The World Bank Group Exceeds 2020 Climate Targets for the Second Year in a Row: Here’s How It Was Done

STORY HIGHLIGHTS Cobenefits3

  • In fiscal year 2019, the World Bank Group committed nearly $17.8 billion to climate-related investments, surpassing current targets for the second year in a row.
  • Three country snapshots illustrate some of the ways climate change considerations were integrated in the project design: building climate resiliency into transportation systems in Sierra Leone; improving irrigation to address food security in Pakistan; and mitigating flood risk in Vietnam’s urban infrastructure.
  • Going forward, the World Bank Group will invest and mobilize $200 billion in climate-related financing from 2021-2025, doubling what we did in the last five years and significantly ramping up support for adaptation.