6 September 2005 | Glossary
Special arrangement under which several industrialised countries stand ready to provide substantial temporary loans to the IMF to allow it to lend extra resources to countries to arrest crises which risk impairing the international monetary system.
As renewable energy finance shifts from China to the World Bank, whether the Bank can be a partner for a just energy transition depends on three areas: strong environmental and social oversight, avoiding a new resource curse in minerals and debt relief during crises.
New BWP briefing finds the World Bank counted 70 per cent of energy-sector reforms in Development Policy Financing as having 'climate co-benefits' between 2018-2023 - but most of these promoted a private-led energy transition.
