1.0MDB Reform Acceleratorhttps://mdbreformaccelerator.cgdev.orgRakan Aboneaajhttps://mdbreformaccelerator.cgdev.org/author/raboneaaj/The World Bank Should Ramp Up Finance for Climate, But Not at the Cost of Development - MDB Reform Acceleratorrich600338<blockquote class="wp-embedded-content" data-secret="veUjhg7hWY"><a href="https://mdbreformaccelerator.cgdev.org/the-world-bank-should-ramp-up-finance-for-climate-but-not-at-the-cost-of-development/">The World Bank Should Ramp Up Finance for Climate, But Not at the Cost of Development</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://mdbreformaccelerator.cgdev.org/the-world-bank-should-ramp-up-finance-for-climate-but-not-at-the-cost-of-development/embed/#?secret=veUjhg7hWY" width="600" height="338" title="“The World Bank Should Ramp Up Finance for Climate, But Not at the Cost of Development” — MDB Reform Accelerator" data-secret="veUjhg7hWY" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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https://mdbreformaccelerator.cgdev.org/wp-content/uploads/2023/02/world_bank-2.jpeg15001010The World Bank Group Evolution Roadmap makes three financing asks of donors and shareholders: capital for IBRD, continued support for IDA, and grants to support climate projects. I think donors and shareholders should support a capital increase and strengthen commitments to IDA. But they should not provide more grants to support climate activities at least until (i) IBRD lending to support mitigation has been reformed and expanded and (ii) major cost-effectiveness and equity concerns of existing grant mechanisms are addressed.