The World Bank Group is considering support for nuclear energy as part of a broader push to expand access to affordable and reliable energy, potentially ending a ban that has been labelled “unjustified” by International Atomic Energy Agency (IAEA) director-general Rafael Grossi.
At its April meeting, the bank’s development committee* urged the World Bank Group – five international organisations that make loans to developing countries – to explore “further options for increased affordable and reliable energy access, including potential support for nuclear energy”.
The five organisations are the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Multilateral Investment Guarantee Agency and the International Centre for Settlement of Investment Disputes.
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