Requested whether or not Trump’s potential reelection would derail the financial institution’s local weather agenda, Banga in an interview pointed to broader worldwide momentum.
“There’s sort of a consensus on the G20, which is far greater than simply the U.S. and the EU,” he mentioned. “There’s a consensus even within the International South, which I didn’t examine 5 years in the past.”
Banga, who didn’t identify Trump within the interview, nonetheless acknowledged {that a} change in U.S. management would have some affect.
The U.S. is the biggest shareholder of the financial institution, which receives monetary help from member nations. It’s customary that the U.S. selects World Financial institution leaders. Banga’s Trump-nominated predecessor, David Malpass, got here beneath fireplace towards the tip of his tenure due to feedback that appeared to solid doubt on local weather science.
“Sure, would a selected chief on this planet’s largest nation, probably the most wealthy nation on this planet, probably the most highly effective nation on this planet, would his or her views have a tangible affect? Completely,” Banga mentioned. “And we’ll need to take care of it, relying on who turns into president and whichever approach they strategy it. I’m not naïve about that. I’m simply saying I feel the world’s in a barely completely different place than it was 5 years in the past.”