As the Trump administration cracks down on funding earmarked for climate-related programming, the World Bank says it’s upholding its commitment to boosting climate finance.
But at the bank’s annual Spring Meetings in Washington this week, climate change was conspicuously light on the agenda — suggesting that the institution might be keeping a low profile on the topic.
The United States is the bank’s largest shareholder, with 17.5%, meaning that it holds sway and veto power. But as the Trump administration has shunned multilateral institutions and attempted to bar the use of the term “climate” by organizations it funds, some experts have wondered whether the U.S. could diminish or rescind its membership in the bank.