A view of a pool and a beach in the luxury resort area of Nusa Dua on Bali. Leaders, ministers and central bank heads are attending the annual meetings of the IMF and World Bank in Bali this week. Photo: Reuters A view of a pool and a beach in the luxury resort area of Nusa Dua on Bali. Leaders, ministers and central bank heads are attending the annual meetings of the IMF and World Bank in Bali this week. Photo: Reuters
A view of a pool and a beach in the luxury resort area of Nusa Dua on Bali. Leaders, ministers and central bank heads are attending the annual meetings of the IMF and World Bank in Bali this week. Photo: Reuters
Andrew Sheng
Opinion

Opinion

Andrew Sheng

We’re facing a global financial meltdown and climate catastrophe so why is nobody listening, let alone acting?

Andrew Sheng says the world needs to, but probably won’t, deal with a looming financial storm and global warming. The poor are powerless, the rich are complacent and the leader of the free world seems to think climate change is fake news

A view of a pool and a beach in the luxury resort area of Nusa Dua on Bali. Leaders, ministers and central bank heads are attending the annual meetings of the IMF and World Bank in Bali this week. Photo: Reuters A view of a pool and a beach in the luxury resort area of Nusa Dua on Bali. Leaders, ministers and central bank heads are attending the annual meetings of the IMF and World Bank in Bali this week. Photo: Reuters
A view of a pool and a beach in the luxury resort area of Nusa Dua on Bali. Leaders, ministers and central bank heads are attending the annual meetings of the IMF and World Bank in Bali this week. Photo: Reuters
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Andrew Sheng

Andrew Sheng

Andrew Sheng is a former central banker and financial regulator, currently distinguished fellow at the Asia Global Institute, University of Hong Kong. He writes widely on Asian perspectives on global issues, with columns in Project Syndicate, Asia News Network and Caijing/Caixin magazines. His latest book is “Shadow Banking in China”, co-authored with Ng Chow Soon, published by Wiley.