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Articles on Development Banks

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Developing countries are calling for more funding and for changes at the World Bank. Sean Gallup/Getty Images

4 signs of progress at the UN climate change summit

The biggest issues at COP27 involve financing for low-income countries hit hard by climate change. A former World Bank official describes some promising signs she’s starting to see.
Several countries, including Bangladesh, are facing increasing flooding as sea levels rise. AP Photo/Mahmud Hossain Opu

Wealthy countries still haven’t met their $100 billion pledge to help poor countries face climate change, and the risks are rising

The damage from storms, droughts and sea level rise is in the news almost daily. Some money is flowing to help poor countries, but what isn’t clear is how much impact the funds are having.

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