Conflicts of Interest – A Briefer on the World Bank’s Hosting of the Loss and Damage Fund

The first year of the Loss and Damage Fund is a critical time for civil society to intervene as the Board decides on the Fund’s policies. The World Bank’s appointment as the Fund’s interim host, an outcome of last year’s COP 28, is a threat to developing countries’ ability to receive adequate and grants-based payment for destruction caused by the climate crisis. Civil society organizations must pressure the Board of the Loss and Damage Fund to maintain the Fund’s independence from the World Bank in this crucial year so developing countries are able to address the ever-increasing costs of loss and damage.

In this briefer, we discuss the overwhelming amount of evidence that the World Bank’s orientation, interests, and practices are incompatible with hosting the LDF.