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Also in today’s newsletter, hedging the risks linked to carbon offsets
Plus, demand for green goods weathers inflation
Ajay Banga tapped by Joe Biden as institution shifts to greater focus on climate change
Leading emerging markets and Germany fear proposed reforms threaten institution’s triple-A credit rating
Candidates need to balance wealthy shareholders and countries dealing with poverty
Trump appointee to step down by end of June as institution faces pressure over tackling climate change
Higher interest rates and slump in currencies raise debt servicing costs by more than a third
Plus, Indian billionaire Gautam Adani turns to green energy
Pressure increases on development banks to fund clean energy in poorer nations
David Malpass criticised for lack of leadership on environment-related finance for developing countries
Biden administration identifies ‘gaps’ in response to requests from Treasury secretary Janet Yellen
Al Gore, UN and other development banks take aim at international financial institution over weak commitments
‘A database of vaccine orders would enable policymakers to address imbalances in supply and price more easily’
Debt relief is needed now to stop the pandemic denying more children a basic education, with girls most at risk
President David Malpass calls for more help to alleviate impact on ‘millions of livelihoods’
This outbreak can be contained given our shared goals — but we must act fast
US’s economic rivalry with Beijing spills over into multilateral institutions
Beijing faces criticism over claims of human rights abuses in the western region
David Malpass blames Brexit, Europe’s recession and trade uncertainty
World Bank president argues that new leadership must revamp agriculture and finance
This is a particularly good time for a new approach as new leaders take charge at both institutions
David Malpass stops short of rebuking White House for protectionist policies
Trump ally takes conciliatory tone on climate change and China on first day
Former Bear Stearns economist still faces some scepticism over his vision for the institution
France looks for assurances on climate change from Trump nominee
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