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Showing 1 - 10 of 49 results for "World Bank"

Ex-Moody's chief rejoins standards setter

ROSE MARY PETRASS  |  MONDAY, 1 JUL 2024  |  NEWS
... IFRS Sustainability Disclosure Standards. This comes as the International Finance Corporation (IFC), a member of the World Bank Group, and the IFRS Foundation, recently signed an agreement to strengthen sustainable capital markets by improving sustainability ...

Gender gap to close in 134 years: World Economic Forum

ELIZA BAVIN  |  MONDAY, 17 JUN 2024  |  NEWS
... every industry and economy, with women accounting for 42% of the global workforce and 31.7% of senior leaders. The World Bank estimated that closing the gender gap in employment and entrepreneurship could increase global GDP by more than 20%. "The slow ...

Climate group exodus unlikely to hinder climate action: IGCC

ROSE MARY PETRASS  |  THURSDAY, 7 MAR 2024  |  NEWS
... The firm told FS Sustainability its policies will continue to be informed by the Equator Principles, alongside the World Bank and the International Finance Corporation. FS Sustainability reached out to the other three major US firms that exited the Equator ...

WEF to unlock US$2.8 tr clean energy investment in global majority nations

ROSE MARY PETRASS  |  MONDAY, 22 JAN 2024  |  NEWS
... a recent report produced by the International Energy Agency, in collaboration with the World Economic Forum and the World Bank. Also at the WEF annual summit, leaders were called upon to demonstrate responsible leadership and cooperation in addressing ...

World Bank breaks record with US$5b sustainable development bond

ROSE MARY PETRASS  |  MONDAY, 8 JAN 2024  |  NEWS
The World Bank has launched a $5 billion, seven-year bond set to mature in January 2031. The international development bank seeks to end extreme poverty and promote prosperity, with funds raised by the bond to be used towards furthering Sustainable ...

COP28: Australia signs Glasgow statement to end public finance for fossil fuels

ROSE MARY PETRASS  |  WEDNESDAY, 6 DEC 2023  |  NEWS
... Australia has funnelled up to one-fifth of our international aid annually to multilateral development banks like the World Bank, which are still funding fossil fuel projects. Precious aid dollars should lift people in low-income countries out of poverty ...

Australia joins COP28 gender and just transition partnership

RACHEL ALEMBAKIS  |  TUESDAY, 5 DEC 2023  |  NEWS
... South. The country has also announced US$200 million for SDRs and US$150 million for water security. In addition, the World Bank has announced an increase of US$9 billion annually to finance climate-related projects. Following the announcement of a loss ...

COP28: Climate finance, carbon markets take centre stage

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... Level Expert Group on Climate Finance (IHLEG) that underpinned the declaration was released at the start of COP28. The World Bank increased its climate finance target to 45% to deploy over US$40 billion per year by 2025, of which US$9 billion is additional ...

COP28 day one recap: US$429m loss and damage fund

ROSE MARY PETRASS  |  FRIDAY, 1 DEC 2023  |  NEWS
... annually and rising. The fund does not include any mandate that wealthy nations pay into it. It will be set up under the World Bank and be reviewed every five years. 77 developing nations threatened to walk out on talks earlier this year if the bank ...

Preparing for COP28: nature and climate integration

ROSE MARY PETRASS  |  TUESDAY, 14 NOV 2023  |  NEWS
... "nothing to do with compensation and liability". In a draft deal put forward this month, committee members put the World Bank in charge of a loss and damage fund for the initial four years. Clean tech is also expected to take centre stage. The UAE is ...
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