World Bank vows to keep board apprised of climate action progress

FILE PHOTO: Wildflowers bloom on a hill overlooking a fjord filled with icebergs near the south Greenland town of Narsaq July 27, 2009. REUTERS/Bob Strong

WASHINGTON (Reuters) -The World Bank on Tuesday agreed to boost its spending on climate change to 35% from 28% and to provide annual progress reports to its board after its draft climate change action plan came under fire for lacking a clear implementation strategy.

The bank, the largest source of climate finance for developing countries, said it would also publicly release a roadmap to show how it will help those nations meet their Paris climate accord targets.