Finance

Barbados PM Urges ‘Absolute Transformation’ Of Finance System

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Barbados Prime Minister Mia Mottley told global leaders that the international financial order needs “absolute transformation” at a summit on Thursday aimed at overhauling the lending system to combat climate change.

“What is required of us now is absolute transformation and not reform of our institutions,” said Mottley, who has become a powerful advocate for reimagining the role of the World Bank and International Monetary Fund in an era of the climate crisis.

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