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World Bank President Warns of Tariff Impact on Growth

4/16/2025

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Summary

Story summary

World Bank President Ajay Banga cautioned that the US administration's unpredictable tariff policies could hinder global economic growth. He expressed optimism about productive talks with the new US government on funding commitments. The World Bank is focused on boosting climate finance and may reevaluate support for nuclear and natural gas projects to enhance energy access in Africa.

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Story summary

World Bank President Ajay Banga cautioned that the US administration's unpredictable tariff policies could hinder global economic growth. He expressed optimism about productive talks with the new US government on funding commitments. The World Bank is focused on boosting climate finance and may reevaluate support for nuclear and natural gas projects to enhance energy access in Africa.