The Pit of Misery: Politics and Religion

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And the truth resurfaces, climate change is transfer of wealth...

Rich nations OK $100 bln climate aid at Paris meet​


Fri, June 23, 2023 at 6:35 AM EDT


STORY: Rich countries have finalised a much-delayed package to help developing nations deal with the challenges of climate change.
French President Emmanuel Macron announced the news Friday (June 23) at a summit in Paris:
“During this summit, we obtained very concrete things. We finalised the long-awaited $100 billion climate finance pledge.”
The Paris event brought together some 40 leaders, including two dozen from Africa.
It was meant to boost funding for low-income states, and make progress on reforming post-war financial systems.
The climate pledge still falls far short of poor nations’ actual needs.
But the lack of progress on it had become symbolic of richer countries’ failure to deliver on funding pledges.
Also in Paris, the International Monetary Fund said it had hit its own $100 billion target for raising money to help poorer countries with their debt burdens.
“We have achieved that target and $60 billion of those are already in the fund working for countries.”
Fund Managing Director Kristalina Georgieva said the funds would be lent to developing nations at below market rates.
That money was raised by redirecting rich countries’ so-called Special Drawing Rights, a type of international reserve currency.
The World Bank said it too was working to ease financing for countries hit by natural disasters.
 
PSUTE said:
And the truth resurfaces, climate change is transfer of wealth...

Rich nations OK $100 bln climate aid at Paris meet​


Fri, June 23, 2023 at 6:35 AM EDT


STORY: Rich countries have finalised a much-delayed package to help developing nations deal with the challenges of climate change.
French President Emmanuel Macron announced the news Friday (June 23) at a summit in Paris:
“During this summit, we obtained very concrete things. We finalised the long-awaited $100 billion climate finance pledge.”
The Paris event brought together some 40 leaders, including two dozen from Africa.
It was meant to boost funding for low-income states, and make progress on reforming post-war financial systems.
The climate pledge still falls far short of poor nations’ actual needs.
But the lack of progress on it had become symbolic of richer countries’ failure to deliver on funding pledges.
Also in Paris, the International Monetary Fund said it had hit its own $100 billion target for raising money to help poorer countries with their debt burdens.
“We have achieved that target and $60 billion of those are already in the fund working for countries.”
Fund Managing Director Kristalina Georgieva said the funds would be lent to developing nations at below market rates.
That money was raised by redirecting rich countries’ so-called Special Drawing Rights, a type of international reserve currency.
The World Bank said it too was working to ease financing for countries hit by natural disasters.
Click to expand...
We know who's pockets that money will end up in. :mad:
 
 
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