In its first year of operation, from December 2020 through December 2021, the CSF approved 100 activity-level grants worth $28 million, supporting 70 countries for analytical tools and methodologies, green recovery project design and implementation, and the Western Balkans green recovery support. It approved programmatic allocations of all funds to seven World Bank regions and seven Global Practices. All together, the CSF received US$123 million in contributions from the German Federal Ministry of Economic Cooperation and Development, the United Kingdom’s Foreign, Commonwealth and Development Office, and the Austrian Federal Ministry of Finance. Throughout this period, the CSF built the trust fund architecture necessary for managing the program and delivering results, officially launched ...
This high-level discussion explored how a whole-of-economy approach could support a green recovery from COVID-19, create an enabling environment for ambitious climate action, and deliver on the outcomes of the Glasgow Climate Pact from COP26. We were joined by senior representatives from Germany, Egypt and the IMF, who spoke about the opportunities and challenges for implementing this approach to embed climate priorities in macroeconomic and fiscal frameworks.
