UK increases World Bank contribution, boosting climate finance prospects

Government puts forward ?1.98bn in funding over three years, an increase of about 40% on last pledgeThe UK has increased its contribution to the World Bank, in a move that will boost prospects for climate finance.Next week, at a meeting in Seoul of the International Development Association (IDA) - the body that funds the World Bank's support for low-income countries - the UK will put forward ?1.98bn in funding over three years, an increase of about 40% on the previous pledge. Continue reading...