World Bank
How to fix the finance flows that are pushing our planet to the brink
Commercial banks are financing a huge amount of fossil-fuel and industrial agriculture activities in the Global South – they must turn off the tap
Will blossom of reform bear fruit? Spring Meetings leave too much to do
Changes are afoot at the IMF and World Bank – but debt-squeezed developing nations need far faster access to more finance for climate action
Fossil fuel debts are illegitimate and must be cancelled
The Spring Meetings of the World Bank and IMF are a chance to transform outstanding debts for fossil fuel projects into grants for renewable energy systems
World Bank climate funding greens African hotels while fishermen sink
Climate Home reveals that the World Bank Group has counted support for luxury hotels as climate finance, which experts say fails the most vulnerable
Spring Meetings can jump-start financial reform for food and climate
The World Bank and IMF have a big part to play in raising the $3 trillion needed to help countries meet global development goals and the Paris accord
World Bank approves green reforms, appeals for more money
While technical tweaks should make the World Bank’s capital go further, their impact depends on shareholders injecting fresh funds
Saudi Arabia, Russia urge World Bank to keep funding fossil fuels
Major oil and gas producers hit back at World Bank reforms that aim to channel more money into clean energy
World Bank targets dirty subsidies to fund climate action
The World Bank says it will try to get governments to stop spending public money making fossil fuels artificially cheap
Public banks agree to check investments against countries’ climate plans
Ten multilateral development banks have agreed on how to make sure their investments meet climate goals. But experts told Climate Home the rules do not go far enough.
World Bank to suspend debt repayments for disaster-hit countries
A pause on loan repayments can give vulnerable countries breathing space when hit by a natural catastrophe
World Bank set to take on risk of insuring carbon credits amid market upheaval
As a growing number of developing countries tighten control over carbon markets, MIGA plans to step in to provide political risk insurance and facilitate investments.
World Bank body delays vote on controversial loan to Brazilian dairy firm
Campaigners say the $32m loan to dairy firm Alvoar Lacteos could damage forests in Brazil
Saudi Arabia, Russia push for more World Bank money into carbon capture
At a meeting discussing the World Bank’s stronger focus on climate, Russia has also urged the lender to extend its support for gas projects.
World Bank’s baby steps – Climate Weekly
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Developing countries call for new government funds for World Bank
Developing nations have called for a capital increase for the World Bank, while rich nations want to stick to accounting tweaks.
World Bank steering committee and US urge for reforms on climate lending
At the World Bank’s spring meeting, US Treasury Secretary Janet Yellen called for the adoption of a reform that would free up funds for climate lending.
What’s at stake for climate at the World Bank’s spring meeting?
The World Bank controls tens of billions of dollars which can make a real difference in the fight against climate change. A coalition of nations is pushing for green reforms.
World Bank’s private sector arm to stop supporting new coal
The International Finance Corporation is closing a loophole that allowed its financial clients to continue funding new coal projects
World Bank backs mega dam threatening to displace thousands in Mozambique
The World Bank argues the project will accelerate the energy transition in southern Africa, but people facing displacement say their voices are not being heard
US backs Ajay Banga to lead World Bank in climate fight
The Indian-American businessman is likely to become the bank’s next president, as the US traditionally chooses who leads the institution