World Bank May Drop Ban on Funding Nuclear Power, President Says

World Bank May Drop Ban on Funding Nuclear Power, President Says

The head of the World Bank said he asked the lender’s board to reverse its long-standing policy against funding nuclear power projects, saying the technology offers a green option for poor countries.

The President of the World Bank, Ajay Banga said on Thursday that he had asked the board of directors of the international financial institution to reconsider its long-standing policy against the financing of nuclear energy projects, saying that this technology offers an ecological alternative to poor countries. "The good news is that the board of directors is ... This article The World Bank could suspend the ban on financing nuclear energy, acc…

The President of the World Bank, Ajay Banga, confirmed this Thursday that he has asked the governing body of the institution he leads to abandon its policy of not providing funding for nuclear energy projects, something he has not done since 1959. “The good news is that the Board of Directors has met and has been open to debate [the issue],” Banga said in statements collected by Bloomberg during an event held in Washington. “Modular nuclear reac…

World Bank President Ajay Banga confirmed this Thursday that he has asked the governing body of the lead institution to abandon its policy of not providing funding for nuclear energy projects, which he has not done since 1959.

MADRID, 20 (EUROPA PRESS) The President of the World Bank, Ajay Banga, confirmed this Thursday that he has asked the governing body of the institution that leads to abandon its policy of not providing funding for nuclear energy projects, something that he has not done since 1959. "The good news is that the Board of Directors has [...] The entry The World Bank is studying the possibility of financing nuclear energy projects for the first time sin…

World Bank President Ajay Banga wants to end a ban on nuclear energy financing. He has asked the board of the world's largest development financier to reconsider the decades-old policy, he said at a meeting in Washington.