Why climate finance needs greater transparency and accountability
We face an existential poly-crisis related to energy, debt, food, climate, health, and security. Collective action is needed to address these challenges and to build global support for the green accountability agenda. The role of international financial institutions (IFIs) like the World Bank and the International Monetary Fund (IMF) is critical to promoting transparency in climate finance and addressing the inherent corruption risks. But the quantity of their funding is just one element of this- the quality of that funding is equally as important but is largely missing from policy debates around these issues. Progress Multinational Development Banks (MDBs) have [...]