Two weeks ago, I was in Washington, D.C., where I took part in a panel discussion with Kristalina Georgieva, the new head of the IMF, who emphasised that the IMF is losing no time in preparing to incorporate climate risk into its country analyses.3  B. POLICY The IMF is a sort of interface between central banks and policymakers.
3 Conditions in short-term funding markets, including the interbank market and the commercial paper market, deteriorated sharply. Equity prices fell precipitously, and credit risk spreads jumped. The crisis also began to affect countries that had thus far escaped its worst effects.