by John High Demastri, The Daily Caller:
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.
