{"id":246656,"date":"2025-02-25T19:45:09","date_gmt":"2025-02-25T19:45:09","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/25\/the-world-bank-pivoted-to-climate-that-now-may-be-a-problem\/"},"modified":"2025-02-25T19:45:09","modified_gmt":"2025-02-25T19:45:09","slug":"the-world-bank-pivoted-to-climate-that-now-may-be-a-problem","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/25\/the-world-bank-pivoted-to-climate-that-now-may-be-a-problem\/","title":{"rendered":"The World Bank Pivoted to Climate. That Now May Be a Problem."},"content":{"rendered":"
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As the Trump administration imposes deep cuts on foreign aid and renewable energy programs, the World Bank, one of the most important financiers of energy projects in developing countries<\/a>, is facing doubts over whether its biggest shareholder, the United States, will stay on board.<\/p>\n

While the Trump administration has voiced neither support nor antipathy for the bank, it has issued an executive order promising a review of U.S. involvement in all international organizations. And Project 2025, the right-wing blueprint for overhauling the federal government, has pressed for withdrawal<\/a> from the World Bank.<\/p>\n

If the United States were to withdraw, the bank would lose its triple-A credit rating, two credit-rating companies warned in recent weeks. That could significantly reduce its ability to borrow money. Roughly 18 percent of the bank\u2019s funding comes from the United States.<\/p>\n

In an interview, Ajay Banga, the bank\u2019s president, said his institution was fundamentally different from the aid agencies, such as U.S.A.I.D., that the Trump administration has been cutting. And he used some of the administration\u2019s own talking points to argue the case: Investment in natural gas and nuclear power is good, he said, and the development projects funded by the bank can help prevent migration.<\/p>\n<\/div>\n