Latest articles and blogs
-
The IMF is going to significantly step up its climate work
The IMF’s new comprehensive Climate Strategy is a clear signal that the IMF intends to meet the challenge of climate change. The new Climate Strategy emphasizes the significant impacts that climate risks, climate policy actions as well as adaptation and transition needs will have on macroeconomic stability and envisions integrating climate change into most surveillance and capacity development activities.
-
The COVID-19 crisis built up indebtedness and increased external financing needs in low-income countries
The shock of the COVID-19 pandemic and the associated deterioration in the economic outlook has exacerbated solvency concerns and increased the risks of debt restructurings in low-income countries (LICs).
-
Increased flood risks caused by climate change will also affect banks
Due to climate change, extreme weather events will become more frequent, resulting in material damage to buildings and other infrastructure. In Finland, for example, this will probably increase the risk of coastal floods.
-
Could the Green Supporting Factor help mitigate climate change?
The need for sustainable finance has grown because of the urgency to mitigate climate change.
-
Banks must be able to finance firms and withstand loan losses amid the coronavirus pandemic
Regulatory reform has made banks more resilient than they were during the previous crisis. A robust lending capacity is now needed to help Finnish firms through the coronavirus crisis.