World Bank for $100 billion extra annual lending capacity for climate change and poverty: How it will help

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World Bank for $100 billion extra annual lending capacity for climate change and poverty: How it will help


Introduction


The World Bank has called for an additional $100 billion in annual lending capacity to support developing countries in their efforts to address climate change and poverty. The bank says that the additional funding is needed to help developing countries adapt to the impacts of climate change and build a more sustainable future.

What is the World Bank?


The World Bank is an international financial institution that provides loans and grants to developing countries. The bank's mission is to reduce poverty and promote sustainable development.

Why is the World Bank calling for more funding?


The World Bank is calling for more funding to help developing countries address climate change and poverty. Climate change is a major threat to developing countries, as it is leading to more extreme weather events and rising sea levels. Poverty is also a major challenge for developing countries, as it prevents people from accessing basic necessities such as food, water, and healthcare.

How will the additional funding help?


The additional funding will be used to support developing countries in their efforts to address climate change and poverty. The funding could be used to invest in renewable energy, climate adaptation measures, education, healthcare, and other social programs.

Ranking keywords: world bank extra annual lending capacity climate change poverty

Conclusion


The World Bank's call for more funding is a timely one. Developing countries are facing a number of challenges, including climate change and poverty. The additional funding could help developing countries address these challenges and build a more sustainable future.

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