Scientists from 99 nations issued a report in late January that predicted severe climate change. Robert Watson, chairman of the Intergovernmental Panel on Climate Change and chief science adviser to the World Bank said “the poor in developing countries will be the most affected” mainly through droughts and other disasters. In the most extreme projections the report said melting polar ice could raise sea levels by up to three meters over the next 1,000 years. The report is the most authoritative evidence yet to warn that air pollution threatens to drastically shift weather patterns.
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries, but need to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues.
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