International Bank for Reconstruction and Development and International Development Association

WorldBank

  • Type International
  • Date of accreditation 08 Jul 2015

The International Bank for Reconstruction and Development and International Development Association (World Bank) is an international organization with a strong global presence and mandate to reduce poverty by promoting sustainable economic development. World Bank works in partnership with developing countries through national governments in order to support the coordinated delivery of its projects and programmes in various sectors and through the use of various financial instruments, including grants, loans and guarantees. Over the past few years, World Bank has provided over US$ 30 billion in finance for climate change related activities globally. It is engaged in climate change mitigation across all sectors and regions. Its work in mitigation covers renewable energy generation, energy efficiency and access, forestry and sustainable transport projects and programmes. In addition, it has supported the least developed countries, small island developing States and other vulnerable countries in climate change adaptation by financing projects in disaster risk reduction and ecosystem services in sectors such as fisheries and water resources management. Bringing with it its experience in climate change mitigation and adaptation programming, and utilizing its knowledge and delivery infrastructure to enhance direct access to climate finance by developing countries, World Bank sought accreditation to the GCF.

  • Size
    • Micro
    • Small
    • Medium
    • Large
  • Environmental and social risk category
    • Category C
    • Category B
    • Category A
    • Intermediation 3
    • Intermediation 2
    • Intermediation 1
  • Fiduciary standards
    • Basic
    • Project management
    • Grant award
    • On-lending/blending:
    • Loan
    • Equity
    • Guarantee
    • Blending

Projects

FP083
Mitigation

Indonesia

Indonesia Geothermal Resource Risk Mitigation Project

FP074
Adaptation

Burkina Faso

Africa Hydromet Program – Strengthening Climate Resilience in Sub-Saharan Africa: Burkina Faso Country Project

FP071
Mitigation

Viet Nam

Scaling Up Energy Efficiency for Industrial Enterprises in Vietnam

FP070
Cross-cutting

Bangladesh

Global Clean Cooking Program – Bangladesh

FP066
Adaptation

Marshall Islands

Pacific Resilience Project Phase II for RMI

FP044
Cross-cutting

Solomon Islands

Tina River Hydropower Development Project

FP014
Adaptation

Multiple countries

Climate Adaptation and Mitigation Program For the Aral Sea Basin (CAMP4ASB)

FP012
Adaptation

Mali

Africa Hydromet Program – Strengthening Climate Resilience in Sub-Saharan Africa: Mali Country Project

Documents

News & Stories

Green Climate Fund and its partners launch the Alliance for Hydromet Development

10 Dec 2019 / Twelve international organisations providing assistance to developing countries came together at COP25 today to launch the Alliance for Hydromet Development. As a founding member, the Green Climate Fund (GCF) joined the Alliance to unite efforts to close the capacity gap on early warnings and climate information by 2030.

GCF and World Bank partner to boost cookstove market in Bangladesh

26 Aug 2019 / The Green Climate Fund (GCF) and the World Bank have signed an agreement that will help expand the market for improved cookstoves in Bangladesh, bringing together a number of climate and health benefits. The signing of the Funded Activity Agreement (FAA), which guide the implementation of approved GCF projects, marks a key milestone for the Global Clean Cooking Programme – Bangladesh initiative designed to reduce greenhouse gas emissions and deforestation, while also lessening health risks for Bangladesh people.

GCF and World Bank kick off hydropower project in Solomon Islands

02 Aug 2019 / The Green Climate Fund (GCF) and the World Bank have signed an agreement to implement the Tina River Hydropower Development Project to help the Solomon Islands transition from diesel-generated to clean, renewable energy. The signing of the Funded Activity Agreement (FAA) enables GCF to begin transferring USD 86 million in climate financing to the World Bank for this USD 234 million project which is expected to provide a clean and reliable source of electricity in the capital, Honiara, by 2024.

Green Climate Fund and World Bank partnership unlocks USD 2.7 billion for climate action, Marshall Islands first to benefit with USD 44M project

04 Feb 2019 / GCF and World Bank welcomed an agreement that will allow projects worth USD 2,694 million in climate finance to be advanced in ten countries.

GCF and World Bank join forces to open new climate paths

13 Nov 2017 / GCF and the World Bank today signed a key agreement to support climate action in developing countries.

Participation of the GCF Executive Director in the Climate Finance Ministerial meeting, Lima

09 Oct 2015 / The GCF Executive Director addressed the High-Level Climate Finance Ministerial meeting at the 2015 Annual Meetings of the World Bank Group and International Monetary Fund.

Contacts

Claudia Croce
Senior Carbon Finance Specialist