Financing climate action vital to economic growth

ECONOMIES need to integrate climate financing into their development initiatives, Finance Secretary Benjamin Diokno said, noting that this is vital for economic growth and development.

"We must strike a balance between achieving sustainable and resilient economic development, and addressing the intensifying climate crisis, which has compounded the complexities of managing public debt and market policies," Diokno said in his video message delivered during the 2023 Spring Meetings of the International Monetary Fund and the World Bank Group.