The World Bank has long been accused of reneging on its climate commitments.
to replace Malpass, is a former private equity executive who has worked for Nestlé, PepsiCo, and Citibank.
“The easiest way for a big oil company or coal operation to escape attention surrounding public assistance is to cloak it in trade finance,” the group said. “It is a huge loophole that must be closed and evaluated through public disclosure.” “IFC regularly reports accurate and timely project information through various channels,” the spokesperson added.
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