Even though the global lender has scrapped a headline goal for its financing with climate benefits, it has decided to continue its climate action plan in the face of US pressure The World Bank scrapped a headline goal for financing with climate benefits but will continue its climate action plan, pushing back against US pressure

The World Bank on Monday extended its climate change policy framework indefinitely, but dropped its targets for the percentage of financing that must have climate-related impacts,…

The World Bank removed its 45% climate lending target after US Treasury Secretary Scott Bessent called the goals 'distortionary,' signaling a major shift in