WBG will abandon a prior target to allocate 45% of its lending to projects with climate co‑benefits. It will extend its Climate Change Action Plan but abolish the plan’s 35% climate co‑benefit lending target. The action plan is intended to better embed “smart development” into client countries’ needs and priorities.

2026-06-30

WBG will abandon a prior target to allocate 45% of its lending to projects with climate co‑benefits. It will extend its Climate Change Action Plan but abolish the plan’s 35% climate co‑benefit lending target. The action plan is intended to better embed “smart development” into client countries’ needs and priorities.