New wind farm in Egypt gets $206m boost

The West Bakr Wind project will have a capacity of 252MW and is expected to produce enough renewable electricity to power around 350,000 homes

World’s international bodies ‘not fit for purpose to tackle climate change’

That’s the verdict from Shadow Chancellor John McDonnell MP, who believes the World Bank, IMF and WTO aren’t tackling the issue

New $250m loan for climate resilience in Kerala

The 2018 floods and landslides in Kerala affected around 5.4m people and 1.4m people were displaced from their homes

Image of euro sign being held by two fingers against a backdrop of the sky and clouds
EU and World Bank agree €7m for energy and water security in Central Asia

The funding will contribute to a programme that helps boost security through knowledge exchange, policy advice and project preparation

Green finance
World Bank announces €1.5bn Sustainable Development Bond

The organisation says it has made an application for it to be listed on Ireland’s stock exchange

World Bank launches new fund to support ‘climate-smart’ mining for low carbon tech

It will assist with the sustainable extraction and processing of minerals and metals used in clean energy technologies

World Bank and Japan partner for sustainable investments

It is part of a broader effort to integrate environmental, social and governance considerations when making investment decisions

UK funds £39.8m for efficient and clean cooking appliances

Loughborough University and the World Bank have joined forces to find innovative and modern alternatives to biomass fuels

LNG-to-power facility in Brazil granted $288m

The project consists of a 1.3GW CCGT plant, an LNG import terminal, a transmission line and the expansion of an existing substation

Solar and storage for all public schools and health centres in Gambia

The project is receiving more than €183m of financial support