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A Green Fund: From the IMF, George Soros, and the Government of Mexico

On January 30 at the World Economic Forum in Davos, Dominique Strauss-Kahn, the Managing Director of the IMF, announced a possible new initiative – a multi-billion dollar Green Fund (that name is popular – see below) that would help developing countries finance the measures needed to tackle climate change – possibly with partial funding through issuance by the IMF of new Special Drawing Rights (SDRs).