The World Bank and IMF Want to Rethink Climate Finance

Ajay Banga, the former Mastercard CEO who is poised to become the World Bank’s next president, has suggested a range of ways the World Bank might work to attract private capital. “I’m not talking about taking away the risk the private sector should legitimately bear if they want to make profits,” Banga said in remarks at the Center for Global Development ahead of the spring meetings. “But I am talking about taking away things that are holding them back.”