Who Gets World Bank Climate Money? An Exploration of Adaptation Financing to Lower-Income Countries
The World Bank is the largest provider of climate adaptation finance to the world’s poorest countries. Adaptation finance assists countries to reduce the risks they face from climate change such as disease outbreak and rising sea levels. Lower-income countries (LICs) receive highly concessional finance from the World Bank’s International Development Association (IDA). Over the last decade, IDA has provided more than 80 percent of the concessional finance from the multilateral development banks to LICs for climate adaptation.
Source: cgdev.org
