Paris summit leads to new climate finance pact

World leaders at a Paris summit have committed to helping developing nations tackle their debt burdens, as well as the climate transition. Multilateral development banks like the IMF pledged $200 billion towards these nations. The World’s host Carol Hills spoke with Ipek Gençsü, acting climate director of the ODI think tank, about the developments from the summit, as well as why many nations in attendance believe the World Bank and IMF are ill-suited to meet their needs.