World Bank shifts focus from climate loans amid US pressure
Under pressure from the United States, the World Bank abandoned its climate target of allocating 45 percent of its loans to climate-related projects last month. Treasury Secretary Scott Bessent expressed concerns that focusing on climate hindered support for poor countries. The shift has prompted relief among policymakers in the world's poorest nations who.
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Published 08 Jul 2026, 00:41 UTC · Updated 08 Jul 2026, 00:50 UTC
Summary by OZbrief Editorial. Original report: The West Australian. Editorial policy · Corrections
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