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https://www.wsj.com/articles/climate-change-and-poverty-pose-challenge-to-world-bank-69f27b9e

Climate Change and Poverty Pose Challenge to World Bank

As organization overhauls lending, a question of how to divvy up limited resources

Ajay Banga, a former Mastercard CEO, is the only candidate for the next World Bank president. Melissa Lyttle for The Wall Street Journal

By Yuka Hayashi

and Andrew Duehren

April 10, 2023 7:00 am ET

The World Bank, embarking on a comprehensive overhaul of its lending practices, faces a tough question: How should it use its limited resources to fund climate projects while still helping the world’s poor?

The bank’s wealthy member countries are reluctant to add more to its coffers. But they are also demanding that it lend more money to programs that would fight climate change.

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