"[W]ealthy nations, largely led by the U.S., rejected an alternative to set up a standalone fund... Experts unanimously agreed that developing countries have little trust in the World Bank as a result of its governing structure, which gives the U.S. outsized influence..."
The US really is a huge, huge problem. Guess who's the biggest oil and gas producer in the world?
https://grist.org/international/world-bank-loss-and-damage-fund/
@00Aaron Well it's not so much that developing countries have little trust in the world bank as a bank, it's that they want it to be a charity, and that makes all the difference.
As the World Bank is supposed to be a bank it's just not handing out cash left and right like so many would prefer.
But it speaks to mission creep. That's just not what the world bank is supposed to be.
