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Smart Africa Convenes 27 African countries for its 9th Board Meeting
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The Climate Support Facility
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World Bank Group Announcements to Support Countries Take Climate Action
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WASHINGTON, Dec 10, 2020 - The World Bank Group today made several announcements in line with its ongoing support to help developing countries address climate change and adapt to its mounting impacts. These include:
Germany, the UK, and Austria are the first donors to a Green Recovery Initiative, which aims to help countries build a low-carbon, climate-resilient recovery from COVID-19. Funding will be provided through a new flagship World Bank trust fund, the Climate Support Facility which was launched today with an initial investment of $52 million from the German Federal Ministry of Economic Cooperation and Development, the UK s Foreign, Commonwealth and Development Office, and the Austrian Federal Ministry of Finance.