BAKU, 12 November 2024 – Multilateral development banks (MDBs) today issued a joint statement at COP29 in Baku outlining financial support and other measures for countries to achieve ambitious climate outcomes.
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World Bank Expands Lifeline to Small States hit by Disasters
BAKU, November 12, 2024—The World Bank Group has expanded its lifeline to countries struggling to rebuild from disasters, allowing small, vulnerable states to postpone loan and interest repayments after a catastrophic event—so governments can focus on recovery rather than paying off debt.
Netherlands for the World Bank 