Global: Is the World Bank an impediment to climate finance?

Proposals to place climate funds at an institution like the World Bank, over which developing countries have limited ownership, have undermined the process of negotiations through the United Nations Framework Convention on Climate Change (UNFCCC). However, G77 countries have stood against the World Bank and have firmly supported placing climate finance under the UN, despite a diversity of positions. This briefing note from the Bretton Woods Project examines concerns that a significant role for the World Bank in disbursal or management of funds could limit developing country calls for direct access, recreate damaging donor-recipient aid dynamics, and hinder effectiveness.