Temasek Trust, World Bank Group tie up to advance initiatives in climate and energy
The memorandum of understanding was signed on Oct 12.
Singapore's Temasek Trust and the World Bank Group have formed a partnership to advance initiatives in agriculture, climate, and energy. The memorandum of understanding (MOU) aims to translate promising pilots into replicable and scalable models to achieve impact outcomes, according to a Temasek Trust spokesperson. Both organizations share complementary strengths in these sectors and will explore co-financing and innovative financing approaches to mobilize additional resources.
The MOU was signed on October 12, during the World Bank Group Philanthropy Forum in Bangkok, where the World Bank Group also introduced the Philanthropy Hub, a platform to deepen collaboration with philanthropic organizations and partners. Temasek Trust will launch a Knowledge Node at its Temasek Shophouse by 2027, providing philanthropic partners with access to World Bank Group's datasets, expertise, and networks.
Paschal Donohoe, the World Bank Group's managing director and chief knowledge officer, emphasized the importance of partnerships in addressing development challenges, stating that the Philanthropy Hub will connect ideas, resources, and partners to scale solutions for people and communities worldwide. Desmond Kuek, Temasek Trust's executive director and CEO, highlighted the need for a holistic approach to development challenges, noting that philanthropy can take risks and forge new pathways for collective action in collaboration with the World Bank Group and its Philanthropy Hub.
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- Temasek Trust, World Bank Group tie up to advance initiatives in climate and energy businesstimes.com.sg
