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World Bank

Public banks agree to check investments against countries' climate plans

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.

US denies rigging loss and damage fund's board

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

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

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

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

World Bank’s baby steps – Climate Weekly

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Developing countries call for new government funds for World Bank

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.

US officials at World Bank spring meeting discuss climate finance reforms

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?

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  

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 

mozambique hydro project threatens to displace farming communities

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

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

India set to push for green World Bank reforms at G20

India set to push for green World Bank reforms at G20

India wants the World Bank to lend more money for climate finance, at cheaper rates, in developing countries and will use its G20 chair to push this agenda

"First step": Reformers react to World Bank plan to free up climate spending

“First step”: Reformers react to World Bank plan to free up climate spending

The bank plans to relax its lending rules to channel more money into projects tackling climate change – but officials pushing the reform say it is too timid

Another sceptic bites the dust - Climate Weekly

Another sceptic bites the dust – Climate Weekly

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World Bank proposes freeing up $4bn by loosening lending rules

World Bank proposes freeing up $4bn by loosening lending rules

The bank is under pressure to free up more money to tackle climate change but one expert said this measure does not go far enough

World Bank outgoing chief David Malpass

World Bank chief to step down early after climate controversy

Last year, the World Bank’s president David Malpass refused to accept the scientific consensus on global warming, leading to calls for the US government to push him out

A storm-damaged road in Mozambique

World Bank moots stronger strategic focus on climate action

A draft document suggests the bank will broaden its “twin goals” of boosting prosperity and ending extreme poverty to encompass climate action

World Bank president David Malpass

US, Germany back ‘fundamental reform’ of World Bank to scale climate finance

A group of 10 countries led by the US and Germany have presented the bank’s management with a plan to reform the institution this week

Mia Mottley builds global coalition to make financial system fit for climate action

Mia Mottley builds global coalition to make financial system fit for climate action

In July, Barbados’ prime minister invited leaders to a retreat to discuss plans to scale-up international finance for the climate frontlines. Now, she’s asking the world for support

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