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Showing 1 - 9 of 9 results for "World Bank Group"

Record climate spending for low and middle-income economies

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
... on climate change adaptation finance. The amount of private finance stood at US$51.9 billion. This came as the World Bank Group and International Monetary Fund held annual meetings in Morocco where increasing public climate finance for low and middle-income ...

Global development banks release joint principles towards Paris alignment

ROSE MARY PETRASS  |  THURSDAY, 22 JUN 2023  |  NEWS
... while also defining financing coal- and peat-related activities as not aligned. The MDBs involved include the World Bank Group, Asian Development Bank, Asian Infrastructure Investment Bank, Council of Europe Development Bank, European Bank for Reconstruction ...

Data challenges inhibit ESG integration in sovereign credit ratings: World Bank

RACHEL ALEMBAKIS  |  THURSDAY, 20 JAN 2022  |  NEWS
... the integration of material ESG issues into sovereign credit rating assessments, according to a report by the World Bank Group. Further, there is an "inherent tension" between the credit rating agency industry and sustainability advocates calling for ...

IFC to permit structuring of loans in accordance with Green Loan Principles

RACHEL ALEMBAKIS  |  FRIDAY, 22 MAR 2019  |  NEWS
... label, IFC seeks to play a catalytic role in growing green loans across emerging markets." IFC, a part of the World Bank Group, is a leading provider of climate-related financing. During the 2017/2018 financial year, it it committed $8.4 billion in such ...

Climate change impacts on investments "inevitable": Mercer

RACHEL ALEMBAKIS  |  FRIDAY, 5 JUN 2015  |  NEWS
... collectively responsible for more than US$1.5 trillion. It was supported by IFC, the private sector arm of the World Bank Group, in partnership with Federal Ministry for Economic Cooperation and Development, Germany, and the UK Department for International ...

International Integrated Reporting Council launches Public Sector Pioneer Network

RACHEL ALEMBAKIS  |  WEDNESDAY, 19 NOV 2014  |  NEWS
... Reporting framework. Paul Druckman, IIRC CEO The Public Sector Pioneer Network will include representatives from the World Bank Group, United Nations Development Programme (UNDP), the City of London Corporation, the Welsh Government and UK government ...

World's multilateral banks to continue focus on climate finance

RACHEL ALEMBAKIS  |  FRIDAY, 12 SEP 2014  |  NEWS
... Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB), and World Bank Group (WBG) released a joint statement in which they pledged to maintain a "strong institutional focus" on climate change by ...

IFC, Shenzhen Emissions Trading Exchange sign agreement

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 APR 2014  |  NEWS
... understanding between IFC and the Shenzhen Emissions Trading Exchange is the first time IFC, a member of the World Bank Group, has gone into China's emissions trading schemes. The agreement lays the foundation for IFC to work with other pilots at local ...

LGS buys into IFC green bond issue

RACHEL ALEMBAKIS  |  WEDNESDAY, 20 FEB 2013  |  NEWS
... SSGA High Quality Green Bond Fund, TIAA-CREF, and the Washington State Investment Board. IFC is a member of the World Bank Group and is a global development institution focused exclusively on the private sector. In the 2012 fiscal year, it had more than ...
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