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Shortfall in climate change cash grows ahead of COP28

The United Nations' main fund for helping vulnerable countries cope with climate change said on Thursday it had raised $9.3 billion, falling short of a $10 billion target after wealthy nations, including the United States, failed to pay in. The amount represents just a&...
United Kingdom Nordrhein Westfalen United Arab Emirates United States Mahmoud Mohieldin Madeleine Diouf Sarr

Germany's KfW bank will no longer grant promotional loans to China from 2026

FRANKFURT/BERLIN: Germany will no longer grant promotional loans to China from 2026, the Federal Development Ministry (BMZ) confirmed on Tuesday (Sep 26), in the latest measure to reduce Germany's strategic dependence on China. The German ministry informed the Chinese Ministry of Finance in mid-September o
Svenja Schulze German Development Kfw Bank Development Ministry Federal Development Ministry Chinese Ministry

KfW to stop granting promotional loans to China from 2026

Germany will no longer grant promotional loans to China from 2026, the Federal Development Ministry (BMZ) confirmed on Tuesday, in the latest measure to reduce Germany's strategic dependence on China, reports Reuters. The German ministry informed the Chinese Ministry of Finance in mid-September of the federal government's decision to permanently stop granting promotional loans to…
Svenja Schulze German Development Development Ministry Kfw Bank Federal Development Ministry Chinese Ministry

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Development banks pledge to work for "blue finance roadmap"

Cartagena (Colombia), Sept 5 (EFE) – Eight public development banks signed a pledge on Tuesday in Cartagena to promote the protection and sustainable use of oceans and marine and coastal ecosystems. The roadmap is named “A Call to Deliver Positive Action For The Ocean” and aims to improve coordination among public development banks. Updates on …
United States Ricardo Mourinho Alicia Montalvo Asian Development Bank Biodiversity Of The Development Bank European Investment Bank

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