As the World Bank and International Monetary Fund (IMF) concluded their Annual Meetings in Bangkok this week, civil society groups and policy experts outside the official proceedings released two critical documents challenging the institutions' legacy and prescriptions for Asia, calling for a fundamental overhaul of the global financial architecture.
Global banks funnel nearly $900 billion into deforestation and biodiversity loss, new report reveals
The world’s largest banks and investors are continuing to finance companies responsible for tropical deforestation, ecosystem destruction, and human rights abuses, according to a major new report released by the Forests & Finance coalition. The findings highlight a stark accountability gap in the global financial sector, even as international governments prepare to review critical biodiversity goals.