Creating an Enabling Environment for Private Sector Climate Action - An Evaluation of World Bank Group Support, Fiscal Years 2013-22 - Report to the Board

Jul 19, 2026

Report to the Board from the Committee on Development Effectiveness regarding “Creating an Enabling Environment for Private Sector Climate Action,” evaluating World Bank Group support for fiscal years 2013–22. The committee reviews the report’s timeliness and highlights achievements and ongoing challenges in improving conditions for private sector climate action. It emphasizes mobilizing private capital beyond energy, implementing IEG recommendations, strengthening outcome and impact indicators, and improving climate metrics. It also stresses realistic longer-term financing strategies using country climate diagnostics and close World Bank–IFC collaboration.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Committee Consideration and Context

Private Capital Mobilization and Sector Coverage

Indicators, Metrics, and Financing Strategies

Recommendations, Collaboration, and Implementation

Public Disclosure Authorized Public Disclosure Authorized Creating an Enabling Environment for Private Sector Climate Action: An Evaluation of World Bank Group Support, Fiscal Years 2013–22 Report to the Board from the Committee on Development Effectiveness 􀀍 Meeting of July 28, 2023 The Committee on Development Effectiveness met to consider the report entitled Creating an Enabling Environment for Private Sector Climate Action: An Evaluation of World Bank Group Support, Fiscal Years 2013–22 (CODE2023-0033) and the World Bank Group Draft Management Response (CODE2023-0036) . The Committee welcomed the Report noting its timeliness and relevance in the context of the World Bank Group (WBG) Evolution discussion. They noted the WBG’s achievements and the challenges towards improving an enabling environment for private sector climate action, the need to mobilize private capital beyond the energy sector into other major sectors such as transport and agriculture, and the importance of establishing robust outcome and impact indicators to measure achievements in implementing the private sector climate action. Members expressed their full support for IEG’s recommendations and encouraged WBG Management to implement them in advancing the climate agenda. Members stressed the importance of articulating realistic longer-term financing strategies for climate action in country climate diagnostics, including the Country Climate and Development Reports (CCDR) . While members recognized that creating an enabling environment for private sector engagement in addressing climate change is a complex agenda, they encouraged Management to explore ways in which private sector capital can be enabled and mobilized to support climate change adaptation efforts. They underscored the importance of developing standardized private sector business models for various sectors including public transport, agribusiness and technology, and encouraged Management to support scalable projects, as needed. In addition, members appreciated Management’s efforts to improve climate metrics in the context of the new WBG Corporate Scorecard. Members also stressed the importance of effective and strong collaboration between the World Bank and IFC in attracting and mobilizing private capital to invest in climate action and deliver results. 􀀍 This report is not an approved record.

FAQs

What period does the evaluation cover and what is its subject?

The evaluation covers World Bank Group support for fiscal years 2013–22, focusing on creating an enabling environment for private sector climate action.

What key challenges and needs are highlighted by the Committee?

The Committee highlights the need to improve the enabling environment, mobilize private capital beyond the energy sector, and establish robust outcome and impact indicators to measure implementation results.

How does the Committee suggest advancing climate action implementation?

Members encourage World Bank Group Management to implement IEG recommendations, articulate realistic longer-term financing strategies through country climate diagnostics, develop standardized private sector business models, and strengthen World Bank–IFC collaboration.

Jul 19, 2026

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