World Bank to end ban on nuclear energy projects


World Bank president Ajay Banga. — Reuters

WASHINGTON: The World Bank’s board has agreed to end a longstanding ban on funding nuclear energy projects in developing countries as part of a broader push to meet rising electricity needs, the bank’s president Ajay Banga says.

Banga outlined the bank’s revised energy strategy in an email to staff after what he called a constructive discussion with the board on Tuesday.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Asia coal prices hit 2-year high on Indonesia export rules
Moody’s: South, Southeast Asia credit outlook stable despite US dollar strength
South Korea's KOSPI craters over 8% as Fed fears spark tech rout
Gold extends losses on US interest rate-hike fears
OCBC to offer physical gold trading, storage in Singapore
Indonesia's FX reserves slide to two-year low, sparking concern�
US allegations of forced labor refuted
Chipmakers drag South Korea, Taiwan stocks lower as investors unwind AI bets
Liftech to raise RM23mil from ACE Market IPO
Yuan brushes off dollar strength, trade data eyed

Others Also Read