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Asia needs better data and disclosures to manage climate risks: IMF

Policy frameworks for the financial sector are expected to take years

Tobias Adrian, a financial counselor at the International Monetary Fund, says climate change could devastate the global financial system. (Courtesy of IMF).

TOKYO -- Providing data and disclosures are vital first steps for Asia to manage risks associated with climate change, which could be devastating both physically and economically, an International Monetary Fund official told Nikkei in an interview.

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