Secretary Purisima to IMF and WB: It is time for a formal risk-sharing agreement on climate change

Secretary of Finance Cesar V. Purisima attended “The Economics of Climate Change: An Informal Ministerial Meeting” during the 2014 Spring Meetings of the International Monetary Fund (IMF) and The World Bank in Washington D.C. on April 11, 2014. During the high-level ministerial meeting, Purisima urged ministers to develop a formal risk sharing mechanism to address the increasingly costly effects of climate change.