World Bank Group plans to triple annual loan and investment guarantees to $20bn by 2030, focusing on private renewable energy in developing nations.

The World Bank Group aims to triple its annual loan and investment guarantees to $20bn by 2030, mainly targeting private renewable energy investments in developing nations. To reach this goal, the bank will consolidate its guarantee structure, moving all guarantee experts from various business units into a single platform starting on July 1. The reforms will simplify guarantee products and streamline processes, providing a seamless experience for clients and easier access to the full suite of guarantees.

February 28, 2024
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