{"id":22787,"date":"2025-02-25T18:01:31","date_gmt":"2025-02-25T19:01:31","guid":{"rendered":"https:\/\/medexperts.pro\/?p=22787"},"modified":"2025-02-25T19:27:16","modified_gmt":"2025-02-25T19:27:16","slug":"the-world-bank-pivoted-to-climate-that-now-may-be-a-problem","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=22787","title":{"rendered":"The World Bank Pivoted to Climate. That Now May Be a Problem."},"content":{"rendered":"
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The Trump administration\u2019s deep cuts to clean-energy programs are raising concerns about U.S. commitments to the lender.<\/p>\n

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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<\/div>\n

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He also said that the bank makes money and shouldn\u2019t be seen as charity from U.S. taxpayers.<\/p>\n

\u201cThe World Bank is profitable,\u201d he said, noting that it more than covers its own administrative costs even if most of its projects are designed to yield slim returns. \u201cIt\u2019s not as though we take money every year from taxpayers to subsidize us and our salaries.\u201d<\/p>\n

The concern about the bank\u2019s future is heightened as the second Trump administration doubles down on its repudiation of climate projects and promotes an accelerated expansion of U.S. oil and gas projects.<\/p>\n

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The Trump administration\u2019s deep cuts to clean-energy programs are raising concerns about U.S. commitments to the lender.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, is facing doubts over whether its biggest shareholder, the United States, will stay on board.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 from the World Bank.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.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.He also said that the bank makes money and shouldn\u2019t be seen as charity from U.S. taxpayers.\u201cThe World Bank is profitable,\u201d he said, noting that it more than covers its own administrative costs even if most of its projects are designed to yield slim returns. \u201cIt\u2019s not as though we take money every year from taxpayers to subsidize us and our salaries.\u201dThe concern about the bank\u2019s future is heightened as the second Trump administration doubles down on its repudiation of climate projects and promotes an accelerated expansion of U.S. oil and gas projects.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":22789,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-22787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/22787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22787"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/22787\/revisions"}],"predecessor-version":[{"id":22790,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/22787\/revisions\/22790"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/22789"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}