Mafalda Duarte stresses the strategic and economic importance of keeping money flowing to developing countries after Trump cancelled $4bn pledge to the fund
Countries increased their contributions to the International Development Association in its largest replenishment yet, but experts warn rising inflation means a real-term cut
The COP29 climate talks saw tearful speeches, hollow laughs, diplomatic spats and walk-outs before ending with a finance deal pushed through in controversial circumstances
India wants the World Bank to lend more money for climate finance, at cheaper rates, in developing countries and will use its G20 chair to push this agenda
Last year, the World Bank’s president David Malpass refused to accept the scientific consensus on global warming, leading to calls for the US government to push him out
Climate negotiators expressed relief as the US secured congressional support for climate spending, but said developing countries need direct support to follow
“We can turn the entire population of the Colombian Amazon into a population that cares for the forest, but we need the world’s funds to do it,” says Gustavo Petro
Nearly 80% of climate finance is in the form of loans that must be repaid, adding to the debt burden of the poorest countries, anti-poverty campaigners found