Boosted by Trump, Banks Resume Their Love Affair With Fossil Fuels

But banks abandoned net-zero and climate-friendly pledges in droves last year, in addition to backing fossil fuels. “This year, banks have shown their true colors,” said Lucie Pinson, one of the ... Read More

Trump administration says IMF, World Bank ‘falling short’ of missions

Treasury Secretary Scott Bessent said Wednesday that the International Monetary Fund and World Bank are “falling short” of their main missions and must focus on an urgent goal of bringing the ... Read More

World Bank climate message shifts amid Trump era uncertainty

The bank’s climate work is occurring as several of the Trump administration’s allies want the U.S. to exit the World Bank entirely, arguing that its mission runs counter to American national ... Read More

IMF's Georgieva, World Bank's Banga need to earn Trump administration's trust, Bessent says - Reuters

U.S. Treasury Secretary Scott Bessent on Wednesday said IMF chief Kristalina Georgieva and World Bank President Ajay Banga are both good leaders but must earn the Trump administration's trust by ... Read More

World Bank backs Trump’s gripe over other nations’ higher tariffs on U.S. goods

The World Bank said the U.S. economy in 2025 will grow 1.4 percent, 0.9 percentage points slower than its January forecast. It also called for all nations to reduce tariffs. Read More

World Bank's Banga unsure of US aid to fund for poor nations, though Trump dialogue 'constructive' | Reuters

World Bank President Ajay Banga said on Wednesday he has had constructive talks with the Trump administration about the development lender but he did not know how much the U.S. would contribute to ... Read More