FINANCING THE GLOBAL CLIMATE AGENDA: THE CONTRIBUTION OF INTERNATIONAL FINANCIAL INSTITUTIONS – AN INTERNATIONAL LAW PERSPECTIVE

AUTHOR – AARYA BANKAR, STUDENT AT MODERN LAW COLLEGE, PUNE

BEST CITATION – AARYA BANKAR, INVESTIGATING THE RELATIONSHIP BETWEEN DIET AND MENTAL HEALTH IN ADULT, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (1) OF 2025, PG. 811-816, APIS – 3920 – 0001 & ISSN – 2583-2344.

ABSTRACT

The escalating climate crisis necessitates unprecedented financial mobilization to support mitigation and adaptation efforts globally. International Financial Institutions (IFIs), such as the World Bank Group, the International Monetary Fund (IMF), and regional development banks, play a crucial role in channelling these funds. This article examines the contribution of IFIs to financing the global climate agenda from an international law perspective. It analyses the legal frameworks governing IFI operations, their evolving climate finance mandates, and the challenges they face in ensuring effective and equitable climate action. The article argues that while IFIs possess significant financial leverage, their actions must be aligned with the principles of international environmental law, including common but differentiated responsibilities and respective capabilities (CBDR-RC), and must prioritize the needs of vulnerable states and communities.