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The World Bank Group and Paris Alignment

Joint MDB Paris Alignment Approach

The World Bank Group commitment is part of a broader MDB vision to align all financial flows with the objectives of the Paris Agreement, as announced in 2017 and reiterated in the 2018 MDB joint declaration on Paris Alignment, supported by the Bank Group and the eight other MDBs. Close collaboration among MDBs has resulted in the development of MDB Paris Alignment Approach. The World Bank Paris Alignment Instrument Methods are conceptually consistent with the joint MDB Paris Alignment Approach. Given the nature of IFC and MIGA’s business model and financing/guarantee instruments, IFC and MIGA will be using the joint MDB Paris Alignment Approach for Direct Investment Operations, Intermediated Finance and Corporate Lending in assessing investments against the goals of the Paris Agreement.  

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