The US and Germany are leading calls from shareholders in the World Bank for an overhaul of its business model to boost action on climate change at this week’s annual meetings.
The bank, a leading provider of loans and grants to poorer nations, has come under increasing pressure to provide greater financial support to developing countries to help their economies grow while coping with the consequences of climate change.
Germany is the latest to join those countries pushing for reforms and is expected to propose a series of actions to make the bank better able to deal with global crises including climate change.
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