Climate change poses “serious threat” to global growth: IMF chief

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File image of IMF Managing Director Kristalina Georgieva speaking during a Vatican-organized press conference on economic solidarity


© Reuters / Remo Casilli
File image of IMF Managing Director Kristalina Georgieva speaking during a Vatican-organized press conference on economic solidarity


WASHINGTON, Oct 12 (Reuters) – Climate change poses a serious threat to global growth, the head of the International Monetary Fund said on Monday, urging the world’s top emitters to agree on a floor for carbon prices.

IMF Managing Director Kristalina Georgieva told the finance ministers meeting on climate change that countries should also ensure that their stimulus funds aimed at stopping the COVID-19 pandemic go to green investments.

In this way, he said, the world gross domestic product could be increased by an average of 0.7% in the first 15 years of the recovery.

(Reporting by Andrea Shalal; Edited in Spanish by Javier López de Lérida)

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