Bidens World Bank Head Promises To Spend As Much As We Possibly Can On Climate Change

  • Post category:News / US News
Bidens World Bank Head Promises To Spend As Much As We Possibly Can On Climate Change


Get Your Patriot911 Newsletter In Your Email Inbox

Ajay Banga, the Biden-appointed president of the World Bank, promised to “push” the financial institution to its limits to combat climate change in an interview with Reuters late Tuesday.

While Banga said he would not take any actions that would threaten the global financier’s “AAA” credit rating, he said that he would leverage the bank’s balance sheet “as hard as you can” to address climate issues, Reuters reported. Members of the Biden administration, notably including Treasury Secretary Janet Yellen and President Joe Biden himself, and climate activists have — at times over the objections of developing nations — called for Banga to shift the bank’s focus from combating poverty to additionally combating climate change.

“My logic is that if you add up all these kinds of ideas together, annually, you’re looking … in the tens of billions, not in the hundreds of billions,” Banga told the outlet. “I just think we have to be a little careful and a little sensible, of just how much we do on this, but we should do as much as we possibly can.”

The former MasterCard CEO also said that he would announce World Bank measures to combat pandemics and enhance its finances in addition to climate change plans over the next several months, according to Reuters. Banga in March said that a successful campaign against climate change would require trillions from private investors.

In total, the World Bank Group loaned $104 billion to borrowers in 2022, Reuters reported.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Daily Caller News Foundation
Share to break through the censorship!

JOIN US @NewRightNetwork on our Telegram, Twitter, Facebook Page and Groups, and other social media for instant news updates!


New Right Network depends on your support as a patriot-ran American news network. Donate now