What does a ‘better’ World Bank mean for the climate?

World Bank president Ajay Banga plans to start measuring performance based on outputs, rather than inputs, as the organisation tackles global challenges. But ending financing for fossil fuel-related activities doesn’t appear to be on the agenda for now

Ajay Banga wants to build a “better” World Bank, one evaluated on its impact – how many people get a better job, how many carbon emissions are avoided because of work the bank does – rather than one measured on how many projects or dollars it provides.