Development Banks

Development Banks

World Bank President Ajay Banga, Brazilian President Luiz Inacio Lula da Silva, Indian Prime Minister Narendra Modi, South African President Cyril Ramaphosa and South African President Cyril Ramaphosa and U.S. President Joe Biden pose for the group photo during G20 Summit, in New Delhi, India, Saturday, Sept. 9, 2023 Evan Vucci/Pool via REUTERS

There is need to expand mandate of multilateral development banks: Modi

A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo October 10, 2012. REUTERS/Kim Kyung-Hoon

Development banks under pressure to compensate harmed communities

Illegally logged timber, which has been confiscated, is floated down the Guamá River Delta in the northeastern state of Para April 14, 2010. Brazilian Federal Police, IBAMA (Brazilian Institute of Environment), Instituto Chico Mendes Biodiversity (ICMBio), Amazon protection system (Sipam) and National Force, started on Monday an operation called "Delta" to combat the deforestation of the Amazon and the illegal trade in wood. More than 5,000 cubic meters (176,751 cubic feet) of tree trunks and wood cut from native species have been confiscated in Pará State, according to officials. REUTERS/Paulo Santos (BRAZIL AL - Tags: ENVIRONMENT CRIME LAW) - GM1E64F0DQD01

Development banks linked to nature loss worth $800 billion per year