in Short

World Bank 35% of its financing to have climate co-benefits over the next five years

The World Bank targets during the coming five years to reach 35% of its financing to climate benefits against 28% for the last five years. “Climate change presents critical challenges to our development efforts,” said David Malpass, President of the World Bank Group. “The poorer countries suffer most from climate events – including flooding, droughts, and food insecurity.”

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