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Growth, climate in focus as world economic leaders meet

World Bank Group President Jim Yong Kim takes part in a press briefing on October 8, 2015, during the annual meetings of the World Bank Group and International Monetary Fund held on October 8, 2015 in LimaThe search for billions of dollars still needed to fight climate change topped the agenda Thursday as world economic leaders met seeking to kick-start growth while tackling global warming. Two months away from a key UN conference in Paris to strike a comprehensive climate deal, finance ministers and central bank chiefs from 188 countries have put funding to fight global warming atop the agenda along with traditional economic issues as they meet in the Peruvian capital Lima this week. Wealthy nations have pledged to come up with $100 billion a year by 2020 to help poorer nations fight the impacts of climate change, but a report released on the eve of the annual meetings of the International Monetary Fund and World Bank found the world was still $38 billion short of that target last year.

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