COP15: Soros suggests IMF funding

George Soros at the Bella Center suggesting that the rich countries could tap into Special Drawing Rights at the International Monetary Fund to help pay for climate projects in developing countries.
George Soros at the Bella Center suggesting that the rich countries could tap into Special Drawing Rights at the International Monetary Fund to help pay for climate projects in developing countries.
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The Hungarian-born financier George Soros has suggested that an immediate way for industrialised nations to get USD 100 billion to fund developing country climate mitigation would be to tap into the wealth of Special Drawing Rights resources at the International Monetary Fund (IMF).

The issue of funding developing nations in their attempts to offset the effects of climate change, is one of the major topics of contention at the COP15 Climate Summit.

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