{"id":76186,"date":"2023-02-23T01:51:54","date_gmt":"2023-02-23T01:51:54","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/02\/23\/india-eyes-world-bank-reform-to-spur-climate-finance-in-upcoming-g20-meeting\/"},"modified":"2023-02-23T01:51:54","modified_gmt":"2023-02-23T01:51:54","slug":"india-eyes-world-bank-reform-to-spur-climate-finance-in-upcoming-g20-meeting","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/02\/23\/india-eyes-world-bank-reform-to-spur-climate-finance-in-upcoming-g20-meeting\/","title":{"rendered":"India eyes World Bank reform to spur climate finance in upcoming G20 meeting"},"content":{"rendered":"

<\/a> India wants to keep the spotlight on climate finance:<\/strong> India is likely to propose forming an expert G20 group to examine possible reforms to the World Bank to increase its climate lending capacity in middle and low-income countries during a G20 meeting in Bengaluru this week, Reuters<\/a> reports, citing unnamed sources. Multilateral development bank (MDB) reform \u2014 which has been hotly debated<\/a> in the last year \u2014 is high on India\u2019s agenda for the meeting, one source noted. Climate finance will also be a core focus area for India during its G20 presidency, Finance Minister Nirmala Sitharaman is said to have told World Bank President David Malpass during a meeting yesterday, Reuters noted.<\/p>\n

Will the new World Bank president prioritize climate finance?<\/strong> Malpass announced last<\/a>week<\/a> his intention to step down by June, one year before the end of his four-year appointment. He had drawn<\/a> criticism in September for appearing unwilling to state that he believed fossil fuels were driving the climate crisis. His departure has opened a space for the US \u2014 which traditionally appoints the World Bank president \u2014 to propose a successor able to reorient the bank\u2019s business model to focus on combating climate change, the Financial Times<\/a> noted on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"

India wants to keep the spotlight on climate finance: India is likely to propose forming an expert G20 group to examine possible reforms to the World Bank to increase its climate lending capacity in middle and low-income countries during a G20 meeting in Bengaluru this week, Reuters reports, citing unnamed sources. Multilateral development bank (MDB) […]<\/p>\n","protected":false},"author":1,"featured_media":76187,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[157],"tags":[156,11,124,164,260,161],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-in-the-news","tag-climate-in-the-news","tag-enterpriseclimate","tag-g20","tag-green-finance","tag-india","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"cdbda768-9cef-42d2-b4b4-c0a888fe12d1","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/2\/705.jpg","photo_position":"above","related_issue":[76174],"teaser":"","voice_url":""},"yoast_head":"\nIndia eyes World Bank reform to spur climate finance in upcoming G20 meeting - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/02\/23\/india-eyes-world-bank-reform-to-spur-climate-finance-in-upcoming-g20-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India eyes World Bank reform to spur climate finance in upcoming G20 meeting\" \/>\n<meta property=\"og:description\" content=\"India wants to keep the spotlight on climate finance: India is likely to propose forming an expert G20 group to examine possible reforms to the World Bank to increase its climate lending capacity in middle and low-income countries during a G20 meeting in Bengaluru this week, Reuters reports, citing unnamed sources. 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