced the concern about the impacts of climate, in warnings that have been made since last week in Fund studies, drawing attention, especially , for emerging markets, which, as they pollute the most, have more challenges ahead.

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Isabella Caminoto

October 10, 2022 14:57 AM

.@KGeorgieva: We must strengthen cooperation to face the existential threat to humanity: climate change. We can survive inflation, we can survive recession, but we cannot survive a relentless climate crisis. https://t.co/Sf4ResUuc5 pic.twitter.com/doJevaJKWa
- IMF (@FMInoticias) October 6, 2022

“It's bad to have inflation, but we will survive as humanity, and it's very bad to have recessions. This affectsaria horribly people, 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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This post was last modified on October 10, 2022 15:32 pm

Isabella Caminoto

Lawyer and master's student in International Law, I have democracy and freedom as undeniable flags. I am passionate about animals and believe that the well-being of our planet should be the daily highlight of our society's agenda.