Global: Why World Bank Climate Investment Funds could do more harm than good

A new Eurodad report provides a critical analysis of the World Bank’s role in Climate Finance. Civil society actors have long been contesting the role of the World Bank as an appropriate channel for climate finance based on the Bank’s questionable green credentials and its history of advising economic policy reforms to developing countries. The report concludes by outlining the reasons why – in light of the analysis of the Bank’s delivery of climate finance as it relates to the financing instruments - the World Bank is not the best-placed institution to channel climate finance or to set the highest standards for a legitimate and development-friendly climate finance architecture for the future.