Nations hope World Bank and IMF are no longer in denial over climate

In a bleak series of IMF and World Bank annual meetings in Washington this week, policymakers left reeling by the Covid pandemic, war in Ukraine and spiralling inflation were reminded by the IMF of yet another crisis: climate change.

“The world has lived through shock after shock after shock,” said IMF managing director Kristalina Georgieva earlier this week. “And there is no pause button on the climate crisis while we deal with…