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climate change

Why the World Banks announcement that they are making $200 billion available to help fight climate change may not be such good news after all!

The World Bank announced this week that it is to make about $200bn available to fund action on climate change. In making the announcement,  Jim Yong Kim, the president of the World Bank, stated: “This is about putting countries and communities in charge of building a safer, more climate-resilient future.” The announcement has been greeted with universal approval with many arguing that the Bank is taking a strong lead and sending a strong signal to private sector financiers.

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