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Climate Environment Featured Finance News

From words to deeds: Incorporating climate risks into sovereign credit ratings

Climate-related risks are increasingly recognised as an important threat to long-term fiscal sustainability. This column studies the extent to which credit rating agencies integrate these risks into their sovereign rating assessments. It finds that measures of physical risk lead to lower credit ratings, but the impacts are small in magnitude. Ambitious CO2 reduction targets and […]

Banking Business Featured Finance News

Behind the scenes: How we work with creditors on debt transparency

Earlier this year, the World Bank conducted the second round of a Data Sharing Exercise with G-7 and Paris Club creditors. This is the first large-scale effort of its kind to systematically compare creditor- and debtor-reported data at the loan-by-loan level. Since the release of the March 2025 report, the 2025 G-7 Finance Ministers’ Communiqué highlighted the exercise and […]