CCRT – nationalcourrier.com

Utilizing IMF Gold Reserves to Aid Climate-Vulnerable Nations

February 5, 2025February 5, 2025 - by Allegra Nguyen - Leave a Comment

A study proposes selling 4% of the IMF’s gold reserves to relieve debt in developing countries affected by climate change. Millions globally are burdened by debt, impacting vital services. The …

IMF Recommended to Sell Gold Reserves for Climate-Related Debt Relief

November 13, 2024November 13, 2024 - by Liam Nguyen - Leave a Comment

The IMF has been recommended to sell 4% of its gold reserves to provide debt relief to low-income countries suffering from climate change. A Boston University study emphasizes the insufficiency …