World Bank Energy Financing Expansion Endorsed by Development Committee

The World Bank’s steering committee on Friday endorsed the lender’s plans to explore options to expand energy access, including potential financing for nuclear energy, in a move in line with directives to broaden energy financing by U.S. President Donald Trump’s administration.

A statement from the World Bank and International Monetary Fund joint Development Committee called on the World Bank Group (WBG) to work towards providing energy access to 300 million Africans by 2030.

“We encourage the WBG to explore further options for increased affordable and reliable energy access, including potential support for nuclear energy,” the Development Committee said.

Reporting by David Lawder; Editing by Andrea Ricci

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