Loss & Damage
Commitments and Ambitions
Discussions regarding the World Bank's role as L&D Fund host are ongoing and come to the fore.
Washington DC, US
Washington DC, US
Discussions regarding the World Bank's role as L&D Fund host are ongoing and come to the fore.
Global Solidarity Levies Taskforce agreement on workplan and launch of impact studies.
The World Bank guarantees platform is supported, although the target mobilization numbers are pushed to increase.
Countries recognize the urgency of the situation and agree to up their ambition in the 2025 update.
The Group of Heads of MDBs commits to strengthening country-level collaboration and co-financing, including through discussions and support of country-owned and country-led platforms to make it easier for countries to work with the banks.
The conversation on credit rating agencies (CRAs), and rating criteria for public development banks, is brought up again. The Heads of MDBs highlight progress and commit to enhanced engagement with the CRAs.
The conversation on risk appetite from MDBs is brought up again and comes to the fore.
The role of MDBs in early project development financing is a collective priority.
FX discussion is foregrounded, with a push for instruments that support private investment in local currencies
EU parliament approves deal on an EU carbon removals certification framework (April 10) Carbon markets and potential offsets for fossil fuel phaseout, particularly coal, are center stage.
Private institutions gather to increasingly discuss current work underway to build own and systemic resilience.
World Bank and IMF invited to back debt swaps to release USD 100 billion for climate action. Ahead of the Spring Meetings, IIED had called on the G20 and DFIs to advocate for debt swaps as a mechanism to address debt crisis in countries vulnerable to climate change.