IMF to the Rescue on Climate and Sustainable Development? — David Roodman and Michele de Nevers
6/18/12
IMF managing director Christine Lagarde startled IFI watchers last week by warning at a CGD-hosted speech that the world faces “a triple crisis—an economic crisis, an environmental crisis and, increasing, a social crisis.”
Lagarde’s remarks, which I report on at greater length here, would not have been newsworthy coming from the head of an international environmental NGO or even the head of the World Bank, but from the head of the IMF, a citadel of economic orthodoxy, they surprised and delighted many in the development community, especially those alarmed by the looming development impacts of runaway climate change.