US calls for more IMF, World Bank reforms for climate fight

US Treasury Secretary Janet Yellen said that she backed efforts to boost the lending firepower of the IMF and World Bank to combat poverty and climate change. Speaking on the sidelines of the IMF-World Bank annual meetings in Morocco, Ms Yellen said the global lending system had already changed over time to face new challenges. “It has become common sense that addressing climate change and other global challenges is key to achieving development,” she added.