WASHINGTON, DC (June 24, 2026) - The World Bank Board of Directors is deciding the future of its flagship Climate Change Action Plan (CCAP). The current plan is set to expire on June 30, 2026, making this a critical decision point on whether the multilateral bank will continue to prioritize financing for climate-related activities.

The upcoming vote has become a major flashpoint among the Bank's key shareholders. The United States administration and a small group of allies are actively pushing to alter or weaken the framework, sparking strong resistance from a large coalition of developing and borrower nations-including a bloc of nearly 100 countries-that are demanding the Bank preserve one its core climate mandate. This includes the goal of directing 45% of its financing to investments that support climate mitigation and adaptation.

Following is a quote from Melanie Robinson, WRI Global Director for Climate, Economics and Finance:

"Developing countries are increasingly seeking investments that both reduce poverty and seize the opportunity for more resilient, greener growth. Since the Climate Change Action Plan was put in place, countries have used World Bank resources to increase access to clean and affordable energy and water, build more resilient food systems and cities, and create green job opportunities. It would be wrong for a small number of shareholders to weaken this framework and its goals, denying countries the opportunity to participate in one of the most important economic transitions of our time."