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The World Bank pivoted to climate. That now may be a problem

Economic Times LogoEconomic Times8h ago

The World Bank pivoted to climate. That now may be a problem - Economic Times

Quick Summary:

The Trump administration's possible withdrawal and its intent to defund climate projects are primary concerns amid growing competition from Chinese development banks.

By contrast, the World Bank offered $43 billion in loans for energy projects.

Asked if he expected to continue the bank's investment in climate projects, he said he explains to lawmakers that the bank invests in making poor countries more stable.


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Article Details

Author / Journalist: NYT News Service

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-26 @ 10:05:02 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 2003 words

Reading Time: 12 minutes read

Sentences: 73 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 26451173

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About Economic Times

Economic Times Logo

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 6 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

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