Public Management

35% of World Bank’s 2020-25 financing will go to climate

35% of World Bank’s 2020-25 financing will go to climate
Friday, 11 December 2020 12:18

The World Bank will dedicate 35% of its funding allocations for 2020-25 to climate projects. Over the past five years, the climate share was 28%.

The institution also announced that half of this climate financing will be done through its members, including the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

According to World Bank President David Malpass (pictured), “climate change is a major challenge for our development efforts. The poorest countries are those that suffer most from extreme weather events, including floods, droughts and, in turn, food insecurity."

“In addition to increasing climate finance, we are working with countries to achieve results in reducing greenhouse gas emissions and successfully transitioning to low-carbon development," he added.

Gwladys Johnson Akinocho

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
FirstRand, SA's largest bank by market cap, confirms plans to enter Kenya. CBK's ten-fold capital hike leaves 12 of 39 banks short, spurring M&A...
• AFG Holding completes acquisition of Société Générale Guinée as part of regional growth plans.• The deal keeps all existing customer services and staff...
VFD Group plans ₦50.67B rights issue at ₦10/share. Shareholders offered two new shares for every three held. Funds to boost capital, expand...
• Sub-Saharan Africa hosts 52 % of the world’s mobile-money accounts, yet only 7 % of adults there borrowed via these services in 2024.• GSMA...
Most Read
01

Nearly 400,000 mango seedlings distributed to farmers nationwide from June to August 2025. Pr...

Burkina Faso Launches Plan to Renew and Expand Mango Plantations
02

MTN and SANTACO signed a reseller deal on 13 Aug 2025. Gauteng taxis gain MTN data, ICT, fintech ...

MTN, SANTACO Partner to Digitize South Africa’s Minibus Taxi Industry
03

Growth is projected at 27% annually, with agriculture, finance, and health sectors leading adoption—...

Africa’s AI Market Poised to Reach $16.5 Billion by 2030, Mastercard Reports
04

• GDP growth will ease to 3.5% in 2025 from 3.7% in 2024 and below the 3.8% forecast.• Drought-hit l...

Namibia Growth to Slow in 2025 Before Rebounding in 2026, Central Bank Says
05

Starlink lost 2,000 Kenyan users in Q1 2025, dropping to 17,066, as local ISPs grew 8%. High...

Starlink's Kenyan Setback: 2,000 Users Lost in Q1 2025 Amid Rising Local Competition
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.