[1/2] International Monetary Fund Managing Director Kristalina Georgieva addresses the media on the fourth day of the annual meeting of the IMF and the World Bank, in Marrakech, Morocco, October 12, 2023.
"So that is to my mind the number one priority for this COP, is to recognise that business as usual has to be dropped."
Several countries were also considering using their 2021 SDR allocation on a bilateral basis alongside IMF programmes, she added.
While the current average price was now around $5 a ton, "clearly there is a long, long, long way to go", she said, citing a preference for carbon taxes but openness to trading systems, as seen in Europe, or U.S.-style standards and rebates.
This is ongoing work at the fund," she said, citing ongoing talks with the World Bank on how it would work.
Persons:
Kristalina Georgieva, Susana Vera, Georgieva, it's, Andrea Shalal, Marc Jones, David Lawder, Alex Richardson
Organizations:
Monetary Fund, IMF, World Bank, REUTERS, International Monetary Fund, Reuters, Growth Trust, Sustainability Trust, African Development Bank, Inter, American Development Bank, Thomson
Locations:
Marrakech, Morocco, Dubai, Paris, Europe