Climate Change and Financial Risk

WASHINGTON DC, Jan 16 (IPS) – Pierpaolo Grippa is a senior economist at the International Monetary Fund (IMF), Jochen Schittmann is the IMF’s resident representative in Singapore and Felix Suntheim is a financial sector expert in the IMF’s Monetary and Capital Markets Department*. Climate change is already a reality. Ever-more-ferocious cyclones and extended droughts lead to the destruction of infrastructure and the disruption of livelihoods and contribute to mass migration.

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