Annual Meetings 2024: Progress and Ambition for the Future

The World Bank Group’s journey to become a better, bigger, and more effective Bank has AM-2024-1advanced at a rapid pace. That progress—and a new focus and ambition on jobs—was on full display at the Annual Meetings.

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India incorporates green bonds into its climate finance strategy

In 2023, India experienced the hottest February since 1901, the first year the country’sdehli_metro_adobestock_252063301_blog.jpg Meteorological Department started its weather records. Extreme weather events like this are becoming frequent and are expected to get worse due to climate change. India is among the countries most affected by the impacts of extreme weather events

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Forests For Us: Dominica Harnesses Nature for Climate Resilience and Economic DevelopmentIndia incorporates green bonds into its climate finance strategy

The forest is for us… It is what we have. It helps us maintain our livelihoods.

Her Excellency Sylvanie Burton

President of the Commonwealth of Dominica

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Event | Business Ready 2024 – New Data for a Dynamic Private Sector | World Bank Live

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Event | Business Ready 2024 – New Data for a Dynamic Private Sector | World Bank Live

In developing economies, the private sector generates 90% of jobs, 75% of investment, and over 70% of output. A well-functioning and well-regulated private sector is essential to accelerating economic growth, boosting productivity, and reducing carbon emissions. Yet, as the world grapples with the slowest growth rate in three decades, this engine of growth struggles to regain its footing. 

The World Bank’s Business Ready 2024 (B-READY) report assesses the business environment across the globe. Improving upon the Doing Business report, B-READY offers more comprehensive data and analysis that can guide policy reforms and foster private sector development that benefit firms, workers, markets, and society as a whole.

Join economists, policymakers, business leaders and journalists to explore barriers to long-term growth, good policy practices, and strategies for fostering a business-ready environment.

Join the conversation with #BusinessReady

India incorporates green bonds into its climate finance strategy

In 2023, India experienced the hottest February since 1901, the first year the country’sdehli_metro_adobestock_252063301_blog.jpg Meteorological Department started its weather records. Extreme weather events like this are becoming frequent and are expected to get worse due to climate change. India is among the countries most affected by the impacts of extreme weather events

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10 Years of Green Bonds: Creating the Blueprint for Sustainability Across Capital Markets

The phone call to the World Bank Treasury came out of the blue: in late 2007, a group of imagesSwedish pension funds wanted to invest in projects that help the climate, but they did not know how to find these projects. But they knew where to turn and called on the World Bank to help. Less than a year later, the World Bank issued the first green bond—and with it, created a new way to connect financing from investors to climate projects.

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From Evolution to Revolution: 10 Years of Green Bonds

Issued in November 2008, the World Bank’s first green bond created the blueprint for green bondssustainable investing in the capital markets. Today, the green bond model is being applied to bonds that are raising financing for all 17 Sustainable Development Goals.

The phone call to the World Bank Treasury came out of the blue: a group of Swedish pension funds wanted to invest in projects that help the climate, but they did not know how to find these projects. But they knew where to turn and called on the World Bank to help. Less than a year later, the World Bank issued the first green bond—and with it, created a new way to connect financing from investors to climate projects.

Continue reading