Climate love
Image of

Climate love

IMF approves first batch of climate resilience loans

Jamaica is the latest country to get IMF board approval for loans under the Resilience and Sustainability Trust (RST), following the acceptance of Costa Rica, Barbados, Rwanda and Bangladesh in the last six months.
The multi-million-dollar finance packages vary for each country, from $183 million for Barbados to $1.4 billion for Bangladesh, and recipients have different ideas of how they will spend the money.
The RST fund, set up last year, was aimed at redistributing affordable finance from rich to poorer countries, along with policy support to manage macro-economic climate risks. The IMF believes it can also catalyse essential private sector financing to boost climate action and to decarbonise financial markets.

Do you agree?

17 more agrees trigger contact with the recipient

  • Ken Makau

    7 w

    I am interested to know how far this has gotten and if the loans are already working

    • Patrik Lobergh

      65 w


      • Daniel Waweru

        65 w

        Climate addressing measures should be tackled with urgency, This is encouraging.

        • Tabitha Kimani

          65 w

          A very important assistance to poor countries to enable them take climate change actions.

          Welcome, let's solve the climate crisis together
          Post youtube preview with preloading
          youtube overlay

          Write or agree to climate reviews to make businesses and world leaders act. It’s easy and it works.

          Write a climate review

          Voice your opinion on how businesses and organizations impact the climate.
          0 trees planted

          One tree is planted for every climate review written to an organization that is Open for Climate Dialogue™.

          Download the app

          We plant a tree for every new user.