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Events

World Bank Group Update on Paris Alignment

November 14, 2022
Virtual

This discussion provided an update on the development of the World Bank Group's (WBG) Paris Alignment approach and engage with stakeholders, including multilateral development banks (MDBs), civil society organizations (CSOs), private sector, donors, and parties involved in UNFCCC negotiations. It built on the previous discussion from COP26, which outlined the WBG's action plan to align its financial flows with the goals of the Paris Agreement, a commitment made in the WBG¡¯s Climate Change Action Plan (CCAP) 2021-2025.

To fulfil commitments made in the CCAP, the WBG is developing Paris Alignment methodologies that recognize the importance of integrating climate and development, and combine adaptation and mitigation actions with efforts to boost economic growth and reduce poverty. Starting July 2023, all new WB lending operations will be Paris-aligned. For IFC and MIGA, 85% of operations will be aligned by July 2023 and 100% starting July 2025.

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Speakers

? St¨¦phane Guimbert   Director, Operations Policy, Operations Policy and Country Services (OPCS), World Bank

? Anup Jagwani   Manager, Climate Finance and Policy, International Finance Corporation (IFC)

?    Director, Economics and Sustainability, Multilateral Investment Guarantee Agency (MIGA)

? Jennifer Sara   Global Director, Climate Change, World Bank

 

Moderator

? Rahul Kitchlu   Manager, Climate Change Operations and Advisory, World Bank

 

NOVEMBER 14, 11:00-11:45 AM EST / 6:00-6:45 PM EET