CGD in the News

New York Times: Out of Trump’s Shadow, World Bank President Embraces Climate Fight

April 09, 2021

From the article:

Scott Morris, a senior fellow at the Center for Global Development, a Washington think tank, said it was unfortunate that the World Bank appeared to be leaving the door open for funding fossil fuel projects. He suggested that Mr. Malpass still had yet to lay out a clear strategic vision for the bank, but credited him for embracing climate change.

“It is remarkable to compare his statements today with his positions as a Treasury official in the Trump administration two years ago, when the official position was to strike the word ‘climate’ from any multilateral institution’s documents,” Mr. Morris said. “By that standard, he’s made a remarkable evolution toward being a climate leader.”

He added: “But it is a question of compared to what, and is he up to the task of being the leader of this critical institution for climate finance?”