The International Atomic Energy Agency and the World Bank have announced a new agreement to cooperate on the development and financing of nuclear power for developing countries, including extending the life of existing reactors and speeding up deployment of small modular reactors (SMRs).
IAEA director-general Rafael Grossi and World Bank president Ajay Banga signed on 26 June the memorandum of understanding in Paris that is part of the bank’s return to nuclear energy financing.
The IAEA and the World Bank said in a statement that they agreed to work together to build knowledge in the nuclear field, including expanding the World Bank Group’s understanding of nuclear safety, security, energy planning, and waste management.
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