The World Bank
is in the middle of an internal debate over how to reshape its role in a world where the major developing nations — the core “customers” for its loans and programs — have become increasingly middle class and where states caught in civil war pose an intractable development problem. At the same time, the impact of climate change disproportionately threatens the African and Asian nations that would find it hardest to cope.
World Bank President Jim Yong Kim said
“If we do not act to curb climate change immediately, we will leave our children and grandchildren an unrecognizable planet,” Kim said. “It is the poor, those least responsible for climate change and least able to afford adaptation, who would suffer the most.”
Howard Schneider at the Washington Post has more.