Climate change roadmap – middle east and north Africa FY21–25 mid-term progress report

In the third year of implementation, this midterm progress report on the World Bank Middle East and North Africa (MENA) Climate Roadmap 2021–25 (hereafter, called the Roadmap) aims to provide an update on the status of climate action across the World Bank portfolio of activities in a dynamic regional context. The Roadmap was launched in 2021 and provides a galvanizing framework for World Bank–supported activities to accelerate climate action in the MENA region.

(Figure 1) captures the key commitments set out in the Roadmap.

Three years in, the MENA region is on track toward implementing and fulfilling the key commitments
outlined in the Roadmap, as highlighted below:
» INVEST: The World Bank MENA region (World Bank, IFC, and MIGA) combined delivered
US$6.25 billion in climate-related financing during FY21–23 and is on track toward achieving
the commitment of US$10 billion for FY21–25. Across the Global Practices (GPs), the portfolio
is increasingly more climate responsive and includes more focus on whole-of-government
climate-smart operations.
» BALANCE: Over FY21–23, the World Bank MENA region has delivered equal focus on both
climate mitigation and adaptation investments. Of the total financing from IBRD and IDA
projects with climate-related investments, 51 percent was directed to climate mitigation
(i.e., reducing net emissions) and 49 percent toward making all sectoral operations climate
resilient and climate adaptive. This evens out the initial imbalance toward mitigation activities
that was observed in FY11–21.

source:

https://openknowledge.worldbank.org/entities/publication/4e0d5b83-44f8-4e8f-a7f3-7f84d0c98fd5