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It’s the currency, stupid (part 2): is the lowest hanging fruit forbidden? A billions-to-trillions blind spot
As part of their Annual Meeting, World Bank and IMF treat observers to a wealth of data, analyses, and projections. The focus is on climate finance, debt sustainability of Low Income Countries (LICs) and, preferably, some combination of the two. But countries in debt distress tend not to borrow to invest in green infrastructure — so debt’s the horse, climate the cart.