U.S. Wants World Bank to Drop Ban on Upstream Oil and Gas Funding

Treasury Secretary Scott Bessent says the World Bank should formally retire its ban on upstream oil and gas financing as the U.S. pushes reforms.
The World Bank needs profound reforms, including reversing a ban on upstream oil and gas financing, U.S. Treasury Secretary Scott Bessent said in a statement for the World Bank Development Committee and the IMF International Monetary and Financial Co... [2197 chars]
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- Thursday, 15 October 2026, 7:00 pm IST
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