ABSTRACT

Models of climate change show that the developing world – already pressed by needs to feed and support growing populations – will likely be impacted the worst by global warming. Yet it is the rich countries of the North that are among the highest greenhouse gas emitters. Consider another scenario: financial assistance packages from the International Monetary Fund (IMF) to countries in the South have required borrower compliance with lending conditions that will produce particular and sometimes drastic effects upon their populations and environmental resources. These conditions largely reflect the economic and political policy prescriptions of the wealthy countries in the North, which collectively control the voting on matters of policy within the IMF. Do these situations warrant concern?