World Bank president Ajay Banga on Wednesday doubled down on his push to revamp the bank's energy strategy to end a ban on lending for nuclear power projects and enable more natural gas projects, saying he will seek executive board approval in June. The changes would mark a shift from the bank's focus only on renewable energy projects, save for consideration for some gas projects in the poorest countries.
World Bank is a District of Columbia-based financial institution that provides services such as loans and technical assistance for developing countries.