The Trump administration's cuts to foreign aid and renewable energy raise uncertainty about U.S. support for the World Bank, its biggest shareholder. An executive order for reviewing international organization involvement, along with the conservative Project 2025's push for withdrawal, adds to these concerns. Ajay Banga, the bank's president, argues the institution is not a charity and operates profitably, providing essential funding for projects that can mitigate migration and support sustainable development.
If the United States were to withdraw from the World Bank, the institution could lose its triple-A credit rating, which may impede its borrowing capabilities.
Ajay Banga emphasized that the World Bank's investment in energy projects is not merely charity but a profitable venture that aids in preventing migration.
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