{
  "id": 14401537,
  "title": "Temasek Trust, World Bank Group tie up to advance initiatives in climate and energy",
  "url": "https://urgent.news/2026/10/14/temasek-trust-world-bank-group-tie-up-to-advance-initiatives-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T08:17:54.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/temasek-trust-world-bank-group-tie-advance-initiatives-climate-and-energy"
  },
  "original_language": "en",
  "account": "Temasek Trust and the World Bank Group have joined forces in a memorandum of understanding (MOU) to advance initiatives in climate, energy, and agriculture. The partnership aims to translate promising pilots into scalable solutions that can drive impact outcomes. Both organizations possess complementary strengths in these areas, and they plan to explore co-financing and innovative financing approaches to mobilize additional resources.\n\nThe MOU was signed during the inaugural World Bank Group Philanthropy Forum in Bangkok. In line with the agreement, Temasek Trust will launch a Knowledge Node at the Temasek Shophouse by 2027, providing philanthropic partners with access to the World Bank Group's datasets, expertise, and networks. The Philanthropy Hub, launched by the World Bank Group, serves as a platform to deepen collaboration with philanthropic organizations and other partners.\n\nPaschal Donohoe, managing director and chief knowledge officer of the World Bank Group, emphasized the importance of partnerships in addressing growing development needs and resource constraints. He highlighted that the Philanthropy Hub will connect ideas, resources, and partners to scale solutions and deliver for people and communities worldwide.\n\nDesmond Kuek, executive director and CEO of Temasek Trust, pointed out that today's development challenges do not fit neatly into silos. He stressed that philanthropy can move early, take risks, and unlock the necessary partnerships and capital to transform bold ideas into lasting impact. By working together with the World Bank Group and its Philanthropy Hub, the two organizations can bridge systemic gaps, scale what works, and forge new pathways for collective action.",
  "summary": "A new platform has also been launched to deepen collaboration with philanthropic organisations",
  "key_points": [
    "Temasek Trust and World Bank Group sign MOU for climate, energy, agriculture initiatives",
    "Temasek Trust to launch Knowledge Node at Temasek Shophouse by 2027",
    "World Bank Group's Philanthropy Hub to deepen collaboration with partners"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Temasek Trust, World Bank Group tie up to advance initiatives in climate and energy",
        "url": "https://urgent.news/2026/10/14/temasek-trust-world-bank-group-tie-up-to-advance-initiatives-in-14418959",
        "published": "2026-10-14T09:45:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}