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WASHINGTON, April 19, 2024— New financial instruments designed to boost lending capacity and enable the World Bank Group to take on more risk for shared global challenges have received a significant endorsement. A set of 11 countries announced commitments today for the Portfolio Guarantee Platform, hybrid capital mechanism, and new Livable Planet Fund totaling $11 billion.
WASHINGTON, April 19, 2024— New financial instruments designed to boost lending capacity and enable the World Bank Group to take on more risk for shared global challenges have received a significant endorsement. A set of 11 countries announced commitments today for the Portfolio Guarantee Platform, hybrid capital mechanism, and new Livable Planet Fund totaling $11 billion.
Record numbers of people are at the Cop28 climate summit in Dubai, now in its second week. Seeking to be heard in the throng of 84,000 participants are activists who say their space to protest is diminishing…
"We must be brutally honest about the gaps that need to be filled, the root causes and how we got to this place here today" said Sultan Al-Jaber
Read more about Denmark will donate USD 15.6 mn in new energy sources on Devdiscourse