BELEM, Brazil (Reuters) -The World Bank and other multilateral development banks (MDBs) are under pressure to offer more help to poor countries being hammered by energy challenges and climate ...

The Biden administration is pushing the World Bank, founded as World War Two drew to a close to alleviate poverty, as a ...

BRUSSELS (Reuters) -The European Union will double down on its support for reforming global development banks to do more to fight climate change, a draft EU document showed, a stance that puts ...

India, Dec. 7 -- The world's multilateral institutions - conceived in the ashes of global war and built to safeguard peace, prosperity, and stability - are struggling under the weight of 21st century ...

Donald Trump’s animosity toward multilateralism and international organizations is well known. Just hours after taking office on Jan 20, 2025, the U.S. president announced his intention to withdraw ...

Ned Rauch-Mannino is a Visiting Fellow for The Heritage Foundation’s Douglas and Sarah Allison Center for National Security. MDBs can be a strategic soft power tool in support of America’s “peace ...

The World Bank and other multilateral development banks recently have begun reconsidering their self-imposed restrictions on financing fossil fuel projects. This change is being prompted in part by ...

“Development banks are lending in the order of around $200 billion a year. We need them to be lending three times that amount,” says Avinash Persaud, climate adviser to the Inter-American Development ...

The Inter-American Development Bank (IADB) is proposing an innovative plan to finance green energy projects in developing countries by buying up existing green loans to free up private sector ...