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multilateral development banks

The World Bank has begun an effort to strengthen its environmental and social safeguards. But how relevant will these safeguards be after the Bank’s parallel proposals to “modernize” the way it does business?

As an institution of 10,000+ staff, owned by 187 governments, the World Bank invests in a wide range of development activities to help meet the needs of a wide range of borrowers. The bank’s environmental and social safeguards have emerged as a consistent approach to ensure, across these diverse contexts, that its investments “do no harm,” particularly when investments do not go as planned.

The Clean Technology Fund

Insights for Development and Climate Finance

This working paper series summarizes key innovations and challenges of the Clean Technology Fund. It analyzes the investment plans that the Fund has endorsed to date, and makes the case for greater emphasis on institutional capacity and governance in program design.


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