Rich nations must pay more to tackle climate change, G24 says

IMF Chief Economist Pierre-Olivier Gourinchas and IMF Research Department Deputy Director Petya Koeva Brooks take questions during a world economic outlook briefing during the International Monetary Fund and World Bank Group's annual meetings October 22, 2024, in Washington, DC. [AFP]

Richer countries must put more money on the table to support the world's developing and emerging market economies tackle climate and development challenges, or risk undoing recent progress, the G24 group of nations said Tuesday.

"The global community is falling short of attaining climate and development goals, and in providing the commensurate financial support to developing countries towards achieving them," the G24 group announced in a statement.