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 pledge

The 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.