Financial Sector at a Crossroads in Emerging Markets: Climate Risks and Financing Gaps Demand Action This page in:English Español Français العربية 中文

WASHINGTON, August 29, 2024 — In almost 60% of banks in Emerging Market and Developing Economies (EMDEs), lending for climate-related investment accounts for less than 5% of their overall portfolios, and more than one-quarter offer no climate financing at all, according to a new World Bank report. https://www.worldbank.org/en/news/press-release/2024/08/29/financial-sector-at-a-crossroads-in-emerging-markets-climate-risks-and-financing-gaps-demand-action?_gl=1*iu6ure*_gcl_au*MjA3Njg0MDQ0NC4xNzIwMjY5MjYy