Goa and World Bank Launch Pioneering Climate Finance Facility
The Government of Goa has unveiled plans for a pioneering Blended Finance facility in collaboration with the World Bank. This initiative marks a significant step towards climate-focused financing at a subnational level, aiming to bolster Goa’s resilience to the challenges posed by climate change.
Inception: Announced during the 2024 edition of the World Bank’s India Climate and Development Partners’ Meet.
Scope: Multi-sectoral approach targeting diverse areas vulnerable to climate change impacts.
Continuous Funding: Strategies in place for continuous re-capitalization to support ongoing climate resilience efforts.
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