Page 25 - வங்கி ப்ரெஸிடெஂட் டேவிட் ம்யால்பஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Sudan closer to debt relief with U S loan to clear World Bank arrears
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World Bank hints at not enough economic growth to reverse 2020 downturn in the Caribbean
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(Adds World Bank statement)
By Kate Abnett and Andrea Shalal
WASHINGTON, Feb 26 (Reuters) - Senior officials from Europe have urged the World Bank s management to expand its climate change strategy to exclude investments in oil- and coal-related projects around the world, and gradually phase out investment in natural gas projects, according to three sources familiar with the matter.
In the six-page letter dated Wednesday, World Bank executive directors representing major European shareholder countries and Canada, welcomed moves by the Bank to ensure its lending supports efforts to reduce carbon emissions.
But they urged the Bank - the biggest provider of climate finance to the developing world - to go even further.
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