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Stemming the tide: safeguarding our ocean and economy

· Christine Lagarde, President of the European Central Bank (Euro area (EU))

Summary written by Dark Majestic in its own words · topics: financial stability, development and emerging economies

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· Christine Lagarde Wiki · European Central Bank WikiStemming the tide: safeguarding our ocean and economy

ContextSpeech by Christine Lagarde at the Blue Economy and Finance Forum in Monaco.

Why it mattersLagarde links ocean damage to food security and price volatility, an unusual topic for a central bank.

Problems raised
  1. Ocean damage threatens food security.
  2. Price volatility may rise.
  3. Communities are exposed.
Solutions proposed
  1. Adapt infrastructure to a volatile world.
  2. Listen to affected communities.
  3. Finance ocean adaptation and resilience.
Read full speech on ecb.europa.eu ↗

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