Roadmap
These events are identified as points where global climate priorities will be established and, therefore, represent key milestones where progress on Compass reforms must be achieved. They include meetings of the G20, United Nations, World Bank-IMF boards, and more.
April
April 01 2025Washington DC, US
WBG/IMF Spring Meetings 2025
Milestones
Sovereign Debt Architecture
- Launch process to review/extend IMF-World Bank Debt Sustainability Framework.
Climate-Resilient Debt Clauses, and Pre-Emptive Reprofiling
- Four to five major commercial banks announce that they will offer no- or low-cost natural disaster and pandemic clauses in sovereign debt instruments and ensure new MVP clauses in all syndicated loans to sovereigns.
May
May 01 2025TBC
Voluntary DFI alliance annual meetings (ALIDE, etc.)
Milestones
Country-Sector Platforms
- The template for applicable country-led platforms is introduced for larger discussion.
Domestic Financial Market Development
- The Sustainable Finance Working Group announces a report that includes recommendations on how independent climate funds can support domestic market development through targeted investments.
May 26 2025Abidjan, Côte d’Ivoire
African Development Bank Annual Meeting 2025
Milestones
Increase climate finance volumes
- Five countries reallocate SDRs to the AfDB hybrid capital mechanism
Domestic Financial Market Development
- The role of NDBs in supporting domestic markets is highlighted, with discussion around the best policies and instruments to mobilize patient domestic capital for climate projects.
June
June 21 2025London, UK
London Climate Action Week 2025
Milestones
Country-Sector Platforms
- Country-led platforms are agreed to be a key function of the global adaptation agenda.
September
September 01 2025New York, USA
New York Climate Week 2025
Milestones
Global Levies on High-Emitting Activities
- [At UNGA] Agreement on final design of new tax options agreement on final outreach plans.
October
October 01 2025TBC
WBG/IMF Annual Meetings 2025
Milestones
De-Risking Private Investment-Guarantees
- Triple Multilateral Investment Guarantee Agency risk-taking by 2025 with complete payment guarantees.
Increase climate finance volumes
- Secure World Bank commitment to identify additional headroom for lending based on existing balance sheet and through the use of call-in capital, securitization and guarantees.
November
November 01 2025Brazil
UNFCCC COP30
Milestones
Global Levies on High-Emitting Activities
- Issuance of joint declarations of intent to implement new levies domestically or through a relevant international forum.