Ocampo, a former Colombian finance minister, laid out his vision for the World Bank at an event hosted by the Washington Post Live and the Center for Global Development. He said the bank needs to continue its “historic” task of reducing poverty while expanding its focus to issues such as climate change.“The World Bank has gone from poverty reduction to management of the global commons,” Ocampo said. He noted that the Bank would be a “central player” in helping low- and middle-income countries deal with global warming in the coming years through its infrastructure loans and technical assistance.
But to take on these global tasks, the bank would have to work much more closely with organizations such as the United Nations.
Weekly Climate and Energy News Roundup #569
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