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Exclusive: Top development banks to launch debt-for-nature swap 'task force'An aerial view of Pongara National Park, near Libreville, Gabon October 11, 2021. REUTERS/Christophe Van Der Perre/File Photo
The world's top multilateral development banks are set to launch a global "task force" at the COP28 climate summit in the coming days to scale up the number and size of 'debt-for-nature' swaps that countries can do.
- Sustainability
Bahrain wealth fund Mumtalakat anchoring Investcorp $750 million climate fund Bahrain-based alternative asset manager Investcorp is launching a $750 million climate fund, anchored by sovereign wealth fund Mumtalakat.
COP28 explained
- WorldUAE leads climate disaster fund contributions with $100 mln pledge
The United Arab Emirates will contribute $100 million to a new climate disaster fund, UAE foreign minister Sheikh Abdullah bin Zayed said on Thursday, leading a combined contribution along with other countries of just over $300 million.
