World Bank Group shifts focus from finance targets to development outcomes
The World Bank Group has announced an ‘extension’ of its Climate Change Action Plan (CCAP), which will see it shift…
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World Bank announces support for Egypt’s green economy transition
The World Bank Group has approved a $1 billion financing package to support Egypt’s transition to a greener economy, as…
Beko secures €100m loan to bolster innovation in energy efficiency
Home appliance firm Beko has secured a €100 million sustainability-linked loan from the International Finance Corporation (IFC), which will support…
More than 121 million people are employed in the circular economy
Between 121 and 142 million people are employed in the circular economy around the world, a new report by Circle…
Spain contributes to World Bank’s Livable Planet Fund (LPF)
Spain has become the latest country to contribute to the World Bank’s Livable Planet Fund (LPF), as part of a…
WRI, World Bank assess nature-based climate solutions in Africa
The World Resources Institute (WRI) and the World Bank have published a report exploring the challenges involved in implementing nature-based…
The Adaptation Fund’s Saliha Dobardzic on the need to empower communities to drive change
The Adaptation Fund was established in 2010 to assist vulnerable communities in developing countries adapt to climate change. Backed by…
IFAD, World Bank and GAIN to boost transparency in food systems transformation
The International Fund for Agricultural Development (IFAD), the World Bank, and the Global Alliance for Improved Nutrition (GAIN) have come…
World Bank extends ‘lifeline’ to small nations affected by disasters
The World Bank Group has announced a funding extension to countries struggling to rebuild from disasters, enabling small, vulnerable states…
Multilateral development banks share climate finance projection at COP29
A group of leading multilateral development banks (MDBs) have shared an estimate of their annual collective financing for low- and…
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