India, April 26 -- The two Bretton Woods Institutions need to build momentum to deliver money for climate finance

Curtains fell rather quickly on the spring meetings of the World Bank and International Monetary Fund (IMF) held last week, but not without sparking key debates. Amid the world's "polycrisis" of increased poverty, food shortages, energy shocks, debt crises, climate change, inflation, and war, the discussions revolved around reforming the global financial architecture . Climate finance discussions were also prominent, setting the stage for deliberations later this year on the New Collective Quantified Goal on Climate Finance at the 29th Conference of Parties to the United Nations Framework Convention on Climate Change (COP29) ...