No amount of planning could have prepared us for the stark realities we face today. COVID-19, rising temperatures, poverty, food insecurity, Russia’s war on Ukraine, energy crisis—these key words are not enough to bring the dire reality into focus. Things are getting worse in real time. Public budgets won’t meet the requirements to do right by the planet and to ensure basic services for the millions of households left behind. Mobilizing private sector expertise, innovation, and capital for development projects is more critical than ever. The scale and range of investments needed for the climate transition will require a comprehensive approach, which is why the Evolution Roadmap emphasizes ways to expand the World Bank Group’s use of guarantees and make them more fit for purpose under a stronger One World Bank Group approach. Now is the time to deploy our most transformative approaches to meet the immense challenges of our time. […]