IMF urges SWFs to play an active role in the Arctic Region as GDP could be in for a nosedive

Sovereign wealth funds (SWFs) could play an important role, when it comes to sustainable investing in the Arctic region, says International Monetary Fund (IMF) Assistant Director.

Photo: IMF/PR

The International Monetary Fund (IMF) wants ESG integrated in the investments approach in the Arctic Region, reports investors' news site

According to IMF Assistant Director and Advisor of the Monetary and Capital Markets Department Udaibir Das, the economic cost from natural disasters is a 2 to 4 percent decline in GDP.

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