This op-ed was published by Kate Geary and Daniel Willis (Recourse) on 25 March 2025, by Devex.
Away from the talk of pullouts and relocation, there is a quiet new opportunity at the World Bank Group to improve development funding around the world. A chance to make trillions of dollars of financial flows more environmentally and socially responsible.
The World Bank’s private sector arm, the International Finance Corporation, is set to announce a review of its sustainability framework. This includes its environmental and social safeguards, which shape the tens of billions that IFC invests annually, plus the investments of over 120 financial institutions that align with them. IFC estimates that its “performance standards” influenced $4.5 trillion of financial flows in emerging markets in the last decade alone.
You can read the full article here.