At COP28, the World Bank presents a roadmap for trading carbon certificates from forest protection. Incorrect accounting and other problems that have often occurred in the past are intended to be avoided. NGOs are skeptical.
By Kira Huth
Global institutions such as the IMF, the WTO, and the World Bank are increasingly shaped by the rivalry between China and the US. For Beijing, they are bulwarks of the West. China, therefore, wants to counteract by creating its own organizations. The Bulgarian IMF chief Kristalina Georgieva has apparently been caught in the crossfire.
By Frank Sieren
Kristalina Georgieva is the director of the International Monetary Fund. She is accused of manipulating a country's ranking in Beijing's favor during her recent work for the World Bank. US congressmen and economists consider her no longer tenable and are calling for her resignation. Europeans, on the other hand, are coming to her defense. The accusations have not yet been proven. Is China's leadership systematically abusing international organizations for its own ends?
By Felix Lee
