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.