Finance ministers meeting in Washington this week for the World Bank\u2019s spring meeting approved one reform and drew battle lines on other changes. A change in the bank\u2019s equity-to-lending ratio from 20 to 19 per cent may not sound like much, but it will free up $4 billion a year for investment, about a third of which should go to climate projects. But such changes will not solve the climate crisis, and reformers want more. Some want the ratio to be reduced further, although it will require reining in the powerful ratings agencies. And developing countries want to go beyond accounting adjustments. They have called on governments to give the bank more money. But rich countries are not keen. Switzerland\u2019s foreign minister this week blamed \u201ea lack of public resources,\u201c while the US and others fear that China will increase its voting power at the bank by giving it the most money.<\/p>\n
Joe Lo<\/em><\/p>","protected":false},"excerpt":{"rendered":" Finance ministers meeting in Washington this week for the World Bank\u2019s spring meeting approved one reform and drew battle lines on other changes. The change in the equity-to-loan ratio from 20% to 19% may not sound like much, but it will free up $4 billion a year for the bank to invest, which would [\u2026]<\/p>","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2184","post","type-post","status-publish","format-standard","hentry","category-klimaticka-zmena"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/2184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/comments?post=2184"}],"version-history":[{"count":0,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/2184\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/media?parent=2184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/categories?post=2184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/tags?post=2184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}