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77 groups sent a letter to the World Bank calling for its President to be replaced for failing to take adequate action on climate change.

At G-7 Summit, World Leaders Must Commit to Increasing Climate Finance for Developing Countries June 9, 2021 The G-7 Leaders’ Summit gets underway soon, from June 11-13, in Cornwall, UK. As host nation for this summit, and the annual climate talks later this year (also known as COP26), the UK will clearly be elevating the need for climate action, alongside dealing with the COVID-19 pandemic and trade issues. One priority that must get urgent attention: richer nations need to make concrete commitments to increasing climate finance for developing countries. Here in the US, forty eight groups,...

<p><span>We, the Finance Ministers and Central Bank Governors of the G7, met virtually on 28 May 2021, and Finance Ministers met in London on 4-5 June 2021, joined by the Heads of the International Monetary Fund (IMF), World Bank Group, Organisation for Economic Cooperation and Development (OECD), Eurogroup, and (on 28 May) Financial Stability Board (FSB). We agreed concrete actions to address today&rsquo;s historic challenges and as part of our renewed and urgent effort towards deeper multilateral economic cooperation.</span></p>

EBRD President pays first visit to Morocco EBRD President Odile Renaud-Basso made her first official visit to Morocco in a virtual format on 24 and 25 May. She held high-level meetings with the Moroccan authorities, the business community and civil society. Meetings focused on Morocco’s post-Covid-19 recovery and EBRD investments to support it. In an interview with the newspaper Aujourd’Hui le Maroc, the EBRD President said: “The EBRD’s new strategic framework focuses on three main priorities, namely the strengthening of social cohesion and the reduction of regional disparities ...

By Charity Migwi and Nicole Rodel The world has no business investing in new fossil fuel developments in our race to the 1.5°C pathway. The International