World Bank Unveils USD 200 billion in Climate Action Investment for 2021-25

The World Bank has unveiled 200 billion US Dollars in climate action investment for 2021 to 2025, adding that this amounts to a doubling of its current five-year funding. The move coincides with a UN climate summit in Katowice.

The breakdown of 200 billion dollars would comprise approximately 100 billion in direct finance from the World Bank. Around one-third of the remaining funding will come from two World Bank Group agencies with the rest private capital mobilised by the World Bank Group.

Source- News on AIR

Static/Current Takeaways Important For IBPS Clerk Mains Exam 2018: 

  • World Bank President: Jim Yong Kim, Headquarters: Washington, D.C., United States.

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