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The World Bank announced a significant expansion of the use of catastrophe bonds, reinsurance and instruments such as parametric risk transfer for

In its first Country Climate and Development Reports (CCDRs), published at the end of 2023, the World Bank makes a number of recommendations for improving access to freshwater in the Middle East and North Africa (MENA) region, including speeding up the modernisation of irrigation systems in 2024. According to the financial institution, agriculture is one of the most water-hungry sectors in the region.

Learn about the Türkiye Adaptation and Resilience Assessment and ways countries can meet their climate goals and move towards green, resilient, and inclusive development.

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.

World Bank: Romania should invest almost 3pct of GDP for decarbonised energy sector up to 2050Romania has the potential to significantly improve...