UK increases World Bank contribution, boosting climate finance prospects
by Fiona Harvey Environment editor from Environment | The Guardian on (#6SK92)
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.
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