World News World Bank S Malpass Faces Calls To Resign After Climate Change Doubts Reuters
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US declines to sign World Bank directors' joint statement on climate agenda
WASHINGTON (Reuters) -Nineteen of the World Bank's 25 executive directors issued a joint statement this week affirming their support for the bank's continued work on climate change, defying the U.S., ... Read More
World Bank Directors Defy U.S. to Tackle Climate Change
Nineteen of the World Bank's 25 executive directors have supported the bank's ongoing participation in climate change initiatives. This support comes in opposition to the U.S. and some of its allies, ... Read More
World Bank’s foolish climate fantasies hurt the poor — US must call a halt
Treasury Secretary Scott Bessent must demand that it scrap its pointless climate targets — and redirect its attention to its true objective: lifting poor people out of poverty. Read More
As World Bank faces scrutiny, U.N. chief warns lenders over fossil fuels
United Nations Secretary-General Antonio Guterres on Monday urged development banks to stop backing fossil fuel projects, after a report found the World Bank had invested $12 billion in the sector ... Read More
World Bank's IFC adopts new climate rules to deter lenders from backing coal
The World Bank's private-sector arm has introduced new climate change conditions for its investments in commercial banks to encourage the lenders to wind down support for coal projects in Africa and ... Read More
World Bank's Malpass says G20 may agree to only 6-month debt relief extension
Some G20 creditor countries are reluctant to broaden and extend another year of coronavirus debt service relief to the world's poorest countries, so a six-month compromise may emerge this week, World ... Read More
World Bank chief says legislative changes can aid sovereign debt restructurings
World Bank President David Malpass said on Friday that G20 countries need to move forward with "deep, permanent debt relief" and some may need to make legislative changes to push private-sector ... Read More
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