The head of the World Bank said he asked the lender’s board to reverse its long-standing policy against funding nuclear power projects, saying the technology offers a green option for poor countries.
“The good news is the board has come together and said they’re willing to discuss” the change, World Bank president Ajay Banga said on 20 March at an event in Washington.
He said he expects the move to be included in a broader energy policy proposal expected in June 2026.
The Washington-based development lender funds fossil fuel and renewable power projects but has a ban on funding nuclear.
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