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Karin Strohecker

FILE PHOTO: President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. REUTERS/Denis Balibouse/File Photo
ClimateClimate FinanceEmissionsEnvironmentIndigenousNewsPolitics

Multilateral development banks are stepping into climate breach: EBRD President

Multilateral development banks are boosting green investments, with the EBRD focusing on climate action amid global trade tensions and U.S. policy uncertainty.

The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. REUTERS/Elizabeth Frantz/File Photo
BusinessClimate FinanceEconomyFinanceNews

World Bank gears up to launch debut debt-for-development swap, treasurer says

Debt swaps have grown in popularity, especially where funds saved are used for environmental projects, so-called debt-for-nature swaps.

FILE PHOTO: A person enters the JPMorgan Chase & Co. New York headquarters in Manhattan, New York City, U.S., June 30, 2022. REUTERS/Andrew Kelly/File Photo
BusinessClimate FinanceElectricityEnvironmentNewsSolarWind

Finance guide could spur extra $200 billion for sustainable development, JPMorgan says

A JPMorgan executive says a new finance guide could unlock an extra $200B annually for projects with positive social or environmental impact.

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