International Monetary Fund and World Bank Group Announce the First Country Benefitting from the Enhanced Cooperation Framework for Scaled-Up Climate Action

WASHINGTON, June 21, 2024 – The World Bank Group (WBG) and International Monetary Fund (IMF) are pleased to announce that the Enhanced Cooperation Framework for Climate Action is now operational. Madagascar will be the first country benefitting from the Framework in the context of the Resilience and Sustainability Facility (RSF) arrangement approved today by the IMF Executive Board, and the WBG active engagement on climate change in the country. https://www.worldbank.org/en/news/press-release/2024/06/21/international-monetary-fund-and-world-bank-group-announce-the-first-country-benefitting-from-the-enhanced-cooperation-fr