The World Bank has supported the Coalition of Finance Ministers for Climate Action since 2018, and jointly with the IMF hosts the Coalition Secretariat providing administrative, logistical, and technical support to the Coalition and Co-Chairs in achieving its objectives. WB-managed trust funds have channeled over US$7 million in Bank-executed grant funding to support the activities of the Coalition Secretariat. The most recent allocation is thanks to generous contributions from Germany’s Federal Ministry for Economic Cooperation and Development (BMZ), Switzerland’s State Secretariat for Economic Affairs (SECO), and the Netherlands’ Ministry of Finance.
The climate crisis is here, escalating and impacting people. Emissions continue to rise, and dangerous tipping points are nearing. Not only have climate impacts increased, but countries must also manage these in the face of rising fiscal constraints, food and fuel shortages often as a result of geopolitical crises, while still overcoming the economic aftereffects of COVID-19. The Climate Change Action Plan (CCAP) 2021–2025 continues to be the blueprint for the World Bank as it links climate action with development objectives. The Climate Support Facility (CSF) is directly promoting the implementation of the CCAP by supporting countries in accelerating their transition across the five key systems transitions. This report describes the evolution of the CSF’s operational framework since its ...
