Billionaire investor George Soros, right, has unveiled a proposal to the 192 nations meeting at the Copenhagen climate change conference to provide up to $US110 billion in cash for poor countries to help them develop climate-friendly technology.He suggested that the International Monetary Fund (IMF) use its gold reserves as the collateral for green loans. Under his proposal, countries would hand over their special drawing rights - international foreign currency assets distributed by the IMF as loans. (Australia Network News, 12/11/09)
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